Question

Relative value studies such as Relative Value Scale and Resource-based Relative Value Scales serve the purpose of:

A) Setting physician salaries
B) Determining insurance premiums
C) Assigning value to medical procedures for reimbursement
D) Regulating medical school admissions

Answer 1

Relative value studies like the RVS and RBRVS assign value to medical procedures for reimbursement purposes.

Step-by-step explanation:

Relative value studies such as the Relative Value Scale (RVS) and Resource-based Relative Value Scales (RBRVS) serve the purpose of assigning value to medical procedures for reimbursement. These studies help determine how much insurance companies should reimburse medical care providers based on the complexity and resources required for each procedure. The values assigned through these studies also help in setting appropriate fees for medical services.