Ophthalmology Practice Benchmarking & Financial Planning
Ophthalmology Practice Benchmarking, Productivity & Profitability
Keep a pulse on the financial health of your ophthalmology practice with the guidance of VMG Health’s eyecare practice management experts. Our consultants bring more than 168 years of combined experience in ophthalmology practice management and deliver tailored analyses to support your strategic decision-making. We assess your financial performance, productivity, and operational efficiency using key performance indicators and compare them to industry ophthalmology practice benchmarks, helping you identify opportunities for growth and improvement. Our services include:
- Customized eyecare revenue cycle management plans to enhance collections and streamline billing practices
- Assessments focused on cost containment, eyecare staff wage analysis, and right-sized staffing models for high performance
- Revenue enhancement strategies designed to optimize physician productivity and improve financial outcomes
Let VMG Health help you optimize your practice’s health and strengthen your bottom line with data-driven insights and proven tactics.
VMG Health’s ophthalmology experts are backed by data and partner with you to help your practice operate more profitably.
- Provider Productivity
We use provider collections, office visit numbers, surgical volumes, and relevant benchmarks to identify opportunities for maximizing productivity for each subspecialist within the practice.
- Operating Efficiency
Controlling costs without compromising care is essential to long-term success. Our experts analyze your expense structures across major categories, using industry benchmarks to uncover inefficiencies and provide actionable strategies to improve profitability.
- Staffing Levels
Analyze key performance indicators related to staffing efficiency to maximize resources and enhance the patient experience.
- Revenue Cycle Management
VMG Health evaluates the eyecare revenue cycle management and billing functions of your practice against industry benchmarks and standards, providing actionable insights to improve collections, reduce denials, and support long-term financial stability.
- Practice Budgeting & Forecasting
Our support is tailored to your specific needs—whether you’re seeking a straightforward budget review, need a new budget built from the ground up, or require forecasting to guide strategic decision-making.
- New Business Opportunities
Evaluate the feasibility of future initiatives, such as hiring new providers, opening additional locations, or launching new service lines with VMG Health’s data-driven insights and strategic guidance.
Ophthalmology Practice Benchmarking & Financial Planning Experts
Financial Planning & Benchmarking for Peak Ophthalmology Performance
Gain clarity on your financial health with VMG Health’s custom ophthalmology practice benchmarking and performance analysis tailored to your practice. Formerly BSM Consulting, our ophthalmology experts joined VMG Health in May 2023. Our commitment to supporting your eyecare practice is as strong as ever.
You can also find a variety of financial management tools available on Ophthalmology Connection (BSM Connection for Ophthalmology). If you are a member, log in here.
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