Practice expense RVUs phased in over four years
August 1, 1998 less than 1 minute read
Practice expense RVUs phased in over four years
Rather than hit all the practices in the country at once with a dramatic change in their Medicare physician fee schedules, Congress has directed that the new practice expense formula be phased in over a four-year period.
Here's how the changes would occur:
· 1999: The practice expense RVUs are based on 75% of the practice expense RVUs applicable to services furnished in 1998 and 25% of the new relative practice expense resources involved in furnishing the service.
· 2000: The practice expense RVUs are based on 50% of the practice expense RVUs applicable to services furnished in 1998 and 50% of the new relative practice expense resources.
· 2001: The practice expense RVUs are based on 25% of the practice expense RVUs applicable to services furnished in 1998 and 75% of the new practice expense RVU.
· 2002 and subsequent years: The practice expense RVUs are based entirely on relative practice expense resources.
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