Doctor Pay: RVUs Determine Income
Vložit
- čas přidán 1. 08. 2024
- Doctor Pay is Largely Based on Work RVUs (wRVUs), which Stands for Relative Value Units.
wRVUs Are Captured by Billing CPT Codes.
A 20-Min New Patient Office Visit is 0.93 wRVUs
A Colonoscopy with Biopsy is 3.56 wRVUs.
A Gastroentrologist in the Top 75th Percentile of RVUs Will Bill 10,500 wRVUs per Year and Earn Approximately $712,000.
Doctor Specialties Ranked by Annual wRVUs:
1. Cardiothoracic Surgeons: 9,822
2. Neurosurgeons: 9,333
3. Radiologists: 8,862
4. Ophthalmologists: 8,438
5. Orthopedic Surgeons: 8,009
And Waaaaaay Down the List...
Primary Care Physicians (PCPs): 4,900
However, Specialists and PCPs Work Approximately the SAME Number of Hours Per Week.
How Can PCP wRVUs Be So Much Lower If They Work the Same Number of Hours?
Answer: Most of the Care Coordination Work that PCPs Perform is Not Reimbursed by Commercial Insurance Carriers.
**How Doctors Are Paid Video: • How Are Doctors Paid? ...
**How RVUs Work Video: • How Doctor Relative Va...
Sources:
www.veralon.com/articles/phys...
physiciansthrive.com/physicia...
www.chartspan.com/blog/the-to...
www.horizonblue.com/providers...
static.cigna.com/assets/chcp/...
www.bluecrossnc.com/sites/def...
anthempc-attachments-prod.s3-...
resources.nejmcareercenter.or....
www.aafp.org/journals/fpm/blo...
gastro.org/wp-content/uploads...
www.staffcare.com/locum-tenen...
AHealthcareZ is 200+ Healthcare Finance Educational Videos.
💥 BOOK: Check out Dr. Bricker’s Book 16 Lessons in the Business of Healing here: www.ahealthcarez.com/healthca...
AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health.
90,000+ Views Per Month Across All Platforms.
Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter.
Excellent video for knowledge! Thank you so much for sharing the info.
Thank you for watching and for your feedback.
Eric - thank you for another great video - once again - if people actually knew some of this stuff BEFORE they went to medical school - they may opt for another career path
Thank you for watching and for your comment.
Agreed. Very important to go into medicine eyes wide open.
Doctor awesome video!! Did you already do the video for the controversies surrounding radiology RVUs? Also back at Compass when we did bill reviews, I thought practices and physicians income were paid based on claims submitted? How are RVUs applied to this income? Do the physicians get allocated a chunk of the business’s total income?
Thank you, great video
Thank you for watching!
Simple solution, dont refill prescription unless the patient comes in for a visit.
Many doctors do that. Thank you for watching.
Great video! As an endocrinologist, I would love if you would connect endocrinologists and PCP’s as we are paid in the same way. Many would assume we are paid like specialists given that we are indeed specialists; however we use the same coding as PCP’s and are paid similarly often less due to high patient complexity thus lower volume and fewer procedures.
Thank you for sharing your perspective.
Great video!
Thank you for your feedback.
Many go into specialties because they want to deal with more challenging medical problems. Also, specialists spend 3+ years in additional training and 150K+ in additional loans, so why would they do it if their compensation does not reflect it?
Thank you for watching and sharing your perspective.
Nice education session again Dr Bricker this time on a broken MD work incentives system that slowly employers are becoming aware of and pushing back on. Next could be patients and families who are on HD health insurance plans that are financially painful now - they deserve a strong PCP system? The other point is that the CPT system is run by the American Medical Association and their aligned national MD specialist organizations. I agree with your "what to do?" and hope near, onsite, virtual, and direct PCP innovations take off as it is a quicker path to change than the political one to create an organization in US healthcare like the Federal Reserve that is a central, independent authority in US Financial Services to run the billing code system without financial conflict of interest as with the AMA.
Thank you for your thoughtful comment.
I think I wouldn't call this "doctor pay", but instead doctor generated revenue, since much of that 'revenue' also goes to paying expenses for private practice owners or in some scenarios to defray costs within a multi-doctor or multi-discipline practice.
Thank you for watching and sharing your thoughts.
Private equity firms love changing the field bc insurance carriers are smothering independent docs so those docs are looking for a bail out
True. Thank you for watching.
This is extremely beneficial, thank you for posting this. How did you get the $68 workers rvu compensation for GI doctor?
I am a graduating pain management fellow. Could you tell me what the compensation per RVU would be for a pain management physician?
