$61 per rvu in psychiatry in Mountain West, increasing to $65 next year.
Hospitalist in the midwest. Not sure if this is how you calculate the “RVU index” but, my group pays a base salary of 240k for 1 FTE and there’s a 4000 wRVU/yr minimum that must be met. That equates to about $60 per wRVU. There’s a productivity bonus that doesn’t kick in until 4400 wRVUs (which is BS) and any RVUs over 4400 get paid at $26/RVU.
I have for a long time felt that the productivity bonus system was terrible for our group because of this. If you make up to 4399/yr, you get no productivity bonus. Plus, 26/rvu over the threshold seems low to me.
Does anyone else ever wonder if the whole RVU system is a major conflict of interest? Docs in my group submit their own charges everyday. It seems like it would be really easy to be accused of over billing in order to get a bonus each quarter. I really don’t like this system personally. I think a 3rd party should be submitting our charges based on our documentations. That way we can’t get accused of trying to scam the system.
I would really caution relying on outside people submitting your charges based on your documentation.
I would really caution relying on outside people submitting your charges based on your documentation.
While you and some docs certainly can code their own encounters correctly, IMO many have never learned and likely would be better off with a coder. I know of several who were clearly not documenting nearly enough to warrant their E&M visit levels they submitted.
I do think everyone should learn about it and at a minimum make sure the coders are doing a good job, it’s not all that complicated really.
I would really caution relying on outside people submitting your charges based on your documentation.
While you and some docs certainly can code their own encounters correctly, IMO many have never learned and likely would be better off with a coder. I know of several who were clearly not documenting nearly enough to warrant their E&M visit levels they submitted.
I do think everyone should learn about it and at a minimum make sure the coders are doing a good job, it’s not all that complicated really.
$16 an RVU for supervising resident clinic or $30ish an RVU for solo attending work.
New grad, I got an academic outpatient primary care offer at $16 an RVU for supervising resident clinic or $30ish an RVU for solo attending work. That is flabbergasting compared to everything else in this thread. The offer also includes a 60k guaranteed “base” salary not related to production… but oof. Really makes you feel not valued after reading some of these numbers.
FutureDoc, I hope you’re still looking around, because for primary care those RVU numbers and base pay are insulting.
In Fredericksburg Virginia, private practice invasive cardiology doesn’t always pay by work RVU but I recently did a multi year analysis in our group and sadly looks like we’re limping along in the rat race at around $45/RVU.
This is quite lame compared to the others. I think I have to look into our staffing, overhead and accounting.
One note, recently two physician offices I town recently have legal action against office staff for stealing well over $100k from the practices.
It happens! Be vigilant.
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