Question: Assume that a primary care physician practice performs only physical examinations. However, there are three levels of examination 1,11, and IIII-that vary in depth and

 Assume that a primary care physician practice performs only physical examinations.

Assume that a primary care physician practice performs only physical examinations. However, there are three levels of examination 1,11, and IIII-that vary in depth and complexity. An RVU analysis indicates that a level I examination requires 20 RVUs, a level II exam 30 RVUs, and a level III exam 40 RVUs. The total costs to run the practice, including a diagnostic laboratory, amount to $800,000 annually, and the numbers of examinations administered annually are 3,400 level I, 500 level II, and 600 level III. Using RVU methodology, what is the estimated cost per type of examination? 499,992 599,992 699,992 799,983

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!