A scale which assigns values to procedures in relation to one another; used to establish the Medicare Fee Schedule.
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.
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.
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.
This is a classification system which is used to determine how physicians will be compensated for services provided under Medicare benefits.