This lesson on RVUs from The Financial Blueprint Seminar covers the following key topics: - What is an RVU? - RVUs vs. Work RVUs - How RVUs are calculated. - How RVUs translate to payment (for employed vs. independent docs) - Flaws with the traditional RVU Model - Tiered-RVUs and why your group needs this system

There was one common thread I noticed in my years as a medical student, then a medical resident, then an employed physician, and finally an independent doctor running my own private practice: most doctors don't understand the business of medicine.

Medical group administrators would rather you don't ask questions about their RVU system - because a lot of times they benefit from it more than you might realize.

Physicians often miss out on reimbursement by UNDER-CODING for services they are already performing!

Physicians are NOT responsible for the overspending in healthcare! Yet, why are we often blamed for this?

Physicians (and all healthcare professionals) need to understand the financial side of medicine, not only for their sake, but for their patients as well. We at Reimbursement Rx are often questioned (and critiqued!) about providing and supporting business & financial education for physicians, however, this education is not just about the physicians.

Physicians are taught to look at medical data to make important decisions, but unfortunately when it comes to financial data, we often miss the mark! A deeper dive into the data around healthcare expenditures in the U.S. reveals that physicians don't make as much as we might think.

Medicine is COMPLICATED, yet the latest Medicare proposal would remove increased compensation for complicated patients. ------------------------------------ We urge all physicians to discuss this new change with their local AMA chapter and comment on the CMS website: https://www.regulations.gov/docket?D=CMS-2018-0076.

"I don't even take Medicare so it doesn't affect me." It's a common misconception that Medicare changes only affect those doctors who take Medicare, but this is not true! The entire commercial health insurance world follows whatever Medicare does, so if Medicare passes this new proposal to remove different compensation for different levels of service, commercial carriers will follow!

The long-held attitude among physicians to keep their rates quiet is what is allowing them to be taken advantage of by medical group administrators and insurance companies

We're told that young doctors coming out of residency DON'T want to start a private practice. Is this true? And does private practice still have a place in medicine?

Healthcare costs keep rising and rising in the U.S. - but doctors are NOT getting richer! Although physicians might be blamed for rising healthcare costs in the US, rising healthcare costs often have nothing to do with the actual medical service physicians provide.

Patient satisfaction scores are supposed to lead to better medical care and bonuses for good work - but all they really do is frustrate physicians.

Here's what all physicians need to know about the latest proposed changes to Medicare.

In this weeks update from Reimbursement Rx, we tackle one of our most popular questions - What is the most important thing doctors need to know when signing their contracts? We also delve into the topic of healthcare spending, discussing what Amazon and Indian Surgeons show us about reducing healthcare costs but keeping quality of care consistent.

What should physicians ASK for when negotiating their employment contracts? Well, anything they want! Physicians are in high demand - take advantage of it!

Are pharmaceutical companies PAYING doctors to prescribe certain drugs?