Radiologists and imaging administrators are usually interested in sources of management data. The Medical Group Management Association (MGMA) recently released its Cost Survey for Single-Specialty Practices: 2009 Report Based on 2008 data. The report provides a wide range of financial data from practices that can provide performance benchmarks — or better yet — help you develop your own. MGMA member practices tend to have quality professional management, which can translate to outstanding performance.

While you can’t take anyone else’s numbers and make them the gospel for how your practice should perform, seeing how successful practices function and thinking about how you might apply that to yours can be time well spent. As a sample of what the MGMA cost survey provides, here is its data on accounts receivable data from the new survey.

ar22