RVUs at Work: Relative Value Units
in the Medical Practice, 2nd EDITION By Max Reiboldt CPA and Justin Chamblee MAcc, CPA

By Max Reiboldt, CPA, and Justin Chamblee, MAcc, CPA, from Coker Group

Sure, you’re busy.  But is your medical practice productive?

This book provides the latest information on RVUs and applies working knowledge to executives who are tasked with measuring various areas of productivity in the medical practice within the current healthcare landscape. Specific recommendations around physician productivity in the context of RVUs and the accountable care era are covered, including quality outcomes and allowable reimbursement.

Noteworthy Features for the 2nd Edition

Clear and easy to read -- written in layperson’s terms so practice administrators and physicians can immediately begin to implement an RVU approach.

New chapter on Legal Aspects of using RVUs for compensation – Real world scenarios for private practice, and hospital-employed physician settings.

Your 2014 and beyond blueprint -- how best to apply and use RVUs in the management and evaluation of provider performance.

Practical -- includes examples of how different real-world medical practices are using RVUs to cut costs, enhance efficiency, boost profitability, and assure quality of care.

Huge “upside” potential -- by applying the RVU approach, practice managers gain a consistent and impartial way to align how money is spent and how staff and providers use their time with the maximum benefits for both patients and the practice.

The book has an updated review of the key points of RVUs’ usage and relevance in an “accountable care era.” With that in mind, as healthcare is still in mostly a fee for volume reimbursement paradigm, the authors have updated the discussion of RVUs as it relates to more traditional usage in compensation plans and overall evaluation of provider performance.

This Second edition demonstrates how RVUs can provide supporting data for physician reimbursement, managing the practice effectively, and communicating with physicians to achieve improved performance in the accountable care era.

Readers will gain the following from the Second Edition of RVUs at Work:

1. Gain an overall understanding of RVUs including history and background
2. Learn how RVUs relate to productivity and how performance measurement of productivity can result; this will address the effect of a changing healthcare landscape
3. Consider RVUs within various compensation models and metrics of performance deriving compensation
4. Review and better understand the relationship of the Medicare system and RVUs including the changes that are led by CMS via its annual updates of RVU values; consider this in context of new ICD-10 coding regulations
5. Consider practical approaches to utilizing RVUs in practice management and creating viable tools for managing—both currently and applying strategies for the future
6. Consider key issues and flaws within the RVU processes
7. Review the future of RVUs within medical practices; review how accountable care and a changing reimbursement paradigm may change the usage and usefulness of RVUs
8. Updated review of how RVUs are derived and values updated from year to year.
9. Updated analyses and consideration of how RVUs will continue to be relevant in both a fee for volume and the oncoming fee for value reimbursement settings (and a combination of both)
10. How the measurement of physician productivity and reimbursement has changed relative to accountable care
11. Measuring and analyzing costs and expenses to ensure financial viability and still maintaining quality of care
12. Communicating effectively with physicians about productivity, performance and its relationship to allowable reimbursement and what to expect in the future as the healthcare landscape continues to evolve and change
13. By reading this book, the reader will continue to stay abreast of the changing healthcare landscape and be able to factor in those specific requirements that will affect productivity measurements and its relationship to reimbursement for delivery of physician services.

ABOUT THE AUTHORS: Max Reiboldt, CPA and Justin Chamblee, MAcc, CPA

Max Reiboldt, CPA, is President and Chief Executive Officer of Coker Group and has let the firm’s growth since the late 1990s to its position today as one of the leading healthcare consulting firms in the U.S. and abroad.  He is a prolific author and accomplished public speaker on healthcare management topics. Max Reiboldt provides sound financial and strategic solutions to hospitals, medical practices, health systems, and other healthcare entities through keen analysis and problem solving. As the industry adapts to changes in healthcare reform, Mr. Reiboldt provides expert hands-on consultation to organizations nationwide including “Accountable Care Era” consultation.

Justin Chamblee, MAcc, CPA, is Vice-President of Coker Group and provides consultation on a variety of strategic and financial areas, mainly dealing with physician compensation and hospital-physician transactions, valuations, appraisals, mergers and acquisition, pro formas, and expert witness testimonies. His strong background in accounting and financial analysis gives him insight into clients’ unique financial needs and goals in the accountable care era.