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Clinical
Operations
Financial
Analysis
Practice
Valuation
Provider
Compensation
Provider
Contracting
Strategic
Planning
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Successful
practices have traditionally been diligent in gathering, measuring,
and managing financial information. In addition, these practices
routinely compare or benchmark actual operating results to
prior periods, budget forecasts, and/or available industry
benchmarks. Rigorous assessment of budget variances is commonplace
in these practices. This process focuses the practice on continually
improving workflow processes, while enhancing physician and
staff productivity.
The BSM Consulting Group has vast expertise
in the area of financial analysis and benchmarking. Over
the past 20 years, BSM consultants have analyzed the financial
performance of hundreds of practices in a variety of medical
specialties. In addition, BSM has carefully "mined"
its detailed analysis to obtain meaningful specialty-specific
benchmarking data.
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