The total RVU is determined by totaling how much money has been paid by an insurer and dividing that number by the relative value units performed. Commonly, RVUs are used to measure physician productivity, but they can be used to compare payors, according to the report.
Payor contracts and payment formulas vary greatly, so the RVU can be an indicator of whether or not your practice is getting paid at an appropriate market rate for a certain procedure.
Having such data can make a crucial difference at the negotiating table, the report said.
More Articles on Coding, Billing and Collections:
4 Tips for Helping Physicians Embrace ICD-10
Health Data Vision Raises $2.8M for Billing, Coding Software Development
Evaluate ICD-10 Transition Plans to Account for Vendors, Payors
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
