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I have just completed an analysis of the 2014 Relative Value Unit Fee Schedule, comparing it to 2013's RVUs. On average, podiatry CPT code values drop 5.63%, ranging from little change, to over 11% (mostly in Radiology).
11721 drops 4.55%, 11720 drops 5.21%. 11750 loses 5.41%. 20550 decreases by 4%. E & M codes average a 5% loss.
I put together a short report and table showing all podiatry related codes, the change in RVU values 2013 to 2014 and the dollar impact of those changes. You can download it for free here: Guerrilla Podiatry 2014 RVU Revenue Impact Report
Hope you find it helpful to predict what revenue losses you'll need to counter early in 2014.
Pam Thompson
Guerrilla Podiatry
pamthompson@guerrillapodiatry.com
www.guerrillapodiatry.com
P.S. Below please find a mild but shameless plug for my Guerrilla Podiatry Financial Survival System. I am very proud of it, and hope it will go a long way in helping podiatrists survive these unrelenting attacks on revenue.
Invest in Your Success
The Guerrilla Podiatry Financial Survival System will provide the following information - for your practice, not "everyone's practice":
• How much revenue you can recover (or not lose) by making a few simple changes
• How much profit or loss each CPT code generates, by physician (you’ll be surprised)
• How to add the productivity equivalent of another staff member with no additional cost
• How much money you spend on physician activity that does not produce revenue
• Exactly what areas you can easily target to increase personal income right away
It is equally valuable for small or large practices, and ANYONE can achieve success with this system.
It takes only a few hours of staff time, and about an hour or so of your time, to reveal the hidden losses that are sucking the pay right out of your pocket.
The 200 page e-book, Guerrilla Podiatry: What You Can Do Right Now to Financially Survive Anything, walks you through exactly what to do to turn the financial losses you find into income in your pocket, without wasting time throwing “solutions” at the wall to see what sticks.
How to increase revenue and patient visits, decrease costs and effectively turn your practice into a healthcare reform success is detailed in easy to apply modules, with all the tools you need to monitor your success.Don't Wait
A pretty smart guy once said, “The easiest way of making money is to stop losing it.” (The Naked Manager: Games Executives Play By Robert Heller). The Guerrilla Podiatry Financial Survival System is how anyone can do just that.
Please, start now. Treat the optimum number of PROFITABLE patient visits while increasing your personal income, instead of throwing it away in dark, hidden places, never to be seen again.
Go to www.GuerrillaPodiatry.com today.
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