Five Questions to Ask About wRVU Compensation
Physicians employed by a medical group, hospital or academic institution are commonly compensated using a productivity formula based on work relative value units (wRVUs). Since wRVUs drive your paycheck, it’s to your advantage to ask questions in order to understand how the system works - and specifically how your employer counts wRVUs.
5. Can I see a detailed transaction report each month of the codes submitted and wRVUs credited?
• Shrewd physicians insist on reviewing the transaction report each month to ensure all services were billed and to confirm the correct wRVUs were credited for each code. Consider keeping your own log of codes submitted and reconciling it with the monthly report to confirm all services were captured. Doing this monthly is a good habit, allowing you to catch discrepancies early so they can be quickly addressed.
• To ensure you are paid for the work you do, it's essential for physicians to be actively involved with reviewing wRVU calculations. Likewise, it's important to have open and ongoing communication between physicians and administrators to maintain an accurate compensation plan as well as high physician engagement.
Source: Source: Amy Boyer MBA, Logan Lutton, Physicians Practice [8/3/21]
