A basic understanding of the different types of practice models and where the money to run a practice comes from is important for any surgeon. Surgical practices are unique, but are in general funded by a third party (hospital or health system for example) or self-funded (pure private practice). There are advantages and disadvantages as well as risks and rewards associated with each type of practice. Surgeons generate revenue mostly by operating and seeing patients. Relative Value Units (RVUs) are used to guide reimbursement and to assess productivity. Surgeons should have a working knowledge of how RVUs are assigned and the RVUs associated with the procedures they do most commonly. As a surgeon’s career evolves, many of us take on new leadership opportunities. There are leadership skills and traits that can and should be developed for those who wish to succeed in their leadership endeavors.
Types of practices Profit Performance
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