Setting Prices That Stand Up to Review and Protect Revenue

Course Description:

Every insurance payor uses RBRVS to determine their fee schedules, whether you know it or not. Even though “RVUs” are a Medicare construct, they still have tremendous impact on pediatricians. How can you leverage RBRVS to set your prices fairly, accurately, and easily.

In this course, we will briefly review the history of RBRVS to give us a background of its original intent. We will then dig into the individual elements of each RVU - practice expense, physician work, and professional liability – and how they combine with the Geographic Practice Cost Index to create an RVU value for every CPT code. Finally, we’ll convert each CPT’s RVU value to an actual price, including a Medicare multiplier, so you have a clear and defendable pricing model.

If that sounds boring and academic, fear not. You’ll also be given directions to a free tool to help calculate your RVUs, pricing, and complete all kinds of easy analysis.

Learning Objectives:

Learn how every payor uses RBRVS to set their prices.
Understand why RBRVS is vital since 2021.
Learn how to update your prices.
Learn how to use RVUs to measure productivity.
Discuss how to price non-RVU procedures (labs, vaccines).
Understand each of the 3 elements that make up an RVU.
Understand how the Fed’s GPCI adjustment affects you.

Areas Covered in the Session:

Not having a formal pricing system will lead to lost revenue
There is a formal method that payors and health systems use to set pricing and measure productivity.
Even though RBRVS is Medicare driven, it still has significant impact on pediatricians.
Big changes happened in 2021 that pediatricians need to consider.
Every practice has holes in its pricing, this is the fastest way to find them.
Learn how to use a free tool to calculate your RVUs, pricing, and payments.
Compare yourself to other practices.
Live Q&A Session

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Suggested Attendees:

Independent Pediatric Practices
Independent Primary Care Practices
Physicians Who Want to Measure their Own Productivity
Billing Departments, External Billing Services
Practice Administrators and Office Managers
Revenue Cycle Management Teams
Pediatric Nurse Practitioners and Physician Assistants Involved in Coding and Billing
Compliance Officers and Financial Managers in Healthcare Practices
Consultants Who Advise Medical Practices on Operations and Pricing
Medical Group Executives and Decision-Makers Evaluating Fee Schedules
Health IT Staff Supporting Billing and Reporting Tools
Medical Students, Residents, and Fellows Interested in Practice Management Basics

About the Presenter:

Chip Hart is the Director of PCC's Pediatric Solutions team and author of the popular blog Confessions of a Pediatric Practice Consultant (pedsource .com/ chipsblog). Chip's three decades of pediatric practice management expertise has helped hundreds of pediatricians increase their financial and financial health.

As a dynamic and motivating speaker, Chip leads educational seminars and consults for pediatric professionals nationwide for organizations such as the AAP, state chapter AAP programs, Pediatric Management Institute, Pediatric CEO, and various physican and hospital organizations around the country. You are most likely to recognize him from the Pediatric COVID webinars he did with Paul Vanchiere.

Additional Information:

After Registration: You will receive an email with login information and handouts (presentation slides) that you can print and share with all participants at your location.

System Requirement:

Internet Speed: Preferably above 1 MBPS
Headset: Any decent headset and microphone which can be used to talk and hear clearly

Live Course Cancellation Policy: If for any reason Skillacquire need to cancel this program, Skillacquire will notify participants by email of the cancellation no less than 24 hours prior to the expected start time.

Can’t Listen Live?

No problem. You can get access to an On-Demand webinar. Use it as a training tool at your convenience. For more information, you can reach out to the below contact:
Toll-Free No: 1-302-444-0162
Email: care@skillacquire.com

Snippet From Our Previous Session:

FAQ:

Live Access:
- For individuals who want real-time participation.
On-Demand Recording:
- Best for flexibility and learning at convenience.
- Forever access with unlimited views and resources.
Flash Drive + Replay:
- Physical flash drive with full webinar recording.
- Ownership with bonus forever digital replay access.
Live + On-Demand Bundle:
- Covers both live interaction and future reference.
- Includes live session participation and forever on-demand access.
Live + Flash Drive + Replay:
- Physical flash drive with full webinar recording.
- Permanent ownership, with bonus forever digital replay access.
- Includes live session participation for real-time engagement.
E-book Format:
- Comprehensive written guide with power point slides and visual references.
- E-Book will be sent after the Live Session is done.
- Ideal for learners who prefer reading over watching videos.
Corporate/Team Access:
- Ideal for teams (up to 10 members) looking for a shared experience.
- Live or on-demand access with team dashboard and group certificates.

Testimonials:

"This program on HIPAA did a great job providing actionable concepts in a way that updated our team and me, I now know how I will implement the concepts because I already did it in their online seminar, it was easy to ask questions from the speaker at the end of my 60 minutes course"

Melissa Preston, Health Information Management Staff

"David Vaughn covered the material completely and I have a new understanding of when, where and why we need to use an ABN"

Sandie Fowler, Out of Network Billing Staff

"Great presentation. Able to do during the day. Timing was great"

Tina Duffy, Compliance Officer

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