Fourth Annual Chicago Supportive Oncology Conference

Financial benchmarking: results from a survey of office-based oncology practices, part 2

John Akscin,1 Thomas R. Barr, MBA,2 and Elaine L. Towle, CMPE2

1 OTN, South San Francisco, CA, and 2 Oncology Metrics, llc, Fort Worth, TX

The Medicare Modernization Act (MMA 2003) introduced significant reimbursement changes to medical oncology practices. In response, practices have begun to evaluate and monitor practice finances more closely and to implement changes to improve practice efficiency. Benchmarking is an important tool for practices to use in this context, but benchmarking standards are difficult to identify. The authors present financial results from a 2006 survey of office-based oncology practices and provide tools for oncologists in all practices to use as they work to improve business processes.

Commun Oncol 2007;4:259–261   print e-mail full text 230 kb