relative value unit

Also found in: Acronyms.

relative value unit (RVU)

a comparable service measure used by hospitals to permit comparison of the amounts of resources required to perform various services within a single department or between departments. It is determined by assigning weight to such factors as personnel time, level of skill, and sophistication of equipment required to render patient services. RVUs are a common method of physician bonus plans based partially on productivity.

relative value unit

Health insurance A comparative financial unit that may sometimes be used instead of dollar amounts in a surgical schedule, this number is multiplied by a conversion factor to arrive at the surgical benefit to be paid. See Resource-based relative value scale.

rel·a·tive val·ue u·nit

(RVU) (rel'ă-tiv val'yū yū'nit)
A numeric factor assigned to a medical service during coding based on the skill and time required to undertake such a procedure.
References in periodicals archive ?
In the Medicare resource-based relative value scale payment system, relative value units (RVUs) are calculated based on three elements: physician work, practice expenses, and malpractice cost.
Relative value units (RVUs), assigned to most codes found in the AMA's Current Procedural Terminology (CPT) book, are calculated basedon3 elements : physician work, practice expense, and malpractice cost.
Productivity of Radiologists: Estimates Based on Analysis of Relative Value Units.
The authors focused on the work-specific relative value unit (wRVU), saying that it most accurately reflected the amount of time physicians put into a visit or procedure.
Additionally, pediatric hospital medicine groups should incorporate work relative value unit production into their dashboards along with other methods of capturing reimbursed clinical, administrative, and academic activities to fully document their programs' value, he said.
Depending on the health care service being measured, any of the following can serve as a PMU: the CAP workload recording unit; a similar relative value unit set individually for each hospital department; a patient day; a care plan day, which classifies a patient into one of several levels requiring different degrees of resource consumption (used commonly in nursing); or some time increment, a minute or an hour, say, which could be suitable for surgery.
PriceMaster enables healthcare providers to establish prices for hospital services by comparing current prices to market benchmarks, fee schedules, cost and relative value unit (RVU) data and CMS national, state and hospital benchmarks.
Until the relative value unit (RVU) is modified to reflect this cost, office use of the hysteroscopic morcellator for myomectomy and polypectomy will be financially restrictive to the gynecologist in private practice.
Earlier this month, United Healthcare implemented a new fee schedule that essentially freezes physician reimbursement fees at Medicare's 2008 resource-based relative value unit scale.
In 2005, the Centers for Medicare and Medicaid Services (CMS) published a total relative value unit (RVU) of 0.
By not leaving it to claims staff to remember to look up the Relative Value Unit (RVU) and local conversion factor in a book, calculate the rates and then enter the amount due, it increases not only the likelihood that the discounts will be taken but also reduces the staff time required to correctly process these claims.
CMS also would increase the work relative value units for new and established office visits, increase the work values for initial hospital and initial nursing facility visits, and incorporate the increased use of these visits into practice expense and malpractice relative value unit calculations.