Using the weighted procedure methodof setting rates, calculate the relativevalueand cost per procedure for the following lab procedures, givenatotal labcostof $1.25 million andanaverage hourly lab tech rateof $15 (to calculate the RVU, divide the total sample expense by the com-mon denominator of .25): Projected Amylase Bleeding time Uric acid Platelet count Hematocrit 4,000 5,000 3,000 7,800 7,600 Labor ProcedureVolumeinMinutes 0 15 12 10 09 8 Supply Expense ($) .75 .50 .50 .25 .25

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