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Explain the following term/acronym: MGMA

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Final answer:

MGMA refers to the Medical Group Management Association, which offers resources and data for healthcare management professionals.

Step-by-step explanation:

The term MGMA stands for the Medical Group Management Association. It is a professional organization in the United States that provides education, networking, and resources for medical practice administrators and healthcare executives. MGMA is well-known for its benchmarks and surveys, which provide valuable data on compensation, operational efficiency, revenue cycles, and other key performance indicators for healthcare practices. These insights assist practice managers and healthcare executives in making informed decisions to improve the operational and financial performance of their organizations.

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