AMA CPT® Assistant - 2007 Issue 12 (December)

AMA/Specialty Society RVS Update Process (December 2007)

December 2007 pages 3-6 AMA/Specialty Society RVS Update Process In 1992, Medicare significantly changed the way it pays for physicians' services. Instead of basing payments on the usual, customary, or reasonable charges of providers, the federal government established a standardized physician payment schedule based on a resource-based relative value scale (RBRVS), in which payments for services are supposed to be based on a careful analysis of the resource costs required to provide them. The cost of providing each service has three distinct components: physician work, practice expense, and professional liability insurance. Each component is expressed in units that are...

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