Resource-based relative value scale (RBRVS) is a schema used to determine how much money medical providers should be paid. It is partially used by Medicare in the United States and by nearly all Health maintenance organizations (HMOs).
RBRVS assigns procedures performed by a physician or other medical provider a relative value which is adjusted by geographic region (so a procedure performed in Manhattan is worth more than a procedure performed in Dallas). This value is then multiplied by a fixed conversion factor, which changes annually, to determine the amount of payment.
RBRVS determines prices based on three separate factors: physician work (52%), practice expense (44%), and malpractice expense (4%).
Read more about Resource-based Relative Value Scale: Example, Criticism, History
Famous quotes containing the words relative and/or scale:
“She went in there to muse on being rid
Of relative beneath the coffin lid.
No one was by. She stuck her tongue out; slid.”
—Gwendolyn Brooks (b. 1917)
“I by no means rank poetry high in the scale of intelligence—this may look like affectation but it is my real opinion. It is the lava of the imagination whose eruption prevents an earthquake.”
—George Gordon Noel Byron (1788–1824)