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Related Experiment Videos

Measuring productivity using RBRVS cost accounting.

J L Shackelford1

  • 1Medical Services of Northwest Arkansas, Fayetteville, USA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|May 29, 1999
PubMed
Summary

The resource-based relative value scale (RBRVS) uses relative value units (RVUs) to track costs and productivity. This system simplifies discussions on physician compensation and performance comparisons within and between medical groups.

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Area of Science:

  • Health Economics
  • Medical Practice Management
  • Healthcare Administration

Background:

  • The Resource-Based Relative Value Scale (RBRVS) is a system used to define physician payment.
  • Understanding the resources consumed in medical procedures is crucial for accurate cost accounting.
  • Current methods may not adequately link practice revenue and costs to provider productivity.

Purpose of the Study:

  • To explore the utility of the Resource-Based Relative Value Scale (RBRVS) for cost accounting in group practices.
  • To assess how RBRVS can facilitate discussions regarding physician productivity and compensation.
  • To highlight the benefits of using RBRVS for comparing physician performance.

Main Methods:

  • Utilizing the Resource-Based Relative Value Scale (RBRVS) framework.

Related Experiment Videos

  • Indexing procedures and costs using relative value units (RVUs).
  • Analyzing practice revenue and costs in relation to RVUs.

    • Main Results:

    • RBRVS provides a common basis for indexing procedures and costs.
    • RVUs quantify the resources consumed for each service.
    • Administrators can more effectively discuss productivity and compensation using RBRVS.

    Conclusions:

    • RBRVS offers a valuable tool for group practice administrators.
    • It simplifies the process of relating practice revenue and costs to provider productivity.
    • RBRVS facilitates performance comparisons across specialties and external groups.