What is Productivity?
- "Hourly worker output"
- Productivity in physician practice reflects efficiency with which work is performed
- Productivity gain closely correlates with health of overall economy, rising living standards and growth of real wages
Why Measuring Productivity?
- Practice of radiologists has changed from traditional, small (less than 10 members) group to larger groups with subspecialization.
- Increase employment of part-time radiologists
- These factors result in difference in case mix, on-call demands and increased difficulty of informal monitoring of each radiologist's work
- Several methods exist including using revenue, hours worked, volume of examination and Relative Value Units (RVUs)
- Because RVUs combine many facets of other methods (volumes, hours) and easily/timely availability, it is most widely used as an indicator of radiologist productivity
- RVUs are work component of professional Resource-Based Relative Value Scale per time period. Each Current Procedural Terminology (CPT) code is assigned an RVU for physician work (wRVU) as well as RVU for practice and malpractice expenses.
- wRVUs are intended to reflect time and effort expended by radiologists to perform services
Reference Authors' Recommendations
- Quoted from the below reference, authors are from Mass. General Hospital in Boston and Sloan School of Management at MIT
- RVUs seem to be the most reasonable means to evaluate radiologist productivity, however practices may elect to monitor more than one productivity measures because no single measure is perfect
- Authors recommend measuring "team-based" RVUs rather than individual's. This is to value members who perform duties with lower RVU assignment or no RVUs (i.e., consultation, conference participation, administration, teaching)
- Productivity measures reporting should be coupled with quality metrics