Value Added Matrix
Value Added Matrix • September 16, 2014 • Giles W. Boland, MB, BS, FACR, Samir Patel, MD & Raymond Kiendl • Online
This is a webinar in the Imaging 3.0 RLI Webinar Series. Registrations for sessions in this series are free of charge.
Imaging 3.0™ is a vision and action plan that allows radiologists to take a leadership role in shaping America's future health care system. According to session leader Giles Boland, radiologists must take the lead in the transition from the volume to value-based paradigm. The Value of Hard Work case study shows how one Indiana practice leader, Samir Patel, was able to retain a hospital contract by creating a “scorecard” that tacked all non-work related RVU activities. This value added matrix demonstrated to key stakeholders the added value (non-compensated) that radiologists bring to their client hospitals. Participants will have the opportunity to submit questions for discussion and ask questions during the webinar.
- Radiologists at Radiology, Inc. in Elkhart, Ind. track all non-work RVU activities, allowing them to demonstrate the value they bring to their client hospitals for which they are not compensated.
- Hospital administrators have reacted positively to the Value-Added Matrix, because it gives them a snapshot of how much money the radiologists are saving the hospitals.
The Matrix can help radiologists not only protect their contracts, but also be used in the future to potentially justify medical directorship fees.
Be sure to view the Value Added Matrix case study in advance of the September 16 webinar. If you would like to pose questions to the speakers in order to inform the live session please share your question here.
This Level 3 elective course will cover competency 1.2.4 in the Finance & Economics domain of the RLI Common Body of Knowledge and award 1 RLI credit.