Improve your practice
Benchmarking is a powerful tool allowing you to compare your practice against others of the same size, offering insight into the performance of competing business within the same industry.
Fine the key to productivity
Staff are the most important resource in any practice but also the hardest to manage. Getting staff levels and productivity right can make a huge difference to your bottom line results.
With Australian Medical Benchmarks, you get access to all the data you need to make those crucial staffing decisions, from establishing the optimum number of Full Time Equivalents to the most effective rostering.
Give you a competitive edge
Australian Medical Benchmarks can give you the competitive edge by providing a tangible
measurement of your practice compared to other practices of a similar size both locally and nationally. This gives you an important edge in negotiations and delivering a better final outcome.
Find new doctors
Benchmarking is an excellent tool for demonstrating to prospective doctors that yours is indeed a high performing, high quality practice. If it’s a choice between two similar practices, one that meets or exceeds Australian Medical Benchmarks standards and one that doesn’t, the decision is an easy one to make.
Identify your strengths and weaknesses
Australian Medical Benchmarks can assist your practice in identifying areas of strength, assisting you in planning for success. The program will measure a number of Key Performance Indicators which are specific to your practice, focusing on resourcing, profitability and performance.
Buy or sell a practice
The single biggest issue for any doctor when buying or selling a practice is to establish its true value.
While the value of the physical premises and equipment is pretty straightforward to ascertain, putting a value on more intangible things like goodwill can be tricky. Australian Medical Benchmarks will provide you with a comprehensive evaluation of your practice, giving you a better understanding of your overall value.
Easy to use
Detailed reports outlining all
aspects of your practice
Gives you the upper hand
in comparision to other
practices of the same size
Identifies your strengths
Allows you to track your
practice performance over a
three month period (or longer)
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