Why You Should Care About Health Policy at HRS-Why You Should Care About Health Policy at HRS

Video Transcription

Video Summary

The video session titled "Why You Should Care About Health Policy at HRS" is an informative discussion that highlights the importance of understanding health policy within the context of electrophysiology. Chris Liu, an electrophysiologist from Cornell Medical Center, co-chairs the session along with Scott Greenberg. A key focus is the American Medical Association's (AMA) Current Procedural Terminology (CPT) and Relative Value Scale Update Committee (RUC) processes, which play crucial roles in developing and valuing medical procedures.<br /><br />The session explains the Resource-Based Relative Value Scale, used since 1992 to represent physician work significantly impacting healthcare policy and economics. It encompasses time, effort, and mental investment components. Discussions also emphasize the importance of understanding the CPT codes for valuing procedures. The RUC process, which involves surveying and review, is vital for setting appropriate values for medical procedures, impacting physician compensation significantly.<br /><br />The presentation also covers the strategic role of Ambulatory Surgical Centers (ASCs) in healthcare, with a focus on efficiency, patient satisfaction, and cost savings. Dr. Jonathan Dukes highlights the growing trend of performing procedures in ASCs due to their efficiency and reduced costs compared to hospitals.<br /><br />Panelists emphasize building strong relationships with hospital administrators to navigate and advocate effectively for health policy's place in their practice. In sum, the session argues for the need to understand and participate in health policy to sustain and enhance practice management in electrophysiology, emphasizing the continual adaptation to new technologies and economic realities.

Keywords

health policy

electrophysiology

Chris Liu

Scott Greenberg

CPT codes

RUC process

Resource-Based Relative Value Scale

Ambulatory Surgical Centers

healthcare economics

practice management