Denver, CO (PRWEB) July 11, 2006
Dan Stech has been named Executive Director of Innovation for the Pinnacle Group, a Denver-based healthcare consulting, physician practice management and medical billing company.
Stech is a longtime Medical Group Management Association (MGMA) executive and national authority on physician practice benchmarking and best practices analysis.
As MGMA’s Director of Survey Operations for the past five years, Stech led the association’s efforts to improve physician practice performance through data collection and analysis. Under Stech’s leadership, the association enhanced its database of practice performance measures, expanded its line of analytical products and firmed up its position as the market leader in physician data resources.
Prior to heading MGMA’s survey department, he spent four years as director of consulting and two years in a government affairs capacity.
“I get to apply my MGMA experience in an entrepreneurial setting, with a company known for improving medical practice efficiencies and profitability,” said Stech. He noted that his knowledge is based on years of observing physician practices and studying health industry trends along with helping spearhead MGMA’s analysis of better-performing practices. “I understand the value of evidence based management. Before I make an assertion, I like to have defensible positions,” Stech noted. “Some business advisors do more harm than good by offering information that may look impressive, but doesn’t reflect their client’s situation at all.”
In making the announcement, Pinnacle Executive Director David White added, “I’ve admired Dan’s depth of knowledge and expertise since meeting him eight years ago. With the intellectual property developed at Pinnacle, the timing was right to bring him aboard. He will lead development of innovative healthcare tools and workbooks to assist healthcare providers across the country, touching all aspects of Pinnacle’s consulting, management and technology operations.”
Stech’s recent MGMA focus been, “to find what makes physician practices tick, probe behind their outcomes, and determine why some practices perform at significantly higher levels than their peers, despite similar challenges,” noted Stech. He will apply his library of best practices—covering such areas as staffing, ancillaries, best receivables systems, business planning processes and financial expectations—to enhance performance.
“Physicians know and respect MGMA because of its data. I want to help them apply data correctly with the vision of improving efficiency, profitability and quality. Appropriate use of data and adopting the right attitudes, behaviors and organizational competencies can help a physician’s practice reform critical processes and reduce overhead quickly,” said Stech.
“Primary care docs must see 30 patients a day to earn a decent living, and often can’t spend enough time with patients. By improving efficiency—using basic management principles, appropriate technology and innovative business development skills—they can strike a balance between a quality patient interaction and building a thriving and sustainable practice,” Stech emphasized.
Building on the best practices theme, Stech will help Pinnacle clients integrate new technologies, such as Electronic Medical Records (EMR) systems that can improve patient care and productivity.
“We can minimize both EMR costs and pain typically caused by the transition,” Stech noted. Pinnacle’s reseller partnership with MISYS enables physicians to purchase and implement practice management technologies (Billing and EMR) much more economically than in the past.
This, coupled with Stech’s knowledge of practice operations, “will enhance our recent investments in sales and support services to physician practices,” noted Chris Rehm, Executive Director of Pinnacle Physician Resource Group.
Medicine is in Stech’s blood. His father was a small-town doctor, his younger brother is a doctor, his older brother is a Certified Registered Nurse Anesthetist, and one sister is a medical assistant. “I just pursued the business rather than clinical side of medicine,” Stech said.
As a Congressional staffer and chief healthcare advisor in the nineties, he became well-versed in Medicare, reimbursement and regulatory policies providing much background about the state of healthcare today.
For more information, call Dan Stech at 303-390-1946, David White at 303-407-0526, or Mark Lusky at 303-321-2911.
The Pinnacle Group is a dynamic healthcare company with the expertise to assist Physicians, Hospitals, Non-Physician Providers and Healthcare Vendors with operational, planning and transactional support needs. The divisions of The Pinnacle Group provide expert resources to “Simplify the Business of Medicine.”