This tells me a lot about why my PCP & Dermatologist is not interested in finding out the root cause of my problems......and Derma is far more interested in patient cycling.
My PCP is probably overloaded with work/not getting paid/and not only looks tired and burned out, but actually is.
Wonder how many deaths/missed diagnoses/mis diagnoses/and just don't care because the patient is 90 YO and not going to live much longer anyway........Yes, very interesting stuff.....
Thank you for watching and for your comment.
All the more reasons why, as a family medicine resident, i hate insurance companies. So much.
Thank you for sharing your thoughts.
Also it would be great if some of these things were actually taught in residency.
In my country we are debating a legislation on pay increase for people in the hc system a big problem is comparing salaries between specialties
Let's take your example, should we try and equalise pay between that gastro and the pcp? No for many reasons I won't go into
On the other hand comparing the needs of a pcp with their pay seems more applicable, a pcp needs to pay off education debt, earn money for higher education and earn money to afford a house
This works for a basic salary but when I heard about value based healthcare and incentives to actually achieve healthcare goals I needed to know more
This is why am here to know in detail how a value based system would work
Thank you for your comment.
Care Coordination, and everything that is involved with this process deserves a video(s) to themselves. As an RN Certified Case Manager that has worked at the Government and Plan level, the Mid Level for the Management Service Organization MSO's and IPA. plus working directly with PCP and Specialist. The honest truth is MOST Physicians and Administrators running their practices are NOT aware of the way the US Healthcare Payer system works and does not look at the Shared Risk Contract Agreements and Delegation of Services.
CMS requires "Continuum of Care" and this responsibility is often neglected by one of the above payers or shared risk organizations. This is why patients/people are falling through the cracks and this system needs to be disrupted. I suggest a virtual first comprehensive screening and engagement system that promotes preventive screening and digitally supported Clinical Care Management Programs. Perhaps a micro approach to VBC that is lead by the Practices and not watered down by the Plans. Just a thought.
Super comment. Thank you for watching and for sharing your thoughts.
Let me play Devil's advocate for a minute: Some of the specialists' procedures (e.g., a stent placement by a cardiologist) are obviously more invasive, requiring more skilled post-op recovery care from many different departments (e.g., cardiac rehab), and involve much more skilled healthcare staff to pull off than just the doctor, compared to a lot of the primary care physician interventions (e.g., a sports physical done by a pediatrician). Why should hospital systems not give more RVUs to more specialized interventions to offset the system's costs in organizing and providing all the labor & equipment resources for that care?
Open to multiple points-of-view. Thank you for watching!
Terrific video. Thank you for spending the time to explain and break down this issue. I am a RN working in a hospital. I was wondering Dr. Bricker, in your opinion, why haven't RVUs spread to nursing cares or more broadly why hasn't the federal gov't tried to model CPT billing to capture nursing cares so that nursing, from a financial perspective, is approached by a hospital less as an expense on the hospital budget and instead harnessed as another possible source of revenue? Anyways, thanks again for your videos.
Great question. I do not know why. Appreciate you watching and leaving a comment.
Nursing services are billed as part of LOS cost for inpatients. Nurses are an expense (resource) of the organization and do not bill for direct reimbursement.
9:02 This is all a tactic to ensure you get sick to increase their revenue.
Thank you for sharing your thoughts.
I'm a pain management NP. I have a base salary or $35 per wRVU. I have done some math and based on my reports they are wrong wRVU wise. Does a 99214 still equate to 1.92 wRVU for mid-levels or is it lower?
Yes, looks like that’s what it is.
Interesting
Thank you for watching and for your feedback.
This is terrible. I'm guessing this why people choose the specialist route over a PCP.
I mean I'm sure doctors are dedicated to their career, but on the other hand, everyone wants to adequately compensated for what they do.
#True. It really is bad. Thank you for watching and for your comment.
Very true. Physicians should be well compensated for their work.
Two comments/questions for you. First, why the hell are radiologists so high? The others, I can understand. But with the exception of interventional radiologists, they don't really even see patients, right? That could be a subject for another video. Second, commercial insurance also doesn't pay for patient education itself. And yet so many diseases require it, not to mention just knowing stuff in general.
Great comments. Radiology high because they can read films and bill for them very quickly. Some of the Smartest people in med school go into radiology because it is so lucrative.
Thank you for watching!!
I’m gonna answer that video at the end of the question haha
🤦♂️
? ???????
Rvu- worst invention in medicine
True. Thank you for watching and for your comment.
@@ahealthcarez Guess where the RVU idea came from! This darned thing is more pernicious than COVID