MGMA

Implementing a balanced scorecard (BSC) allows healthcare leaders to face the challenge of balancing quality care and operational performance. The BSC is a strategic planning and management system that provides a framework for achieving this equilibrium. Learn how to translate your vision and strategy into actionable objectives: https://bit.ly/3Yl17Ph

Group purchasing organizations (GPOs) emerge as a strategic partner for medical practices. A GPO leverages the collective buying power of its members to negotiate discounts with suppliers. By aggregating the purchasing volume of multiple practices, GPOs secure better pricing and terms on medical supplies, equipment and services than individual practices could achieve on their own. Read more about the strategic advantage of GPOs for medical practices to navigate the age of inflation: https://bit.ly/3Y767a1 #MGMAstat #GPOs

Anu Banerjee MHA, FACHE, the 2024 recipient of the MGMA Harwick Innovation Award, has spent nearly two decades developing digital health solutions to help underserved populations. 🎙️Listen to or watch the full #MGMAInsights Podcast episode to hear how his innovative platform empowers patients to take control of their health: https://bit.ly/47V5XWr

It's time for another Data Analytics Tip of the Month with our expert Mike Gracz! This month, we're diving into financial performance and focusing on strategies to improve your practice's bottom line. Watch the full video: https://bit.ly/3ZOEDHo #dataanalytics

Health systems like yours are looking to diversify and strengthen their supply chains in the wake of the February ransomware attack on UnitedHealth Group’s Change Healthcare unit. "94% of hospitals reported some financial impact stemming from what the American Medical Association called 'the most significant and consequential cyberattack' on healthcare in the country's history." Five key lessons and best practices for healthcare cybersecurity from Fierce Healthcare: https://bit.ly/3zHKe7J

Trying to sum up today at the MGMA Leaders Conference. I mostly want to highlight Halee Fischer-Wright, President and CEO of MGMA. She has always been a female leader I looked up to early in my career as a physician and best selling author. I remember about 15 years ago when she welcomed me into her pediatric office when I worked at Children's Hospital Colorado and provided monthly lunch-and-learns for her practice. It was motivating to see her on stage today in her element talking about the challenges practices and physicians face everyday. She emphasized leveraging technology as an ally to drive growth and encouraged using tech and tools to boost productivity to better serve patients. It’s clear that the hot topics in practices are focused on VBC, AI, cybersecurity, and information blocking. What I took away, which we all know in this industry, is that physician burnout is real and a significant problem. We are all building solutions and tech to address various challenges, but it was clear that providers are being encouraged from leaders to embrace technology. The key message from leaders is to focus on leveraging technology to enhance how physicians connect with patients and achieve greater fulfillment. The vision of advancing healthcare today for a better tomorrow is one we all share, and it aligns with MGMA's core mission. #mgma2024

THANK YOU #MGMALeaders attendees! Your passion, thought leadership, collaboration and knowledge have made this conference a success. We deeply appreciate your contributions to continue improving the healthcare community. Another huge thank you to our sponsors, exhibitors and partners! Another year of making connections with attendees and bringing actionable insights and solutions to their organizations.

I attended the MGMA Leaders' conference this week in Denver and gave a presentation on the benefits and perks of the Career Center while I was there. Shout out to Jennifer Rapuano, Heather Laski, Allison Gault, MBA, CAE, Marc Spritzer, Amanda Jensen, Ashleigh Fleet, Matt Farr and the rest of the team for putting on a wonderful conference and experience!

That's a wrap! The 2024 Leaders Conference has officially concluded. We hope you enjoyed your time in our hometown and are leaving with great resources and insights to take back to your organizations. Safe travels! See you next year in Orlando, September 28-October 1. #MGMALeaders

Day 3, here we go! We're nearing the end of Leaders Conference and gearing up for another day of interactive sessions, connecting with our peers and fun activations in the Solution Center. Which sessions have left an impact on you so far? Tell us in the comments 👇 #MGMALeaders