The Foundation of Product or Service Development

Fergusson, Kevin W.; Arevalo, Jennifer Decker
February 2004
Click (1532-0391);Feb/Mar2004, Vol. 5 Issue 1, p1
The article focuses on a recent report from the Medical Group Management Association which found that benchmarking, patient care, technology, and staffing initiatives helped successful medical groups outperform their peers by as much as $133,692 in revenue per physician over all medical groups, and $49,953 per physician for primary-care groups. Certainly, medical groups need to continue their focus on operational issues. Without efficient operations stagnation is certain, but facing a future of declining reimbursements, increasing medical malpractice premiums and increasing overhead costs, medical groups need to look for answers on the revenue side of their businesses.


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