Getting a Handle on Quality and Value-Based Analytics in your Medical Group Practice

Having the right data helps medical group practices make better decisions, which can pay off as more reimbursement shifts into value-based arrangements. While the pace of adding quality performance metrics as a component to physician compensation plans has been slow in recent years, its importance continues to grow: A May 24, 2022, MGMA Stat poll found more than 4 in 10 medical practices make quality a component in compensation methodologies for their doctors.

To better understand how healthcare leaders are approaching the task of measuring what they hope to manage, a June 7, 2022, MGMA Stat poll asked medical groups how they handle quality and value-based analytics. The majority (45%) reported they use both in-house analysts and vendors/software to get the job done, while 40% said they only use in-house analysts and 15% noted they only use vendors or third-party software. The poll had 354 applicable responses.