Using Visits per Day Worked to better monitor physician productivity

Is a physician working harder and getting paid less? Here’s just one example of how dashboardMD can quickly provide a clear picture allowing you to make more informed decisions.

Take a look at calculating Visits per Day Worked. Start by counting all Visits for the reporting period and then tally up each work day. Make sure to exclude all days off including vacations or weekends. Divide your Visits by the number of work days to get a visits per work day ratio. You can calculate this number monthly, for at least 6 months, to produce a trend.

To figure out if a physician is truly working harder and getting paid less, calculate a monthly average of payments per visit using fully adjudicated claims for six months. Compare the resulting trend against the trend for Visits per Day Worked. If the trend line for Visits per Day Worked is increasing while Payments per Visit is decreasing, the physician may indeed be working more while getting paid less. If the inverse is true, your physician may be seeing less actual patients but those visits may include more complicated patients with visits of increased complexities.

Conclusion

We hope you enjoyed this brief introduction to these productivity concepts and data points and we certainly hope that it got you thinking.

We actually enjoy this stuff! Don’t hesitate to reach out to any of us at dashboardMD with questions or comments. We’d love to hear how you may be applying these metrics and we’re always happy to help.

Using Visits per Day Worked to better monitor physician productivity

Is a physician working harder and getting paid less? Here’s just one example of how dashboardMD can quickly provide a clear picture allowing you to make more informed decisions.

Take a look at calculating Visits per Day Worked. Start by counting all Visits for the reporting period and then tally up each work day. Make sure to exclude all days off including vacations or weekends. Divide your Visits by the number of work days to get a visits per work day ratio. You can calculate this number monthly, for at least 6 months, to produce a trend.

To figure out if a physician is truly working harder and getting paid less, calculate a monthly average of payments per visit using fully adjudicated claims for six months. Compare the resulting trend against the trend for Visits per Day Worked. If the trend line for Visits per Day Worked is increasing while Payments per Visit is decreasing, the physician may indeed be working more while getting paid less. If the inverse is true, your physician may be seeing less actual patients but those visits may include more complicated patients with visits of increased complexities.

Conclusion
We hope you enjoyed this brief introduction to these productivity concepts and data points and we certainly hope that it got you thinking.

We actually enjoy this stuff! Don’t hesitate to reach out to any of us at dashboardMD with questions or comments. We’d love to hear how you may be applying these metrics and we’re always happy to help.

Register today to schedule a demo webinar and see how to Monitor Daily Productivity.

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