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Productivity Benchmarks
In general, what is the yearly "work RVU" target for an internal medicine physician working in a five-provider clinic, making a salary of $180,000 per year?
Question: In general, what is the yearly "work RVU" target for an internal medicine physician working in a five-provider clinic, making a salary of $180,000 per year?
Answer: Well, the Medical Group Management Association surveys on work relative value units (RVUs) by specialty (among many other things). According to its Physician Compensation and Production Survey: 2003 Report Based on 2002 Data, internal medicine, FTE physicians generate a median of 3,856 work RVUs per year. The size of clinic should not impact productivity.
And many practices these days base salary on productivity anyway. That said, the same publication says that the median compensation for internal medicine single-specialty practices is $160,000 - so 3,856 work RVUs for $160,000.
You can get more up-to-date data from the MGMA (visit www.mgma.com).
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.
