Chapter 4: Medicare Reimbursement Flashcards
1
Q
Medicare Reimburses physicians based on a?
A
Medicare Physician Fee Schedule for services provided.
2
Q
What is the first fee schedule?
A
The Medicare approved amounts assigned to services.
3
Q
What is the second fee schedule?
A
Updated by CMS each year.
4
Q
What is the third fee schedule?
A
Based on payment components that compare the value of a service with other services provided and measure.
5
Q
How are Relative value units or RVUs compare the value of a service with other services?
A
By physician work, Practice expense and Malpractice expense.
