What Are RVUs? This is How Doctors Are Paid💸

Have you ever wondered how doctors are paid or why some doctors make more than others? The answer is RVUs. Relative Value Units are used by Medicare and insurance companies to determine how much a physician is paid for their services based on time spent with a patient. 💸

Learn about the different types of RVUs, how RVUs are calculated, and the pros and cons of this system.

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TIME STAMPS:
00:00 Introduction
00:18 What Are RVUs?
00:37 Work RVUs
01:15 Practice Expense RVUs
01:32 Malpractice RVUs
02:03 The Creation and Update of RVUs
03:02 How Are RVUs Calculated?
04:06 Routine Primary Care Visit
05:23 Intensive Surgery
06:59 The Pros and Cons of an RVU System
09:53 Choosing the Best Path for You

LINKS FROM VIDEO:

#medicalschool #medicalcareer #premed
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Disclaimer: Content of this video is my opinion and does not constitute medical advice. The content and associated links provide general information for general educational purposes only. Use of this information is strictly at your own risk. Kevin Jubbal, M.D. and Med School Insiders LLC will not assume any liability for direct or indirect losses or damages that may result from the use of information contained in this video including but not limited to economic loss, injury, illness or death. May include affiliate links to Amazon. As an Amazon Associate, I may earn a commission on qualifying purchases made through them (at no extra cost to you).

[MedSchoolInsiders]

Should we make a fee-for-service vs value-based care video? Let us know what other topics you want in the comments. ⬇

[JavierMartinez-duww]

as a family medicine resident physician, my attendings always tell us “you’ll learn the business later”….I think if they taught us the business while teaching us the medicine, we would actually understand what we were doing and deliver a better service for our patients! I don’t understand why this has to be such a taboo topic in medicine. It seems like everyone wants to be so shady about it. Please continue delivering us content about these things, this is super helpful! Thank you!

[RedrumCvmlcs]

Now this is content!!! Speaking about the topics of business in medical is what is needed. Please produce more

[ianhowe]

Please make that follow up video on the trend to value based care and how that will work and what factors will impact pay for different physicians and specialties. Thanks!

[claytonstacey]

Yeah please do a video on value based care

[greensoccer]

Excellent video, Dr. Jubbal! I’ve been watching your videos since high school. Next month, I’m starting medical school, and I owe a lot of success to your YT videos. Thank you for all you do, and please continue making videos like this one about how our healthcare system works! I’d love to see a video on value-based care!

[grafkirk]

Love this - we should definitely get more resources like this out there! You should do one on value based care and direct primary care

[JiyutoSeigi]

An important and terribly useful video! Physician compensation is way too opaque. Thanks!

[IgorDeoliMD]

This video is GOLD! One of the most important videos so far. Thank you.

[yizhang]

I am taking the online class of Introduction to healthcare by Stanford University ，your video make many terminologies become much more easier to understand, thank you!

[TheadonismilanTV]

Finally an understandable and transparent breakdown of provider pay.

[raisedincalifornia]

World definitely love your take on value-based care. I’ve taken several courses on it and I think your approach would be fascinating.

[wholeNwon]

From your very good discussion of the topic, many might think that the reimbursement system is relatively simple and fair. Others, I among them, don't think so. Earlier this year I had occasion to inquire about a scan to be performed at one of our major medical centers, a 1000 bed teaching hospital. The insurance reimbursement to the hospital was approx. $1200. If the same study were to be performed on an uninsured pt. who would be expected to pay from his own resources, the charge would have been $16, 000. When I asked my surgeon, an employee of the hospital, whether he knew what the private-pay charge was for that study, he said that he had heard it was about $64, 000. So, even he was clueless.
The CEO of the same hospital is paid $2.3 million/yr. exclusive of bonuses.

[bigric]

Its pretty cool how you have diverse characters in your videos. Some other creators lack this and think all physicians come in only one shade.

[codyc]

Would definitely love a video on how value-based care is determined!

[DrSad]

Compared to what financial and business consultants make. Especially that what a physician is providing, considering the similarities in the concept of services. Physicians are compensated less …

[im.empimp]

I'm a veteran who gets care through the VA. I don't have any CPT codes in my medical records, but of course, most of my doctors are full-time VA employees, so they're salaried.
fwiw: I have personally been extremely impressed with the vast majority of medical care that I've gotten from the VA. Mental health care, not so much. That's not to say the medical care has been perfect, but it really has been quite good.

[imgood]

A video on value based care would be great!

[MaxMenefee]

I would be very interested in a video which describes how universal health care systems work in other countries and how being under one of these systems affects the doctors working in it.

[marinakhalil]

thank you so much for the incredible information of this video. i would love to see a video about value based care!!