Medicare Physician Payments : Need to Refine Practice Expence Values During Transition and Long Term

In 1992, Medicare began using a fee schedule to pay physicians for more than 7,000 procedures. A fee schedule amount for each procedure is computed by multiplying the sum of the procedure's three rankings, known as relative value units (RVU), by a conversion factor that translates RVUs into dollars. This report monitors the Health Care Financing Administration's. ongoing efforts to develop resource-based practice expense RVUs. It focuses on: evaluation of whether the new methodology is an acceptable approach for revising Medicare's fee schedule; questions raised about the data, assumptions, & adjustments underlying the new methodology that need to be addressed during the three-year phase-in.Scanlon, William J. is the author of 'Medicare Physician Payments : Need to Refine Practice Expence Values During Transition and Long Term', published 2000 under ISBN 9780756705114 and ISBN 0756705118.