Relative value units (“RVUs”) are important because:
- Almost all payors base their reimbursement on a systematic multiple of RVU values
- RVUs can be used to measure physician productivity
- There are no other credible ways to measure your practice’s performance
- You can make more money if you understand and monitor RVUs
Medical practices leave hundreds of millions of dollars uncollected annually for a variety of reasons including procedures performed but not billed, denied claims not appealed, (or worse, not managed), and making sure payors are complying with their contracts.
Measuring anything requires a standard metric. Without RVUs, you do not have a standard metric for many types of measurements.