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GlobalRVUs are a relative value system that covers the entire range of healthcare services. Relative Value Units (RVUs) are commonly used with payment schedules to define relative cost between services and enable comparison of cost schedules. Other RVU systems are limited, because they only focus on one type of provider and do not relate services for different types of providers. GlobalRVUs correct this disconnect by providing an RVU system that covers all healthcare services.
Conversion factors are calculated by dividing total dollars by the RVUs assigned to services. This can be done by individual procedure or aggregated at any level—including in total across all services.
Once these conversion factors are calculated, they can be compared and analysed. Because the GlobalRVUs are broadly applicable, you can:
The GlobalRVUs can be attached to any data set easily using Milliman software. In addition to an interface to run the RVU assignment software, we provide a series of Microsoft Excel reports that allow you to review the quality of the data input, ensure that the RVUs have been properly assigned, and review the results of the RVU assignments.
There are three separate components of GlobalRVUs:
If you are looking to utilise a relative value system that covers the entire range of healthcare services, contact us to learn more about our GlobalRVUs.
Compare and benchmark hospital contracts on a patient-severity adjusted basis.
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