A10 Spread™ - Practice Loss and Opportunity Assessment
The A10 Spread is the healthcare industry's only method for calculating performance gaps across all 10 economic drivers of physician practice in one tool. The process is based on gathering physician practice billing, payroll and financial data. Equation applies proprietary algorithms and industry benchmarks to the data, resulting in the calculated gaps.
See demo: A10spread.com
A10 MAP™ - Management Action Plan
With the gaps from the A10 Spread calculated, Equation works with the client on the A10 MAP (Management Action Plan) to identify 1) losses due to strategy, 2) losses offset with hospital revenue and 3) losses that are actual opportunities for operational improvement. The A10 MAP outlines the path for harvesting these revenue opportunities. Show Figure An opportunity matrix then spreads every dollar of the physician enterprise loss across the A10 factors by practice. Every dollar on the A10 opportunity matrix is supported with specific tasks and objectives at the practice or system level. Progress is tracked within the A10 MAP. Show Figure
Operational Re-Engineering™ – Practice Operations Improvement
Seasoned operational consultants lead this program and leverage analytics to pinpoint areas where gaps exist. They examine workflow, patient flow, medical record documentation and billing/collection methodologies to ensure operational efficiencies within the physician practice.
Productivity Portal™ – Physician Productivity and Compensation Analysis
Productivity Portal uses Equation’s scientific approach and data-driven models to analyze the relationship between production and compensation. Measuring physician Work RVUs, visits and revenue, this tool applies the metrics into the context of compensation.
Compensation Pathway™ – Physician Compensation Modeling
Equation’s proprietary data-driven methodology creates sophisticated models of physician compensation to outline how physicians can be paid at fair market value and at the ideal levels to economically incentivize the right behaviors.Show Figure
Practice Interim Management - Day-to-Day Operational Oversight
In the absence of full-time managers, hospital practices may witness increasing operational inefficiencies. Equation provides seasoned professionals in all aspects of physician practices. Armed with analytic tools and systematic approaches to practice management, Equation offers practices leadership and direction to support effective ongoing operations.
Acquisition Pathway™ – Practice Acquisition Planning
Equation gathers deep sets of data to assess the one-time value of the merger/acquisition. The process allows healthcare executives to determine whether the alignment is ideal.
Start-Up Pathway™ – Practice Start-Up Planning and Implementation
Starting a practice requires tremendous forethought and deep understanding of the steps required to succeed. This program provides on-site direction for initiating a practice. From entity creation to setting fee schedule, Equation provides the proven pathway to practice start-ups.
Physician Ramp-Up Pathway™ – Physician Productivity Forecasting Tool
This is a unique tool designed to help decision makers understand the production value of newly employed physicians and their practices. Physician Ramp-Up Pathway helps healthcare executives to accurately forecast new physician production as it relates to cost.
