Definitions for "Resource Based Relative Value Scale"
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.