Fiscal benchmarking workshop—data from FY 2011, AAPOS Socioeconomic Committee

Abstract

Purpose/RelevanceThe purpose of this presentation is to present financial data gathered by a survey of AAPOS members. This will be the third consecutive year that key metrics for a successful pediatric ophthalmology practice have been evaluated and discussed. Each year, the survey continues to be refined and new metrics added.Target AudienceThe target audience is pediatric ophthalmologists and their practice.Current PracticeFinancial benchmarks have not been available for pediatric ophthalmology until the advent of the SEC Fiscal Benchmarks Project in 2010.Best PracticeThe ongoing survey discussed at this workshop allows AAPOS members to establish norms specific to pediatric ophthalmology, thus enabling participants to identify potential problem areas in their practice, whether private or academic.Expected OutcomesAt the conclusion of the session, the attendees will be able to understand key financial metrics in their practices and have norms available for comparison. Additionally, they will gain a better understanding of how practice patterns can be modified to enhance practice profitability.FormatDidactic lecture/open question and answer forum.SummaryThe data from the just completed FY 2011 survey will be presented. This information will be discussed, allowing questions from the audience. A short didactic session will follow. Purpose/RelevanceThe purpose of this presentation is to present financial data gathered by a survey of AAPOS members. This will be the third consecutive year that key metrics for a successful pediatric ophthalmology practice have been evaluated and discussed. Each year, the survey continues to be refined and new metrics added. The purpose of this presentation is to present financial data gathered by a survey of AAPOS members. This will be the third consecutive year that key metrics for a successful pediatric ophthalmology practice have been evaluated and discussed. Each year, the survey continues to be refined and new metrics added. Target AudienceThe target audience is pediatric ophthalmologists and their practice. The target audience is pediatric ophthalmologists and their practice. Current PracticeFinancial benchmarks have not been available for pediatric ophthalmology until the advent of the SEC Fiscal Benchmarks Project in 2010. Financial benchmarks have not been available for pediatric ophthalmology until the advent of the SEC Fiscal Benchmarks Project in 2010. Best PracticeThe ongoing survey discussed at this workshop allows AAPOS members to establish norms specific to pediatric ophthalmology, thus enabling participants to identify potential problem areas in their practice, whether private or academic. The ongoing survey discussed at this workshop allows AAPOS members to establish norms specific to pediatric ophthalmology, thus enabling participants to identify potential problem areas in their practice, whether private or academic. Expected OutcomesAt the conclusion of the session, the attendees will be able to understand key financial metrics in their practices and have norms available for comparison. Additionally, they will gain a better understanding of how practice patterns can be modified to enhance practice profitability. At the conclusion of the session, the attendees will be able to understand key financial metrics in their practices and have norms available for comparison. Additionally, they will gain a better understanding of how practice patterns can be modified to enhance practice profitability. FormatDidactic lecture/open question and answer forum. Didactic lecture/open question and answer forum. SummaryThe data from the just completed FY 2011 survey will be presented. This information will be discussed, allowing questions from the audience. A short didactic session will follow. The data from the just completed FY 2011 survey will be presented. This information will be discussed, allowing questions from the audience. A short didactic session will follow.