More and more, Relative Value Units (RVUs) are playing a high profile role in the operation of medical practices. RVUs can be used to measure productivity, create fee schedules, evaluate payer reimbursement methodologies and even establish fair compensation plans for physicians. The problem with RVUs is most people have a hard time working with them, due to all of the math involved. MAG Mutual’s RVU Calculator is a suite of MS Excel®-based workbooks that make it easy for you to:
• Evaluate managed care fee schedules
• Determine Medicare allowances
• Determine the status of procedure codes according to Medicare’s PFS
• Create new fee schedules based on your own conversion factor
• Allocate costs based on physician production
• Fairly analyze and determine appropriate physician compensation
• Adjust your fee schedule by locality
• Create fee schedules for facility-based or office-based services
• Create Medicare participating and non-participating fee schedules