1992
DOI: 10.1097/00005650-199211001-00001
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An Overview of the Development and Refinement of the Resource-Based Relative Value Scale The Foundation for Reform of U.S. Physician Payment

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Cited by 105 publications
(82 citation statements)
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“…OC is a concept commonly used in commerce and economics to assign value to educational processes. The American Medical Association has used this method to assess the value of specialty education of physicians (Hsiao et al 1992). OC loss is the measure of forgone alternatives (Frank et al 2003).…”
Section: Discussionmentioning
confidence: 99%
“…OC is a concept commonly used in commerce and economics to assign value to educational processes. The American Medical Association has used this method to assess the value of specialty education of physicians (Hsiao et al 1992). OC loss is the measure of forgone alternatives (Frank et al 2003).…”
Section: Discussionmentioning
confidence: 99%
“…14 In addition, the assignment of physician service costs using methods such Time-driven activity-based costing: a driver for provider engagement in costing activities and redesign initiatives as the ratio of costs to charges (RCC) or the Medicare resource-based relative value scale (RBRVS) has been criticized heavily regarding its allocation methodology and calibration. 3,11,19 Therefore, an updated, unified, reliable, and transparent method of measuring the costs of hospital-and physician-related services is needed. 33 Recently, time-driven activity-based costing (TDABC) has gained popularity in health economics as an accurate costing methodology that provides clinicians and staff with valid, actionable process and cost data to redesign care effectively.…”
Section: ©Aans 2014mentioning
confidence: 99%
“…Standardized costs are computed by applying the same price for each class of inputs across providers and over time, so that the observed variance in expenses is determined only by variations in mix and volumes of the various medical care services delivered to patients. A standardized costing scheme represents a set of relative resource intensity weights, akin to resource-based relative value units (RVUs) (16,17). Relative resource weights derive their face validity from knowing the types, intensity, and complexity of specific medical care services.…”
Section: Costing Basicsmentioning
confidence: 99%