Document Detail


Benchmarking your practice.
MedLine Citation:
PMID:  11771341     Owner:  NLM     Status:  MEDLINE    
Abstract/OtherAbstract:
A medical practice is a business and as such is governed by the principles of good business management; these include planning, budgeting, and supervision. A benchmark comparison of a practice is the first step in identifying the factors that determine the financial performance of the practice. However, it is only a first step. Performance is also measured against expectations. A benchmark comparison against market data is not the only tool to use in managing a business successfully. Creating a financial budget together with performance standards is essential to developing and maintaining a healthy practice.
Authors:
J M Clapp
Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  New Jersey medicine : the journal of the Medical Society of New Jersey     Volume:  98     ISSN:  0885-842X     ISO Abbreviation:  N J Med     Publication Date:  2001 Nov 
Date Detail:
Created Date:  2001-12-28     Completed Date:  2002-01-14     Revised Date:  2004-11-17    
Medline Journal Info:
Nlm Unique ID:  8511653     Medline TA:  N J Med     Country:  United States    
Other Details:
Languages:  eng     Pagination:  51-3     Citation Subset:  IM    
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MeSH Terms
Descriptor/Qualifier:
Benchmarking*
Budgets
Humans
Practice Management, Medical / economics*

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine


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