Fundamentals for using the wRVU in your comp plan
Work relative value units (wRVU) + practice ex-penses (PE) + malpractice expenses = Total RVUs. Although this Medicare formula, used to pay millions of providers, is a bone of contention for some because the values (and subsequent payments) are often lower than the cost for the provider to do the work, using the RVU as a productivity measure may work well. Using the RVU as a performance measure for your compensation plan can incentivize and motivate physicians to produce (and earn) more. How-ever, before you can effectively employ this type of comp plan, you need to understand what it means, in which setting it works best, and how to apply it.
- Anthem Blue Cross, 7 CA Health Systems Create New Challenger, Business Model
- EHR Systems 'Immature, Costly,' AMA Says
- Data Points to Boom in Private HIX
- Few Winners Among MSSP Participants
- Technology Lights Up Health Innovation Forum
- Interstate Medical Licensure Effort Advances
- Malnourishment 'Epidemic' Plagues Hospitals? Really?
- Hospitals and doctors fail patients by passing the buck on insurance rules
- How to Build a Health Plan from Scratch
- Better HCAHPS Scores Protect Revenue