Question

What three factors does RBRVS use to determine prices?

A) Patient age, diagnosis, and location
B) Physician experience, patient satisfaction, and procedure complexity
C) Physician work, practice expense, and malpractice insurance
D) Government regulations, hospital size, and healthcare outcomes

Answer 1

RBRVS uses physician work, practice expense, and malpractice insurance to determine prices.

Step-by-step explanation:

The three factors that RBRVS (Resource-Based Relative Value Scale) uses to determine prices are:

1. Physician work: This factor considers the time, effort, skill, and training required to perform a particular medical service. It includes both the cognitive and physical aspects of the work.
2. Practice expense: This factor takes into account the costs incurred by the healthcare provider in maintaining their practice, such as rent, equipment, supplies, and overhead expenses.
3. Malpractice insurance: RBRVS considers the cost of malpractice insurance, which is an important factor for physicians in determining the price of their services.

These factors help to ensure that the prices set for medical services are fair and reflect the value of the work involved.