January 19, 2011
The Medical Group Management Association (MGMA) Performance and Practices of Successful Medical Groups identified Beacon Orthopaedics & Sports Medicine as a Better Performer. The 2010 report is based on data collected during 2009. It compares operational performance with similar medical group practices nationwide. Beacon has been named a Better Performer due to superior performance for a second consecutive year.
Glen Prasser, Beacon’s CEO, expressed his feelings, “We are honored to receive this recognition. Operational excellence is important to not only our practice from a financial point of view, but it is especially important to our patients. We understand that everyone’s time is very valuable and we are committed to ensuring that each person who visits us receives prompt and efficient professional care.”
For over a decade, the MGMA report has been a benchmarking standard among medical groups. The report profiles medical practices that have demonstrated success in various competencies. These include: patient satisfaction, productivity, capacity and staffing, cost management, profitability, accounts receivable and collections, and managed care operations.
The results are generated using data from respondents to the MGMA Cost Survey (2010 Reports Based on 2009 Data), in addition to questionnaire responses that assessed practices and procedures, as well as management behaviors. This aggregated data was used to determine the Better Performers.
About the Medical Group Management Association
MGMA is the premier membership association for professional administrators and leaders of medical group practices. Since 1926, MGMA has delivered networking, professional education and resources, and political advocacy for medical practice management. Today, MGMA’s 22,500 members lead 13,700 organizations nationwide in which some 275,000 physicians provide more than 40 percent of the health care services delivered in the United States.
MGMA’s mission is to continually improve the performance of medical group practice professionals and the organizations they represent. MGMA promotes the group practice model as the optimal framework for health care delivery, assisting group practices in providing efficient, safe, patient-focused and affordable care. MGMA is headquartered in Englewood, Colo., and maintains a government affairs office in Washington, D.C. Please visit the website for the Medical Group Management Association MGMA.com.