AECP continually pursues and develops innovative, best practice operational, financial, and provider productivity management tools and reporting. The information provided is produced by the practicing professionals from AECP.
Since the dawn of the medical group practice, physician leaders and practice administrators have leaned on financial accounting data for most strategically and managerially important practice performance decisions. The reason why is unassailable; business success is quantified in terms of dollars and cents. The main challenge of relying on accounting data alone for critical decision-making is the conventions and logic of financial accounting and reporting, while useful and required, are not always sufficient. The reason is accounting conventions and reporting can leave a knowledge gulf between results and rational decision-making. Managerial decisions based upon financial accounting results alone require interpretation, interpolation, judgment, and wide tolerances for decision risk.Read more →
The effects of the COVID-19 revealed vulnerabilities with the structures and business models of independent medical practices. This issue of Focal Point provides a summary examination.Read more →
The leadership culture of organizations drives performance. A comprehensive eye care practice evaluates it’s leadership culture annually. This AECP Case Study demonstrates the application of results.Read more →
Culture in organizations is manageable and can be led with intention. Culture is the leaders’ choice.Read more →
This learning module discusses important data points for tracking the performance of a practice.Read more →
A discussion on how the sale of a practice can change the way physicians view and perform their roles in an organization.Read more →
Physician burnout is receiving increasing attention within the profession. The incidence and prevalence appear to be increasing within and across clinical specialties and types of practices. An underlying framework remains largely unattended and unexplained, leaving physician leaders lacking a sound theoretical framework from which they may observe, examine, analyze and approach the problem. Published with the permission of the Physician Leadership Journal.Read more →