Human errors while using spreadsheets have been documented all over the world. They can be costly and embarrassing. There are links below to some highly publicized mistakes for those who want to delve into the details, as well as a report on the most common types of mistakes made....
CompConfidence Articles
Are You Accurately Normalizing Your Compensation Data?
You, like many healthcare executives responsible for evaluating physician compensation, rely on accurate normalized data. As examples, normalized data is required to: Prepare accurate documentation to evidence compliance with: (i) the Stark Law and federal and state fraud and abuse regulations that is often supported by a fair market...
New Technology Decision-Making Is More Than Just Buy vs. Build
Do you have a need for new technology? Deciding between buy vs. build? Oops. You might have just made the first oversight in your decision-making. Let me elaborate by using the example of third-party administration (TPA) technology. Let us say that you are not happy with the technological features...
How To Leverage Freezing 2020 Work RVU’s
Let’s assume that on your own or because you read my previous paper titled “Why Freeze Work RVU’s?” that you have decided to freeze next year by using 2020 Work RVU’s (wRVU). Now what? The obvious first step is to communicate and convince those affected as to why this...
Why Freeze Work RVU’s ?
As a retired CFO of over 40-years and Past-Chair of the AMGA CFO Council I experienced more than once the impact of the “recalibration” of Work RVU’s (wRVU) by CMS. The first and foremost thing that all CFO’s recognize is that when CMS does it’s “magic” the end goal...