Free to COA members, COAnalyzer gives physicians and their management team access to real-time data on how they are performing and how their performance compares to peers, including 25th percentile, mean, median, 75th percentile and your practice’s exact percentile.
Benchmarking is a powerful way to understand how your practice is doing compared to other oncology practices nationwide. You will see where you are succeeding and also where there may be opportunities for improvement. Is your staffing level higher than most other practices? Are there ways you can improve revenue cycle management ? Can you see more patients? How do your operating expenses compare with others?
These questions can be answered by utilizing the power of COAnalyzer and the continual stream of learning and information sharing. Throughout the year, COA will provide newsletters and webinars to supplement the information contained in COAnalyzer and give you more indepth insights for running your practice.
Everything uploaded is CONFIDENTIAL and practices are never associated or identified with raw data – only aggregate results and highlights are returned.
Practices can enter as much, or as little, information as they choose into COAnalyzer and will be provided with reports in return. For example, if you input only your procedure counts for E&M CPT codes, you will see how your practice codes compare to others, number of patients seen and several other benchmarks related to just these inputs. You can also create your own dashboard to show the most important benchmarks for running your practice.
COAnalyzer: Bringing practices together.
In-house pharmacy dispensing is convenient for our patients, saving them a commute and delivering timely treatment that’s easy to coordinate and monitor. With COAnalyzer, we instantly understand how we compare to peers on key pharmacy metrics. Are our staffing levels appropriate? Is our utilization rate higher than average?
With COAnalyzer, we anticipate challenges that impact our pharmacy operations and can address them before they become problems. Our COAnalyzer results prompt conversations that help us improve.
Community oncology practices need to work together to boost performance and ultimately patient care and services. When you add data to COAnalyzer, you’ll learn how your organization stacks up against peers. The more data you add, the more you’ll see. Start small by adding information your practice is already tracking. When you add more over time, you’ll gain even more resources to take your performance to the next level.
Commit to constant learning and improvement that generates results. Add your data to COAnalyzer today and make every community oncology practice better.
COAnalyzer: Data to better serve patients
Knowing how our practice compares to others is key to ensuring we’re in a position to do the best for our patients. We want to ensure that we measure up to our peers, from knowing we’re spending the right amount to attract and retain the best staff to learning how our revenue and expenses compare with others. We are always looking for ways to make sure we’re measuring up.
COAnalyzer is a powerful, intuitive tool that provides reassurance through these helpful comparisons. When more practices participate, the data becomes more robust, which means we have better information to help us learn and improve. We’re grateful to have access to a tool designed specifically for community oncology practices.
If you’re a reluctant user, start small! COA is responsive and understanding of the needs of practices that use this data. If a specific data category isn’t included in the system, we start a dialogue with COA. The software evolves with our help and suggestions. COA talks with us about our intentions and goals to ensure that the software works best for us. With COAnalyzer, benchmarking is a two-way street.
Take time to add as much information about your practice as you can. COAnalyzer lets you and other COA-member practices reap the benefits of collective and intuitive benchmarking so we can all continue doing what we do best—caring for our patients.
COAnalyzer: Telling community oncology’s story.
Our clinical and pharmacy team at New England Cancer Specialists (NECS) is always thinking about our oral pharmacy capacities. Are we at par with other community oncology practices in New England, and across the country? In what areas can we improve? With COAnalyzer, we can answer these questions with the click of a button. It allows you to see what your practice is doing and how it compares. The breadth of information provided by the easy-to-use software is essential to our benchmarking processes.
COAnalyzer is valuable both inside and outside the walls of our clinic. Not only does the tool help us understand where we stand in comparison to others, but its national data bolsters our efforts to lobby against pharmacy benefit managers and their direct and indirect remuneration fees—one area where community oncology practices are held hostage. With this tabulated data in hand, community oncologists can speak to government officials with confidence about the harmful effects of bad policy.
Every practice should take advantage of the tools and information that COA and COAnalyzer provide. The more data that we put into the system, the more we can work together to support these essential efforts. Inputting data is an opportunity for practices to stand together to tell the story of community oncology—to patients, practices, and our Congressional leadership.