Friday, March 14, 2008

PIEDMONT PHYSICIANS GROUP RECOGNIZED AS NATIONAL ‘BETTER PERFORMING PRACTICE’ FOR SIXTH CONSECUTIVE YEAR

For the sixth consecutive year, Piedmont Physicians Group has been named as a national top performing physician practice by the Medical Group Management Association (MGMA).

The Association's (MGMA) Performance and Practices of Successful Medical Groups: 2007 Report Based on 2006 Data identified Piedmont Physicians Group (PPG) as a “better performer.” Piedmont Physicians Group, a more than 80-member primary care physician group with 25 convenient locations throughout metro Atlanta, received the “best practices” honor due to its superior services, functions and processes compared to other medical group practices nationwide.

The MGMA report provides benchmarking data on better-performing medical groups and identifies the business practices and behaviors these groups employ to achieve success. PPG is among the top medical group practices in the U.S. in the area of accounts receivable and collections. PPG’s accounts receivable were less than the average 120 days of all the physician practices, and they excelled in charging competitive fees for services compared to the rest of the physician practices.

“We are pleased to be recognized as a better performing practice for the sixth year in a row,” said Berney Crane, CEO of Piedmont Medical Care Corporation, the administrative parent corporation of the Piedmont Physicians Group. “I commend all our physicians and staff for their exceptional work in achieving this honor, and I know we will continue to provide excellent care and service every day in all of our practices throughout metro Atlanta.”

The MGMA report, a benchmarking standard among medical groups for nearly a decade, was produced using data from respondents to the report as well as data from a questionnaire that assessed management behaviors, practices and procedures of better performers. The MGMA report profiles medical practices that have demonstrated success in one or more areas: profitability and cost management; productivity, capacity and staffing; accounts receivable and collections; patient satisfaction; and managed care operations.

MGMA surveys depend on voluntary participation and may not be representative of the industry. Readers are urged to review the entire survey report when making conclusions regarding trends or other observations.
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