Market Data Archives - MD Ranger

Facility Totals Benchmark Report

mdrwpadmin — Tue, 26 Nov 2024 00:00:00 +0000

Have you ever asked yourself these questions about your organization?

Are we paying too much for ED call coverage?
Do other hospitals spend as much on directorships and administrative roles as we do?
Do we have more paid medical directors than other hospitals?

If the answer is yes, we have a resource you need.

MD Ranger’s 2024 Facility Total Benchmark Report covers hospitals’ total physician contract expenditures, facilitates a ‘top-down’ analysis of physician expenditures, and helps identify opportunities to reduce costs or spot compliance risks.

These benchmarks help organizations analyze aggregate spending on physician contracts and compare themselves to similar organizations. Used in conjunction with MD Ranger Analytics, Facility Totals can help drive financial performance and evaluate compliance policy effectiveness.

To receive the full Facility Totals report fill out the form below!

The post Facility Totals Benchmark Report appeared first on MD Ranger.

Addressing Changes in Benchmarks

mdrwpadmin — Mon, 30 Nov 2020 00:00:00 +0000

Market data is an efficient way to build a physician contracting compliance program, and is used by hundreds of hospitals across the country. Among the perks of using market data are consistency, accessibility, and flexibility. As long as the database used to calculate payment benchmarks is both large and diverse, benchmarks typically remain stable from year to year. However, even in large databases, there are factors that could change benchmarks from year to year, such as significant increases in the sample size or changes in the market.

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By understanding why benchmarks could change from year to year, you can prepare for these changes and address them effectively when they occur. If you are using market surveys or MD Ranger to set physician contract rates and want to learn best practices, watch this 30-minute video covering:

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Why benchmarks shift
Addressing changes
Case studies and real-life examples

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Addressing Changes in Benchmarks from MD Ranger on Vimeo.

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To read more information about our benchmark reports click here.

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Or, View the Slides Below.

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The post Addressing Changes in Benchmarks appeared first on MD Ranger.

Key Findings from MD Ranger’s 2017 Facility Totals Benchmarks

mdrwpadmin — Thu, 19 Nov 2020 00:00:00 +0000

Watch this video and explore our key findings from the 2017 Total Facility Benchmarks, as well as compare them to the past seven years’ reports to uncover trends, including:

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How much hospitals spend on call coverage and medical directorships
Facility-wide physician contracting trends
How healthcare organizations use facility-wide benchmarks to drive better performance

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To read more information about our benchmark reports click here.

Or, View the Slides Below.

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The post Key Findings from MD Ranger’s 2017 Facility Totals Benchmarks appeared first on MD Ranger.

Limitations of Market Data

mdrwpadmin — Thu, 19 Nov 2020 00:00:00 +0000

High-quality market data is a powerful tool for analyzing physician costs, negotiating competitive contracts, and documenting compliance of hospital-physician agreements. However, market data is not the all-in-one solution for every question or concern regarding physician contracting. This webinar will cover best practices for utilizing market data to evaluate physician contracts, including:

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Situations where market data excels
When to consult an expert
Understanding the limitations of market data

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The Limitations of Market Data from MD Ranger on Vimeo.

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To read more information about our benchmark reports click here.

Or, View the Slides Below.

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The post Limitations of Market Data appeared first on MD Ranger.

Why Benchmarks Can Change from Year to Year

mdrwpadmin — Thu, 19 Nov 2020 00:00:00 +0000

MD Ranger’s robust database combines verified hospital and facility data with proprietary data drawn from the founders’ thousands of fair market value opinions written over the past decade. This permits MD Ranger to provide accurate, timely and cost-effective market data for a range of physician service agreements — to help you analyze physician contracts and compensation strategies.

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Our Why Benchmarks Can Change from Year to Year white paper discusses some reasons benchmarks can change from year to year and solutions for handling these shifts.

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This white paper will help you understand changes in benchmarks over time including:

how one additional contract can change the benchmark values
ways to avoid problems if shifts in market data occur
solutions for documenting FMV if a benchmark changes

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Please submit your work email below to download Why Benchmarks Can Change from Year to Year

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The post Why Benchmarks Can Change from Year to Year appeared first on MD Ranger.

Using Market Data for FMV: Our Six-Step Guide

mdrwpadmin — Tue, 17 Nov 2020 00:00:00 +0000

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Our Using Market Data for FMV: Our Six-Step Guide white paper provides an easy step-by-step guide to using market data.

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This white paper will help you:

learn to test for commercial reasonableness
take into account your organization’s overall contracting strategy
determine the best market data and benchmark to use

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Please submit your work email below to download Using Market Data for FMV: Our Six-Step Guide

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The post Using Market Data for FMV: Our Six-Step Guide appeared first on MD Ranger.