Have heard from a variety of sources online that EMG/NCS are not viable or worth it to do in an outpatient practice due to declining reimbursement. However, when I look at average wrvu rate and wrvu's produced from even a basic study, these definitely seem worth it. From my math, two UE EMG/NCS an hour, which seems quite doable, would be over $400 per hour or approx 8 wrvu/hour and roughly $60/wrvu. This is based on 99203, 95909, and 95886 cpt codes. I'm currently a resident so please tell me where am I wrong if you have insight into this. TIA.
I don't do EMGs, so I can't comment on the specifics here.
But I can say that anytime reimbursement gets cut (EMG/NCS saw substantial cuts years ago--I think it was almost 50%?), the docs who were used to doing that work for a certain amount of money are going to start saying it's not worth it anymore. This is true of any procedure/surgery that gets targeted for cuts.
Lets take your example. If you really can make $400/hr doing EMGs (seems excessive to me), then doing that 8hrs/day, 40hrs/week, 46 weeks/year (assume 6w vacation, which is more than most docs take), you'd make over $700k!
But at $200, you make a
measly $368k. Most of us would say that's great income for 40hrs/week and six weeks off per year, but if you spent 10 years at the higher level of income, you may feel it's not worth it anymore.
I guess that example likely proves $400/hr is not happening, as there are lots of physiatrists running EMG mills but to my knowledge most make far less than $700k. If they are making that, then that's not taking business expenses into account.
I subscribe to the "plenty of money and relaxation" philosophy of PM&R--do enough to make enough, but have enough free time. Your biggest risks of losing your income in medicine are divorce and burnout. So find a good spouse, spend time with them, and work to make "enough" to live on.