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budget-sec23-Developing RVU and Cost Standards_6

budget-sec23-Developing RVU and Cost Standards_6 -...

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Developing RVU and Cost Standards: William J. Ward, Jr., MBA 1 Developing RVU and Cost Standards William J. Ward, Jr., MBA Johns Hopkins University 2 Resource Consumption Matrix ± Critical review of resource use ± Develops relationships between work output and resource inputs ± Allows for an objective review of resource use 3 Developing Standards ± What level of resources should be consumed ± Make your own Relative Value Unit ± Dissimilar work expressed using common terminology based on resources consumed in performing the work ± RVUs, CAP units . . . 4 From Resource Use to RVUs - - - - - Procedures - - - - - All Resources #1 #2 #3 #4 Supplies $275 $50 $100 $75 Lab Testing 75 50 25 150 Staffing 100 50 25 75 Total $450 $150 $150 $300 Relative Value Units Based on 150 3.00 1.00 1.00 2.00 Based on 300 1.50 0.50 0.50 1.00 Based on 450 1.00 0.33 0.33 0.67 Based on 100 4.50 1.50 1.50 3.00 5 From Resource Use to RVUs - - - - - Procedures - - - - - All Resources #1 #2 #3 #4 Supplies $275 $50 $100 $75 Lab Testing 75 50 25 150 Staffing 100 50 25 75 Total $450 $150 $150 $300 Relative Value Units Based on 150 3.00 1.00 1.00 2.00 Based on 300 1.50 0.50 0.50 1.00 Based on 450 1.00 0.33 0.33 0.67 Based on 100 4.50 1.50 1.50 3.00
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