Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. Assume that a primary care physician practice performs only physical examinations. However, there are three levels of examination-I, II, and III-that vary in depth

image text in transcribed
11. Assume that a primary care physician practice performs only physical examinations. However, there are three levels of examination-I, II, and III-that vary in depth and complexity. An RVU analysis indicates that a level I examination requires 10 RVUs, a level II exam 20 RVUs, and a level III exam 30 RVUs. The total costs to run the practice, including a diagnostic laboratory, amount to $500,000 annually, and the numbers of examinations administered annually are 2,400 level I, 800 level II and 400 level III. Using RVU methodology, what is the estimated cost per type of examination? (10 Points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Sustainability

Authors: Karolina Daszyńska-Żygadło, Agnieszka Bem, Bożena Ryszawska, Erika Jáki, Taťána Hajdíková

1st Edition

3030344037, 978-3030344030

More Books

Students also viewed these Finance questions