Objective, clear and sometimes alarming: The Strategy Portfolio

Data, facts and instruments on the German health system

What it’s all about

The Practice Management Comparison© analyses the entire management of a medical practice in a 360-degree view and prepares it, among other things, in the form of key performance indicators (KPIs).

The strategy portfolio in application

Achieving practice goals is not only based on work and motivation, but first and foremost on sound and appropriate practice management. But how can practice owners recognise whether they have created all the conditions to ensure a smoothly functioning practice even under changing pressures? As a rule, this is decided on the basis of gut feeling. However, it is better to assess the situation on the basis of objective reality data. The strategy portfolio of the Practice Management Comparison© fulfils these tasks in two ways:

on the one hand, by mirroring the practised management with the best practice standard, which represents all regulations that are necessary for optimal functionality of the practice operations,
on the other hand, by comparing the framework of action to be evaluated with that which is realised on average in the associated professional group.

The strategy portfolio shows at a glance where a GP or specialist practice stands with its management. The associated expertise describes what must be done in concrete terms in order to lead a position that is not target-adequate to the necessary optimum.

An example from practice

The owner of a cardiology practice is striving for a growth strategy. His practice management is optimally aligned for this if the practice management is above the specialist group average and at the same time above the 80% limit of the best practice reference. The position shown in the cover picture indicates that practice management performance is currently both lower than the specialty group average and below the best practice standard. The resulting expertise from the portfolio revealed just under sixty changes in practice management that could ensure the Optimal Condition.