Business, Professionalism, and Justice I:

Physician Billing and Small Group Practice

Wednesday, August 24, 2011



8:00 - 8:30 am

SSOM Atrium

Registration and Continental Breakfast

8:30  - 9:30 am

Seminar Rooms

Small Group Reflection
9:45 - 11:15 am Tobin Hall 190

"How Physicians Get Paid: It's Easy as: CMS, RVUs, ICD-9 and CPT"

Aaron Michelfelder, M.D.

Associate Professor of Family Medicine

Vice Chair, Dept. of Medicine

11:15 - 11:30 am



11:30 - 1:00 pm

Tobin Hall 190

"Managing a Practice: Responsible Stewardship"

Keith Veselik, M.D.

Associate Professor of Medicine and Pediatrics

Medical Director,

Loyola University Health System Primary Care

1:00 - 1:30 pm SSOM Atrium

Student Mentor Program

M3/M1 Mentor Meeting

OBJECTIVES (at the end of this session, the student should be able to...):

  1. Define the acronyms CMS, RVU, ICD-9, and CPT

  2. Define the components of submitting a medical bill
  3. Define how a medical bill turns into a paycheck for a physician
  4. Identify the basic costs and expenses in running a group practice
  5. Identify reasonable revenue expectations for typical group practices
  6. Analyze tradeoff between margin and mission in a small group practice



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Last Updated: 08/09/11
Created: 09/16/2002