RVU costing in a medical group practice

As risk-and-reward reimbursement arrangements proliferate, medical group practices should use cost accounting to measure costs of services delivered by physicians. The resource-based relative value scale (RBRVS) is a method of determining physicians' fees on the basis of the various resources u...

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Bibliographic Details
Published in:Healthcare financial management 1997-10, Vol.51 (10), p.78, 80-78
Main Authors: Berlin, M F, Faber, B P, Berlin, L M
Format: Article
Language:English
Subjects:
Accounting
Accounting - methods
Capitation
Catchment Area (Health) - economics
Codes
Compensation and benefits
Cost accounting
Cost Allocation - methods
Costs
Fees, Medical
Group medical practice
Group Practice - economics
Health administration
Management
Medical fees
Medical malpractice
Medical practices
Medical professions
Medicare
Medicare Part B - economics
Methods
Physicians
Professional fees
Reimbursement
Relative value scale payment systems (Medical care)
Relative Value Scales
United States
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Summary:As risk-and-reward reimbursement arrangements proliferate, medical group practices should use cost accounting to measure costs of services delivered by physicians. The resource-based relative value scale (RBRVS) is a method of determining physicians' fees on the basis of the various resources used to provide procedures or services. Two cost-per-procedure methods can be used in RBRVS cost accounting. One method uses relative value units (RVUs), and the other uses component RVUs, which comprise work, practice, and malpractice costs. Though the two methods produce different calculated costs, using both together can produce a cost range medical practice administrators can use to ensure that the costs of delivering services are reimbursed adequately.
ISSN:0735-0732
0735-0732