Do You Understand RVUs? And Other Important Questions We’re Answering

April 23rd, 2012 by Joann Doan

Join expert Sara Larch for an explanation of how RVUs are calculated and how to use them to improve your practice's bottom lineRVUs: Three little letters representing a subject that many practice staff do not understand, and yet they heavily impact how the practice is paid. “RVU” stands for Relative Value Unit; under the Resource-Based Relative Value System, Medicare assigns a Relative Value Unit (RVU) to each procedure code in order to estimate the relative complexity of one procedure to another.

Did you know that when you build your standard fee schedule in Kareo, you can load in the RVU for each procedure code as set by Medicare? And why is this important? Because many practices now take advantage of the relative value scale as a way of more accurately measuring the productivity of physicians.

But if you don’t understand how RVUs are calculated and used, you won’t be able to use this feature in Kareo—or to understand how to effectively evaluate your payers, as Frank Cohen explained in our webinar last week in “Getting Paid Accurately: What the National Health Insurer Report Card Means to Your Practice and How You Get Paid.” In this extremely valuable webinar, Frank explained the importance of evaluating your payers using various factor, including RVUs, that give you the best picture of the payers’ true value to your practice.

In our upcoming webinar, “Using RVUs to Improve Your Bottom Line,” expert author and practice management expert Sara Larch, MSHA, FACMPE, will give you an overview of why RVUs are important to your practice and how to use them to improve the medical practice’s profitability.

Attendees in this webinar will learn:

  • How RVUs are calculated
  • Why using RVUs improves the quality of your analysis
  • How to use RVUs in reimbursement analysis
  • “Best Practices” in RVU benchmarking

Sara Larch, MSHA, FACMPE, principal, Business of Medicine and co-author of “The Physician Billing Process: 12 Potholes to Avoid in the Road to Getting Paid,” will describe key methods for managing RVUs to improve your bottom line.

For more information on RVUs and their importance to your practice, read “Understanding the RVU in Practice Management: Getting the Most Out of Using It in Your Practice,” a very popular post on our blog.

Then register for Using RVUs to Improve Your Bottom Line to understand how to utilize this important tool to increase your practice profitability.

3 Comments | Filed in Events, Features

3 Comments »

    Anne Anderson said:

    Hi Kathy, I just discovered your website and really love your articles here. I’ve been in the medical billing field for 12 years and really enjoy what I do. I haven’t done a thorough search of your site yet but am going to check out your software. I’m assuming that your company is ready for the big ICD-9 to ICD-10 switch? Does your maintenance contract cover the changes? Thanks!

    Monday, April 23, 2012 - 1:16 pm

    Kathy McCoy said:

    Hi, Anne! Thanks for reading our blog. We are in process with preparation for ICD-10 and expect it to go smoothly, as did our switch to 5010. And just as with the 5010 change, these types of updates are provided free in our regular updates that are issued every 6-8 weeks. Our users love the free updates with new features and upgrades; one user told us, “It’s just like Christmas.” We hope you will give Kareo a try, and continue reading our blog!

    Monday, April 23, 2012 - 1:29 pm

    Physician Productivity Measures Should Include More Than Just RVUs | Kareo said:

    [...] Do You Understand RVUs? And Other Important Questions We’re Answering [...]

    Monday, August 13, 2012 - 5:35 pm

Add Your Comment

About This Blog

Welcome to Building Kareo, a weblog by the team at Kareo about our products, our partners & competitors, medical billing, healthcare information technology, and much more.

Subscribe

Enter your address to receive e-mail updates: