Resource-Based Relative Value Scale. 'In 1992, Medicare significantly changed the way it pays for physicians' services. Instead of basing payments on charges, the federal government established a standardized physician payment schedule based on a resource-based relative value scale (RBRVS). In the RBRVS system, payments for services are determined by the resource costs needed to provide them. The cost of providing each service is divided into three components: physician work, practice expense and professional liability insurance. Payments are calculated by multiplying the combined costs of a service by a conversion factor (a monetary amount that is determined by the Centers for Medicare and Medicaid Services). Payments are also adjusted for geographical differences in resource costs.' - http://www.ama-assn.org/ama/pub/category/2292.html
Resource Based Relative Value Scale. A government mandated relative value system implement January 1992 that is used for calculating national fee schedules for services provided to Medicare patients. Physicians are paid on relative value units (RVUs) for procedures and services. The three components of each established value are: work RVU, practice expense RVU, and malpractice expense RVU.
Resource Based Relative Value Scale. A fee schedule introduced by HCFA to reimburse physicians' Medicare fees based on the amount of time and resources expended in treating patients with adjustments for overhead costs and geographical differences.
Resource Based Relative Value Scale. Used to set physician professional fees.
Resource Based Relative Value Scale. A scale which assigns values to procedures in relation to one another; used to establish the Medicare Fee Schedule.
Resource Based Relative Value Scale. A fee schedule introduced by HCFA to reimburse physicians' Medicare fees based on the amount of time, resources, and expertise expended in selected procedures. Adjustments are made for regional variations in rents, wages, rents, and other geographical differences. Developed by Dr. William Hsiao and a Harvard research team, it divides Medicare treatments into 7,000 procedures with specific RBRVS scales.
a Medicare weighing system to assign units of value to each CPT code (procedure) performed by physician and other providers. The number of units of value for each procedure includes a portion for physician skill, expenses associated with the procedure and geographics of the area.
The Resource Based Relative Value Scale. A standardized payment schedule based on the cost of providing a service. Medicare, many Medicaid programs and private insurers use it to determine payments for medical services.
Resource Based Relative Value Scale. A method ofdeciding the relative worth of medical procedures by using the effort,education, time spent, risk, cost of delivering the procedure andcomplexity of the procedure. Being adopted by the federal government todetermine how much to reimburse physicians for any given procedure.
This is a scale of "weights" assigned to particular CPT codes that takes account of the relative amount of effort taken to perform a procedure based on the cost of supplies, the risk or difficulty and the time spent. For instance, brain surgery will have more RVUs than a wart removal. The RBRVS is controlled by HCFA.
Resource Based Relative Value Scale. This is a classification system which is used to determine how physicians will be compensated for services provided under Medicare benefits.
