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Use lean cost accounting to examine your cost structure

Using the RBRVS, physician practices can employ a modified cost accounting methodology to examine their cost structure, enabling them to assess the sufficiency of their managed care reimbursement, says Frank D. Cohen, CMPA, senior analyst at MIT Solutions, Inc., in Clearwater, FL, and a speaker at the Medical Group Management Association’s 2008 annual conference, held in October in San Diego.

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