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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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| Published in: | Healthcare financial management 1997-10, Vol.51 (10), p.78, 80-78 |
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| Main Authors: | , , |
| Format: | Article |
| Language: | English |
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| container_end_page | 78 |
| container_issue | 10 |
| container_start_page | 78, 80 |
| container_title | Healthcare financial management |
| container_volume | 51 |
| creator | Berlin, M F Faber, B P Berlin, L M |
| description | 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. |
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| identifier | ISSN: 0735-0732 |
| ispartof | Healthcare financial management, 1997-10, Vol.51 (10), p.78, 80-78 |
| issn | 0735-0732 0735-0732 |
| language | eng |
| recordid | cdi_proquest_reports_196376385 |
| source | ABI/INFORM global; Access via Business Source (EBSCOhost) |
| 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 |
| title | RVU costing in a medical group practice |
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