We aim to educate residents and practicing physicians on the business of medicine.
The basic reason for doctors to understand billing practices is simple - this is how they get paid! Yet, this system is constantly changing both from the doctor's and patient's perspective. When doctors don't keep up, they miss out on compensation on their side and clarity from the patient's side.
MACRA is a new initiative passed by our federal government mandates that doctors across all specialties attest to doing something meaningful. This means that going forward a physician’s compensation will not be only tied to fee-for-service anymore, but it's going to be tied to the quality of work.
We've put together an edit of some of our previous videos to hammer home an important point that we have been emphasizing over and over : PHYSICIANS, NPs, AND PA's SHOULD NOT BE AFRAID TO ASK THEIR MEDICAL GROUPS ABOUT HOW AND WHY THEY ARE GETTING PAID WHAT THEY ARE GETTING PAID!
It's not commonly known, but all medical and surgical residents and fellows should be aware that getting that first perfect job out of training is not just a matter of medicine or location - it's a matter of business too!
PHYSICIANS: Does your medical group have a TIERED RVU system? In this video, we explain why all doctors paid on RVUs worked should make sure their medical group has a Tiered RVU system.
Doctors: Here's what you need to know about the RVU compensation system.