NEW SMARTKPIS.COM REPORT RANKS THE TOP MEDICAL PRACTICE KPIS OF 2011- 2012
June 06, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world’s largest source of thoroughly documented KPIs.
Medical Practice is the practice of medicine, performed by a medical practitioner – a physician. Typically, practicing medicine involves giving a diagnosis and prescribing a treatment for a medical condition. In developed countries, only qualified persons – those with the appropriate licensure, certification, or registration with a relevant body, often governmental – are legally permitted to practice medicine. Such licensure usually requires a medical degree, like the Doctor of Medicine or the Doctor of Osteopathic Medicine.
The “Top 25 Medical Practice KPIs of 2011-2012” report provides insights in the state of Medical Practice KPIs performance measurement today by listing and analyzing the most visited KPIs on smartKPIs.com in 2011-2012. In addition to KPI names, the report contains a detailed description of each KPI, as documented in smartKPIs Premium.
Medical Practice KPIs are reflective of Medical Practice areas of interest, and are grouped into subcategories, such as Medical Services, Medical Practice Financials, Administrative Efficiency, Surgical Procedures and Patients Feedback. Among these, Medical Services, Medical Practice Financials and Administrative Efficiency were the most popular.
One of the most important benefits that this report brings is the international perspective on the most popular KPIs for Medical Practice. Medical Practice KPIs provide quantifiable measurements of factors determined to be important for the successful implementation of Medical Practice strategies. The skill in applying KPIs is in the selection of the optimum number and appropriateness of KPIs. The top 5 Medical Practice KPIs in this report are:
- % Medical error rate
- # Time to complete autopsy reports
- % Patient cash net revenue
- % Self pay A/R of medical bill aged more than 90 days from placement date
- # Caseload per physician
By discussing the use of KPIs today, presenting the best practice in documenting them and listing the most popular KPIs of 2011, the “Top 25 Medical Practice KPIs of 2011-2012” report is a valuable resource in promoting the informed use of KPIs or refreshing the existing performance measurement and management practice in any organization.
According to Aurel Brudan, The KPI Institute’s CEO “The Top 25 Medical Practice KPIs of 2011-2012 report is a synthesis of what smartKPIs.com is all about: it provides an overview of how Medical Practice KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team.”
ABOUT SMARTKPIS.COM
http://www.smartkpis.com is the leading online platform for performance management knowledge integration, hosting the largest database of thoroughly documented KPI examples available on the web today. It offers high quality resources and collaboration functionality for the community of members, assisting them in making smart decisions regarding their performance management initiatives. Registration is free and enables research, learning and interaction as part of a growing community of members from over 190 countries and territories.
ABOUT THE KPI INSTITUTE
The KPI Institute is a research, publishing and educational provider specialized in developing better practice in the use of KPIs. It developed the KPI Management Framework and runs five main research programs, dedicated to performance management, the Balanced Scorecard, KPIs, analytics and organizational strategy. Over the last 8 years, The Institute assisted over 5,000 organizations in finding solutions to their KPI needs.
Media contact
Cipriana Turcanu, The KPI Institute, Tel: +61 3 9670 2979, Email: [email protected]
