The resource-based relative value scale (RBRVS) attempts to circumvent this difficulty by expressing the value of a service in objective terms related to the cost of its production.
What does RBRV stand for?
RBRV stands for Resource-Based Relative Value (medical service reimbursement)
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Samples in periodicals archive:
95 Paperback R728 From the American Medical Association, this guide explains Medicare's Resource-Based Relative Value Scale (RBRVS), including the components, operation, and applications of the payment system, and new payment policies for 2011 and their impact on a physician's practice.
95 Paperback R728 This 2009 Guide offers physicians an updated overview of the Resource-Based Relative Value Scale (RBRVS), covering its components, operation, and applications.
In early February, AMDA went before the American Medical Association's Resource-Based Relative Value Scale Update Committee (RUC) meeting in San Diego with suggested adjustments to nursing home CPT codes (99304-99310 and 99318) that would increase Medicare reimbursement for new admissions, subsequent visits, and annual visits by physicians.
But the group is likely to be less impressed by a renewed MedPAC recommendation that calls for a new committee to advise Medicare on the resource-based relative value scale (RBRVS) that sets reimbursement for medical services.
The introduction of resource-based relative value scale (RBRVS) as a cost accounting methodology for healthcare organizations gained acceptance in the mid- to late-1990s.
The basics should include a course on medical business jargon; this should include the ABC's of managed care to definitions of co-pays, deductibles and the resource-based relative value scale.
ACOG's recommendations are then forwarded to the AMA Resource-Based Relative Value Scale Update Committee (RUC) where they will be accepted or modified.