Most reimbursement, one way or another, directly or indirectly is based on the RBRVS. The RBRVS updates and changes. It is doing so now quite rapidly! If you have not updated your billed charges in the last year or so, it is time to do so! Compare your billed charges to the current RBRVS and see if it is consistent. Be sure to adjust for site of service location! If your fees are wildly inconsistent or (OMG) below what you should be paid, it is time for an update!nnStay tuned for more Todd’s Tips!nn
About R. Todd Welter • MS, CPCnFounder and President of Welter Healthcare Partners
nMr. Welter has over 25 years of healthcare industry experience assisting physicians and other providers, hospitals and other facilities with the business side of medicine. Through strategic planning and analysis, Mr. Welter’s main focus is to strategically increase revenues and profitability in this radically changing health care environment. Mr. Welter has a Masters Degree in Organizational Leadership from Regis University in Denver where he has had an appointment as affiliate faculty in the School for Professional Studies for over ten years. In addition, Mr. Welter holds a faculty appointment at the University of Denver’s University College. In the Health Care Leadership program he teaches Macro Economics in Health Care and Innovative Strategies and Change in Health Care to graduate students.