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Using RVUs to Better Manage Your Employed Physician Practice

Using RVUs to Better Manage Your Employed Physician Practice

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Max Reiboldt and Justin Chamblee from Coker Group, Authors of the Book, RVUs at Work: Relative Value Units in the Medical Practice

The Relative Value Unit (RVU) system can be a powerful tool to help you manage your practice. When analyzing the many services you provide, the RVU system can help you compare one service to another in an objective, meaningful manner. In today's healthcare arena, the use of relative value units (RVUs) in employed physician compensation is rapidly on the rise. If tracked appropriately, the RVU system can be a powerful tool to better manage your practice. Join Max Reiboldt and Justin Chamblee for this practical session where they will provide insight to you on utilizing RVUs to improve your practice's performance.

Learning Objectives:
  • Comprehend the history of RVUs and how they are determined
  • Examine the utilization of RVUs -- comparing them to other payment systems
  • Explore the many benefits and advantages of using RVUs in the physician practice
  • Discover practical applications of RVUs, including tracking provider productivity using RVUs, analyzing cost using RVUs, and defining now RVUs are used in managed care contracts.
  • Meet Our Expert Speakers:

    Max Reiboldt is President and Chief Executive Officer of Coker Group and has led 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.

    Mr. Reiboldt provides sound financial and strategic solutions to hospitals, medical practices, health systems, and other healthcare entities through keen analysis and problem solving. Working with organizations of all sizes, Reiboldt engages in consulting projects with organizations nationwide. His expertise encompasses employee and physician employment and compensation, physician/hospital affiliation initiatives, business and strategic planning, mergers and acquisitions, practice operational assessments, ancillary services development, PHO/IPA/MSO development, practice appraisals, and negotiations for acquisitions and sales. He also performs financial analyses for health care entities as well as buy/sell agreements and planning arrangements for medical practices.

    Justin Chamblee, MAcc, CPA is a Senior Manager at Coker Group. He works with clients in a variety of strategic and financial areas, mainly dealing with physician compensation and hospital-physician transactions. This includes the development and redesign of physician compensation plans for private practices and hospital-employed settings, as well as providing guidance to hospitals, physicians and legal counsel as to the appropriateness of transactions between a hospital and a physician. Justin frequently speaks and has authored several books in cooperation with publishers such as Greenbranch Publishing, American Medical Association and HealthLeaders Media. He has a BBA in Accounting and a Master's of Accounting from Abilene Christian University and is licensed as a Certified Public Accountant in the State of Texas and is a member of the American Institute of Certified Public Accountants.

    Moderator: Nancy Collins, Publisher of The Journal of Medical Practice Management®