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Hospital Revenue Report
|November 6, 1991
Insights
The final Medicare fee schedule impacts over 500,000 U.S. physicians. This report details the Health Care Financing Administration's finalized resource-based relative value schedule.
Area of Science:
- Health Economics
- Medical Policy
Context:
- The Health Care Financing Administration (HCFA) is releasing the final Medicare resource-based relative value fee schedule.
- This schedule follows a review of 95,000 public comments on the proposed version.
Purpose:
- To summarize the key provisions of the finalized Medicare fee schedule.
- To inform healthcare providers about upcoming changes impacting physician reimbursement.
Summary:
- The final Medicare fee schedule, applicable to nearly all 500,000 U.S. private practice physicians, will be published in the Federal Register.
- It is based on a resource-based relative value system, a significant update to physician payment.
Impact:
- Potential changes to hospital revenue streams and physician compensation models.
- Increased transparency and standardization in Medicare payments for physician services.
Abstract:
This Hospital Revenue Report Special Report summarizes provisions of the final Medicare resource-based relative value fee schedule, slated for publication in the Nov. 25 Federal Register. The fee schedule applies to virtually all 500,000 private practice physicians in the U.S. The Health Care Financing Administration (HCFA) issued the fee schedule after reviewing 95,000 comments on the June 5 proposed version.