LAS VEGAS – The Medical Group Management Association has developed a new online medical practice management simulation.
“Simulations are among the hottest things going in the medical community,” said William F. Jessee, MD, president and CEO of MGMA, as he introduced the tool Monday at the association’s annual conference here.
Jessee revealed that the online simulation exercise, called the Medical Practice Simulation, uses responsive-modeling computer technology based on historical data from MGMA survey reports. It compresses three years of administrative experience in a 12-physician primary-care practice into a five-week, Web-based experience.
Participants assume the role of a practice executive, and perform 10-15 tasks each week that are based on the Body of Knowledge for Medical Practice Management. Developed by the American College of Medical Practice Executives, the Body of Knowledge is an inventory of the competencies required for effective performance of a medical practice executive.
“Each week during this program, participants are faced with new challenges,” Jessee said. “They make decisions, lock in their choices, and can see the effects on the practice. They can’t undo those decisions, but they can try to mitigate them.”
Issues addressed in the Simulation include implementing an electronic health record system, modifying payer mix, and dealing with the effects of employee morale on productivity.
MGMA says that the Simulation is intended for professionals with experience in group practice management, hospital administrators who wish to move to group practice, and physicians who desire to improve their management skills. Participants will dedicate approximately five hours per week to the Simulation.
The cost of the Simulation is $595 for MGMA members, and $659 for nonmembers.
