Which of the following statements about the "resource-based relative value" used by Medicare is correct?
Select Your Answer:
The RBRVS is supposed to help manage the rising cost of healthcare, but there is no evidence that it works.
The RBRVS computes a set fee plan for services in advance.
RBRVS is based on an economic theory of "objective value" such that by knowing economic inputs one can determine the value of economic outputs.
Objective value economic theories, like the labor theory of value, have been, with this exception, largely discarded by economists since the marginal (subjective) theory of value developed in the 1870s.
*eMedicine, Google Scholar, UpToDate, WheelessOnline, and DermNet are not affiliated with StatPearls. We do not control their content or advertising.
Adult Lab Normals
Pediatric Lab Normals
Committee Representation and Medicare Reimbursements-An Examination of the Resource-Based Relative Value Scale., Gao YN,, Health services research, 2018 Apr 6 [PubMed]
The Korean Spinal Neurosurgery Society ; Are We Reimbursed Properly for Spinal Neurosurgical Practices under the Korean Resource Based Relative Value Scale Service?, Kwon WK,Kim JH,Moon HJ,Park YK,, Journal of Korean Neurosurgical Society, 2017 Jan 1 [PubMed]
Integration of new technology into clinical practice after FDA approval., Govil A,Hao SC,, Journal of interventional cardiac electrophysiology : an international journal of arrhythmias and pacing, 2016 Oct [PubMed]
Retrospective analysis of billing at a standalone medication therapy management clinic., Hager KD,Gosser RA,, American journal of health-system pharmacy : AJHP : official journal of the American Society of Health-System Pharmacists, 2016 Jan 15 [PubMed]
[[Technical evaluation of medical practice--conversion from things to skill and art. Topics: III. The view of technical evaluation referenced foreign countries and other fields; 1. Stance of physician fee evaluation with reference to United States RBRVS]., Takura T,, Nihon Naika Gakkai zasshi. The Journal of the Japanese Society of Internal Medicine, 2014 Dec 10 [PubMed]