INTELLIGENCE
AND
ANALYTICS
RVU Wizard provides leading-edge, data-based, analytical products and services that improve the effectiveness of operational, financial, and strategic medical business decisions. State-of-the-art proprietary analytical tools – combined with expert support -- deliver unambiguous, empirical inputs to complex medical business questions, such as....
| ► | Production assessment and management |
| ► | Procedure cost and profit analysis |
| ► | Provider compensation management |
| ► | Fee schedule management and negotiations |
| ► | Strategic planning |
RVU Wizard’s solutions are tailored to the unique characteristics and requirements of each setting, and make minimal demands upon client’s beyond providing access to relevant data.
RVU Wizard delivers unambiguous, actionable, analytical results that materially empower medical business providers to make more informed, better operational and strategic business decisions.
Collection, organization, analysis, and presentation of data are essential prerequisites to effective operational and strategic planning. RVU Wizard’s experience in the development, presentation, and use of health care and business data can efficiently and cost-effectively put the power of information in your hands. Whether you need specific reports or extensive planning portfolios — RVU Wizard can deliver the information.
RVU Wizard offers the power of data-driven, decision-support information to any provider who possesses medical services billing data and a basic financial report. The results of these analyses are clear, powerful, empowering, and directly relate to economic value that is important to physicians, health care executives, and their organizations.
Many medical business decisions are little more than guesses -- unless the decisions are based upon a detailed knowledge of medical production costs. RVU Wizard’s Activity-Based Cost Analysis uses patent-protected processes to allocate provider production costs across RBRVS-defined production. This knowledge of medical procedure costs and profits informs and empowers physicians and health care executives, which results in improved operational and strategic decision-making.
Activity, financial, and clinical data -- when properly collected, organized and analyzed -- yield valuable business management information to the health care organization; however, the development of this information requires a significant commitment of time and analytical resources. RVU Wizard’s analytical software permits easy, cost-effective production of customized analyses and reports that support improved operational and strategic decisions, thus relieving busy providers and medical business managers from the tasks of data collection, data analysis, and reporting.
RVU Wizard offers the power of data-driven, decision-support information to any provider who possesses medical services billing data and a basic financial report. The results of these analyses are clear, powerful, empowering, and directly relate to economic value that is important to physicians, health care executives, and their organizations.
| ► | Fee schedule negotiations |
| ► | Tactical strategies |
| ► | Unambiguous objective |
| ► | Production Assessments |
| ► | Strategic Planning |
Better Business Decisions…
Physician production and performance measurements are some of the most complex and sensitive areas of medical services management. Reliable, valid data are cornerstones of physician performance measurement. RVU Wizard is experienced in the measurement of physician production, including the development of provider compensation plans designed to achieve complex organizational performance objectives such as fairness, efficiency, productivity, collaboration and clinical excellence.
Many providers erroneously believe that payers have an overwhelming advantage in fee schedule negotiations. Actually, providers have greater access to relevant data, but often lack the resources needed to translate those data into valuable negotiation information. Payer Fee Schedule and Margin Analysis allows the comparison of reimbursement rates to actual service production costs for the unique mix of services provided to a payer’s beneficiaries— thereby determining the specific margin attributable to a payer’s business. RVU Wizard is experienced in supporting empirically-substantiated rate negotiations and successful in gaining justified adjustments.
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