Question: CHAPTER 7: SERVICE LINE COSTING AND PRICING Homework Problem 3.3 Assume that a primary care physician practice performs only one type of physical exam with

CHAPTER 7: SERVICE LINE COSTING AND PRICING Homework Problem 3.3 Assume that a primary care physician practice performs only one type of physical exam with three different levels, depending upon the depth and complexity of each exam. An RVU analysis determined the required RVUs for each exam as indicated below. The total costs to run the practice as well as the annual projected number of examinations for each level are also listed below. Exam Level Level II Level II Total exams Total costs RVU'S 35 40 60 3 Exams 4,000 2.250 1.500 7.750 $700,000 a. Calculate the total RVUS Levell Level II Level II Total b. Using RVU methodology, what is the estimated cost per RVU? Cost per RVU c. What is the estimated cost per type of exam (rounded to two decimals)? Levell Level II Level II d. Based on the cost per exam, what is the estimated annual cost for each exam and the total cost for all three tests combined? Level 1 Level II Level II Total costs

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