Relative Value Units and Accounting
This paper discusses relative value units (RVU), accounting, how values are assigned to various procedures, whether values stay the same when costs rise and what initiates the change in the RVU.
# 7386 | 2,655 words | 9 sources | MLA | 2002
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The following paper discusses how values are assigned to various procedures and how values stay the same when costs rise as well as what initiates the change in the relative value units.
From the Paper:"One of the first questions about Relative Value Units in accounting is what is it? Larry Shackelford says, “The use of a resource-based relative value scale (RBRVS) allows procedures and costs to be indexed on a common or relative basis, using relative value units (RVUs) linked to the amount of resources consumed” (67). Accounting is easier using relative value units in discussing productivity with physicians or other providers than using fee schedules. The advantage of using resource-based relative value scale (RBRVS) is that it has a convenient format for comparing specialties within groups and with physician groups.Often those in accounting find it difficult to compare physician and mid-level providers services. Larry Shackelford says, “These difficulties may include developing a reporting format that compares physicians with other physicians in the same specialty within the group or with similar physicians externally. These reporting comparisons can be further complicated when comparing physicians across different specialties or within a multi-specialty group."
Cite this Essay:
Relative Value Units and Accounting (2003, February 06) Retrieved March 08, 2021, from https://www.academon.com/essay/relative-value-units-and-accounting-7386/
"Relative Value Units and Accounting" 06 February 2003. Web. 08 March. 2021. <https://www.academon.com/essay/relative-value-units-and-accounting-7386/>