The RBRVS has become the industry standard for financial and statistical benchmarking for medical practices. Payers use it, CMS uses it, OIG uses it and so does just about everyone else looking to gain an upper hand on performing complex medical practice analyses. It is the most important tool in the toolbox. Used for everything from benchmarking to reengineering to process improvement strategies, knowing how to use it is no longer an option.
Why should you attend: In this session, you will go from the basics of understanding the difference between resource and cost-based relative value scales all the way through the process of developing a full-blown RBRVS analysis. You will learn about the different RVU components, how to make adjustments for your specific geographic area, techniques to calculate conversion factors, how to factor the data for modifiers and how to use that information to perform a cursory examination of your practice's overall health.
When this session is complete, attendees will be ready to develop their own RBRVS analysis and apply it to other practice models. Attendees will receive a complete tool box, including documentation, worksheets, templates, and everything else necessary to conduct a comprehensive RBRVS analysis of their practice.
Areas Covered in the Session: