Showing posts with label statistics. Show all posts
Showing posts with label statistics. Show all posts

Monday, September 8, 2014

Predicting production

If you run a practice of any size, you want to find problem areas without extensive searching.  If you have a group practice with multiple offices (cheap book plug: advice on building such a practice by clicking here), you absolutely have to summarize results into a meaningful, easily digestible format.
Here’s one report that I’ve found is easy to create, extremely informative and in a compact enough format to keep you from digging through mountains of data.  It’s called the Predicted Production Report and does exactly that.  It predicts what production will be for a given month so that you can make decisions about marketing, staffing and scheduling.
Here’s how it works:

Monday, August 18, 2014

3 simple ways to improve the quality of your data

If you’ve read more than one post in this blog, you’ll notice that we stress the absolute importance of having quality, organized, data to give you a clear picture of your practice’s results and enable you to make informed decisions regarding changes that need to be made.
We have spent considerable energy discussing the output of statistics and analysis, but none of that will make a difference if the data entered do not make sense.  There’s the old expression: Garbage In, Garbage Out.  The implications of this are rather obvious.  If the data entered makes no sense, it’s difficult to impossible to make use of the statistics and summary of data.  Here are some tips to increase the quality of your input data to ensure the quality of the output: