HCMG745 Healthcare Practice Management

• Evaluate an organization’s key requirements for efficient financial management systems

• Recommend benchmarks for comparing a healthcare practice performance

Financial benchmarking seeks to measure how the medical practice organizational performance and how it stacks up against competitors and where it does not. The end result should be where to focus your efforts. On page 241 of the textbook; the discussion centers around 6 useful areas.

Use each question as a HEADING in your assignment. Discuss each question separately.

1. What will or are you benchmarking in your practice?

2. Why is it important?

3. What knowledge will you gain?

4. How will you use this information to improve the practice performance?

Initial Response is due by Day 3 (Minimum 350-400 words in length). Remember to support your initial response with at least one additional outside resources (other than your textbook and the videos). APA format with at least one secondary reference and in-text citations.