Synopsis
The third edition of this perennial bestseller from MGMA is filled with examples, calculations and spreadsheets, and is the single-best source for information on applying RVUs in medical practices. Relative value units (RVUs), based on Medicare s Resource-Based Relative Value Scale (RBRVS), have proven to be the most popular tool for measuring key elements of medical practices fundamental activities, such as physician productivity and procedure costs. Using RVUs as a basis for measuring what your practice produces and how much it costs affords greater confidence when making decisions regarding physician compensation, new service lines, payer contract negotiation and more. What's New in the 3rd Edition Using updated models to determine physician compensation Compliance risk analysis using RBRVS RBRVS-based cost accounting from a lean perspective Advanced statistical analysis Find in-depth knowledge on RVU applications, including: Tracking physician productivity Determining practice visit trends Conducting cost analyses and allocation Developing fee schedule Negotiating managed care contracts
About the Author
Frank Cohen, MBB, MPA Cohen is the principal and senior analyst for The Frank Cohen Group, LLC, and a certified Master Black Belt in Lean Six Sigma. As a consultant and researcher, his areas of expertise include data mining, predictive analytics, applied statistics, process improvement, and evidence-based decision support. Cohen is the author of several books and has participated in and published numerous articles and studies. He has trained thousands of physicians, administrators, CPAs, and other healthcare professionals in all areas of healthcare analytics. His experience includes eight years as a physician s assistant in the Navy and as a civilian, clinic administrator, and hospital CEO. His clients include hospitals, large and small medical practices, medical and professional associations, legal and accounting professionals, government agencies, and other healthcare professionals.
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