| Benchmarking your practice. | |
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MedLine Citation:
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PMID: 11771341 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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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. |
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Authors:
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J M Clapp |
Publication Detail:
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Type: Journal Article |
Journal Detail:
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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:
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Created Date: 2001-12-28 Completed Date: 2002-01-14 Revised Date: 2004-11-17 |
Medline Journal Info:
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Nlm Unique ID: 8511653 Medline TA: N J Med Country: United States |
Other Details:
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Languages: eng Pagination: 51-3 Citation Subset: IM |
Export Citation:
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| MeSH Terms | |
Descriptor/Qualifier:
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Benchmarking* Budgets Humans Practice Management, Medical / economics* |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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