Under the RBRVS, each HCPCS/CPT code contains 3 components, each having assigned relative value units. These 3 components are

Question

Quizplus · Accepted Answer

The RBRVS system consists of three components: physician work, practice expense, and malpractice insurance expense. The physician work component represents the relative amount of time, effort, and skill required to provide a particular service, while the practice expense component reflects the costs of maintaining a medical practice, such as rent, supplies, and non-physician staff salaries. The malpractice insurance expense component considers the potential liability costs associated with a particular service. Each component is assigned a relative value unit, which is then multiplied by a conversion factor to determine the Medicare payment for that service.

Under the RBRVS, Each HCPCS/CPT Code Contains 3 Components, Each