Sure, you’re busy. But is your medical practice productive? Many medical practices judge productivity by charges, receipts, collections or the number of encounters. Fees, however, can differ from payer to payer. Plus, a practitioner can see 25-35 patients a day and still not be "productive" in terms of what those encounters actually contribute to the bottom line.
For medical practices today, there's a far better way to measure productivity - and benchmark performance year-to-year and practitioner-to-practitioner: Relative Value Units (RVUs), the measurements originally developed to standardize Medicare payments.
Now, in the book RVUs at Work: Relative Value Units in the Medical Practice, experts from Coker Group - a leading healthcare consulting firm - give practice administrators and physicians step-by-step guidance on how to use RVUs to gain profitable new control over physician productivity, costs and expenses, operating margins, resource allocation, compensation and even managed-care contract negotiations.