Practical Data Solutions to Showcase Reporting and Analytics Solutions That Increase Practice Efficiencies at MGMA’s 2023 Financial & Operations Conference
PRESS RELEASE Southbury, CT (2/15/2023) – Practical Data Solutions (PDS) is excited to announce its participation at the Medical Practice Excellence: Financial and Operations Conference, hosted by the Medical Group Management Association (MGMA). The conference will be held March 19-21 at the Hyatt Regency Grand Cypress in Orlando, Florida.
For the first year ever, MGMA is offering two business tracks for both finance and operations, giving conference attendees the option to explore the topics that best suit their individual needs. Throughout the course of the three-day in-person conference, PDS will be in Booth #608 to showcase healthcare reporting and analytics focused on driving profitability, propelling practice efficacy, and enhancing the patient experience.
PDS featured analytics solutions include:
- PDS Patient Access & Scheduling Visualization to help practices identify opportunities to increase capacity and improve patient access
- PDS Denial Recovery Analytics, coupled with revenue cycle management strategies, to take your practice from average financial performance to outstanding results
- PDS RVU Enhancer to accurately calculate RVUs to provide physicians with valuable, comparative context to assess and self-manage their performance
- PDS Payer Contract Analyzer to provide payer analysis and insights required for successful contract negotiation
- PDS HCC Revenue Capture Reporting to ensure your organization is accurately capturing HCCs to optimize reimbursement and quality incentives
- PDS Patient Survey Analytics to help ensure your organization’s providers and staff create a positive patient experience environment to foster improved outcomes, performance, and practice longevity
“We are excited to have this unique opportunity to meet with Financial and Operations professionals in one place at the MGMA. When looking at financial challenges within a practice, solutions can often be found in the organization’s data, but analytics needs to be structured in a way so that you can easily recognize how to improve volume and productivity, reimbursement, cashflow, and denial recovery strategies,” said Russell Hendrickson, CEO of Practical Data Solutions. “From an operations perspective, data-driven analytics and reporting need to focus on improving overall practice efficiencies like seeing more patients and optimizing staff productivity, all while keeping the patient experience top-of-mind,” Hendrickson added.
“MGMA is committed to bringing easily accessible analytics solutions to our members. We agree with Practical Data Solutions that analytics are critical to the success of medical practices, both financially and operationally. Having PDS with us at The Finance and Operations Conference demonstrates our shared commitment to bringing these insights to our conference attendees,” said Halee Fischer-Wright, MD, MMM, FAAP, FACMPE, president and chief executive officer at MGMA.
The conference will be a place for healthcare professionals to discuss the latest trends and challenges in medical practice finance and operations through more than 45 speakers covering topics including business intelligence, advertising data analysis, compensation, productivity, government affairs, and more.
As part of MGMA’s education sessions, PDS will present, Creating a 360-Degree View of the Patient Experience, on Tuesday, March 21, 2023, 9:30 am – 10:30 am. The session will be led by Russell Hendrickson and Scott Everitt, VP of Healthcare Solutions.
For more information about PDS, visit PDS-Online.com or follow us on LinkedIn and YouTube. Healthcare professionals can register here. Information on speakers, session details, and schedule for the conference can be found here. Join the conversation on social media by following MGMA on Facebook, Twitter, and LinkedIn.
About Practical Data Solutions
Practical Data Solutions (PDS) is a healthcare analytics company delivering best-in-class visualizations, analytics, data warehousing, and data staging exclusively for healthcare organizations. PDS empowers clients to proactively leverage their data to improve performance and revenue through highly visual, interactive dashboards focused on financial, operational, quality, and clinical analytics. PDS implements tailored solutions that meet and exceed client-specific needs and achieve measurable ROI. For more information, please visit PDS-Online.com or follow us on LinkedIn and YouTube.
Founded in 1926, the Medical Group Management Association (MGMA) is the nation’s largest association focused on the business of medical practice management. MGMA consists of 15,000 group medical practices ranging from small private medical practices to large national health systems representing more than 350,000 physicians. MGMA helps nearly 60,000 medical practice leaders and the healthcare community solve the business challenges of running practices so that they can focus on providing outstanding patient care. Specifically, MGMA helps its members innovate and improve profitability and financial sustainability, and it provides the gold standard on industry benchmarks such as physician compensation. The association also advocates extensively on its members’ behalf on national regulatory and policy issues. To learn more, go to MGMA.com or follow us on LinkedIn, Twitter, and Facebook.
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