Assumptions: ✔ Physician Base Compensation $257,000 ✓ Physician Fringe Benefits Rate 16.28% ✓ Continuing Medical Education $ Above Threshold $400 ✔ Malpractice Insurance Cost $30,207 ✓ Veteran's Administration Contract Revenue ($69,960) (Madinal Student Tanahing Rouanu

icon
Related questions
Question
Assumptions:
✓ Physician Base Compensation
$257,000
✔ Physician Fringe Benefits Rate
16.28%
✓ Continuing Medical Education $ Above
Threshold
$400
✔ Malpractice Insurance Cost
$30,207
✓ Veteran's Administration Contract Revenue
($69,960)
✓ Medical Student Teaching Revenue
($2,211)
✔Net Patient Revenue Per wRVU
per wRVU
Consider the assumptions above and answer the following
questions.
$66.88
1. What should the physicians wRVU benchmark/target be
such that you can be assured that his or her reimbursement
will cover his or her costs before being awarded any
volume-based incentive dollars?
2. If the physician exceeds his or her wRVU benchmark/target
as calculated above, what rate do you think the physician
should be paid per wRVU earned above the
benchmark/target? Explain, why you chose that payout
rate.
Transcribed Image Text:Assumptions: ✓ Physician Base Compensation $257,000 ✔ Physician Fringe Benefits Rate 16.28% ✓ Continuing Medical Education $ Above Threshold $400 ✔ Malpractice Insurance Cost $30,207 ✓ Veteran's Administration Contract Revenue ($69,960) ✓ Medical Student Teaching Revenue ($2,211) ✔Net Patient Revenue Per wRVU per wRVU Consider the assumptions above and answer the following questions. $66.88 1. What should the physicians wRVU benchmark/target be such that you can be assured that his or her reimbursement will cover his or her costs before being awarded any volume-based incentive dollars? 2. If the physician exceeds his or her wRVU benchmark/target as calculated above, what rate do you think the physician should be paid per wRVU earned above the benchmark/target? Explain, why you chose that payout rate.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer