relative value system

relative value system,

n coded listing of professional services with unit values to indicate relative complexity as measured by time, skill, and overhead costs. Third-party payers typically assign a dollar value per unit to calculate provider reimbursement.
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In 1989, Amerling continues, HCFA moved away from paying doctors based on their UCR charges to the Resource Based Relative Value System, a socialistic construct that assigned dollar amounts to the myriad services provided by doctors.
ANA dedicated significant resources that influenced the outcome of this regulation, including our ongoing, active participation on the CPT Editorial Panel and the Relative Value System Update Committee (RUC).
In the proposal, CMS has identified a list of high-cost procedures and has required that the American Medical Association's Relative Value System Update Committee (RUC) assess the list.
Wallner was the first and only member of ASTRO to sit on the AMA/Specialty Society Relative Value System Update Committee (RUC) and the first ASTRO member to sit on the Center for Medicare & Medicaid Services Ambulatory Payment Classification Advisory Committee providing recommendations on hospital outpatient reimbursement codes, levels of reimbursement for hospital-based technical services and new technology utilization.
Ability to store Relative Value Units by procedure, such as Resource Based Relative Value System, so that the practice can better analyze relative value and units of productivity by procedure and physician;
CMS releases report on relative value system for lab fees
He outlines the problems of consumer information, defines monopolistic competition, physician payments under Medicare, policy alternatives, the Resource-based Relative Value System and then neatly summarizes the subsequent essayists.
It also appears that HCFA did not consider APTA's recommendations regarding the computation of the practice expense under the Resource Based Relative Value System," she added.
Although the California relative value system was based on experience and reported charges, it only came in two editions, 1969 and 1974.
In fact, available research leads us to the conclusion that no one can predict what effect this totally new relative value system will have on volume and intensity of services.
The most widely used, the California Relative Value System (CRVS), was compiled and adopted by the California Medical Association in the mid-1950s.
6] When physicians fail to adjust for case mix in their practices, they risk being miscategorized as overutilizers[7] This further indicates how essential it is for physicians and hospitals to understand and apply case mix indices, diagnosis-related groups and resource-based relative value systems.