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EW SHOW DAILY
2018 ASCRS•ASOA Annual Meeting, Washington, D.C.
Visit the ASOA Networking
Lounge on Level 2, 206, or join the
Benchmarking/ASOAnalytics Round-
table discussion today at 11:00 a.m.,
Level 2, 201, for more information.
Learn how to use benchmarking
to improve your practice's bottom
line plus get a bonus sneak peek at
some ASOAnalytics data by attend-
ing the educational session "Who
Wants to Be a Millionaire: Bench-
marking to Turn Your Data into
Dollars," tomorrow at 1:30 p.m.,
Level 2, 207B.
Visit www.ASOAnalytics.com
and learn why ASOAnalytics is
soon to be the most comprehensive
benchmarking tool available for
ophthalmic practices. EW
B
enchmarking is the
most effective means for
keeping practice owners
informed about practice
health. It also provides
practice administrators, CEO/CFOs,
and managers with the necessary
data they need to inform decisions
that can increase efficiency, produc-
tivity, and ultimately the bottom
line. But that data needs to be spe-
cific to ophthalmology and provide
an apples-to-apples comparison to
practices of similar kind, size, and
marketplace.
That's exactly why ASOAnalytics
—an online benchmarking tool de-
signed by ASOA in conjunction with
BSM Consulting—was developed.
Almost 500 practices have contrib-
uted data by participating in at least
one survey since ASOAnalytics was
launched in May 2016.
Think of ASOAnalytics as your
practice's benchmarking database.
It enables users to gather practice
data on a variety of key performance
areas, review practice performance
compared to industry benchmarks,
evaluate internal processes, analyze
trends, and more. By participating
in ASOAnalytics surveys, practices
get directional and actionable data
including:
• Practice Demographics
• Productivity of Staff and Providers
• Compensation and Benefits: Clini-
cal and Non-Clinical Positions
• Revenue Cycle Management
• Operating Efficiency
• Provider Compensation
• Optical
ASOA members can participate
free of charge in two surveys for
each reporting year, Practice Demo-
graphics and Provider Productivity.
A $250 annual subscription pro-
vides full access to all subsequent
surveys and corresponding reports
and benchmarks. Subscribers get
access to the educational opportuni-
ties within ASOAnalytics including
tutorials, webinars, podcasts, and an
article library to help interpret the
data.
"I am impressed with how
much information I've gleaned over
the last year using ASOAnalytics,"
said Debbie Davis, practice adminis-
trator, Atwal Eye Care, Buffalo, New
York, and ASOA vice president. "The
reports let me show my physicians
how they compare to others and
help me determine the right patient
mix to maximize our practice's
potential."
Benchmarking for
ophthalmology practices
