ICU contract

[SRT 1983]

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We are negotiating our ICU contract with the hospital. We are a group of private PCC trained physicians . 14 bed ICU plus 6 bed step down.
All pts are admitted under the hospitalists.
Hospital wants us to provide 8 hrs of in house coverage plus overnight ( mostly by phone).
This is an under served area on the east coast.
They hired an outside company VMG to do the numbers and is offering 650K/ yr plus we keep our billing for these patients which according to the company is the 75th percentile fair market value .

Any thoughts ??

 

[Colorado outliers]

We are negotiating our ICU contract with the hospital. We are a group of private PCC trained physicians . 14 bed ICU plus 6 bed step down.
All pts are admitted under the hospitalists.
Hospital wants us to provide 8 hrs of in house coverage plus overnight ( mostly by phone).
This is an under served area on the east coast.
They hired an outside company VMG to do the numbers and is offering 650K/ yr plus we keep our billing for these patients which according to the company is the 75th percentile fair market value .

Any thoughts ??

How much do you expect to make individually per year with this offer?

 

[jdh71]

We are negotiating our ICU contract with the hospital. We are a group of private PCC trained physicians . 14 bed ICU plus 6 bed step down.
All pts are admitted under the hospitalists.
Hospital wants us to provide 8 hrs of in house coverage plus overnight ( mostly by phone).
This is an under served area on the east coast.
They hired an outside company VMG to do the numbers and is offering 650K/ yr plus we keep our billing for these patients which according to the company is the 75th percentile fair market value .

Any thoughts ??

How many physicians in your group?

Care to share your average monthly RVUs with us?

 

[SRT 1983]

There are 6 of us, so >100k/ yr per person.
I don't know my exact RVUs but on average I see in a month :
Outpt: 50 new consults, 175 follow ups
Inpt 50 ICU pt visits, 20 new pulm consults, 100 follows up, 5 EBUSes/5Navs/ 5 chest tubes

 

[jdh71]

There are 6 of us, so >100k/ yr per person.
I don't know my exact RVUs but on average I see in a month :
Outpt: 50 new consults, 175 follow ups
Inpt 50 ICU pt visits, 20 new pulm consults, 100 follows up, 5 EBUSes/5Navs/ 5 chest tubes

Have they given you an RVU conversion? How much do they plan to pay you per? Or will you keep submitting all of these through your practice?

 

[SRT 1983]

We do all our own billing . This is just for 8 hrs in house coverage plus overnight call

 

[jdh71]

We do all our own billing . This is just for 8 hrs in house coverage plus overnight call

Seems like a pretty good deal then.