Elements of the Financial Model of the New Model of Family Medicine
| Financial Model Component | Inputs to Model | Data Sources |
|---|---|---|
| RBRVS = Resource Based Relative Value System; RVU = relative value units; AMA = American Medical Association; MGMA = Medical Group Management Association; CMS = Centers for Medicare and Medicaid Services; | ||
| Revenue | Reimbursement levels (ie, price) | Physcape (service mix) |
| Quantity (ie, mix and number of services) | Medicare RBRVS (RVUs) | |
| AMA Physician Socioeconomic Statistics (payer mix) | ||
| Expenses | Medical supply expenses | AMA/MGMA data (overall direct and indirect practice expenses, physician salary, medical liability) |
| Medical equip expenses | CMS Clinical Practice Expense Panels data | |
| Clinical staff expenses | CMS physician time data | |
| Medical liability | Bureau of Labor Statistics (salaries) | |
| Office expenses | ||
| Administrative staff expenses and other indirect expenses | ||
| Physician hours worked | Patient care hours | AAFP Practice Profile Survey |
| Total hours | AMA physician socioeconomic statistics | |