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2 pages/β‰ˆ550 words
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Style:
APA
Subject:
Health, Medicine, Nursing
Type:
Essay
Language:
English (U.S.)
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MS Word
Date:
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Topic:

Computation of Total Relative Value Units and Adjusted Variable Costs

Essay Instructions:

Assignment Content
This collaborative assignment prepares you to work on the financial projections in Part 3 of your Capstone Project.
With your group, complete the Collaborative Assignment: Costing an Outpatient Clinic (https://myresource(dot)phoenix(dot)edu/secure/resource/MHA599v2/mha599_v2_capstone_project_calculations.pdf).
For help with locating RVUs and calculating required values, reference Capstone Project: Formulas and Examples. (https://myresource(dot)phoenix(dot)edu/secure/resource/MHA599v2/mha599_v2_capstone_project_calculations.pdf). Also, refer to the readings and resources for this week to inform your projections.
Cite any references to support your assignment.
Format your citations according to APA guidelines.
Dear writer,
The state to base the calculation on should be Colorado. Also, the tables I should be covering are 5 & 6 ONLY.
And just an FYI: The healthcare need from the list we chose is WELLNESS CECK-UP. Also, for staffing, my group and I are writing about 1 provider, 2 nurses, and 2 support staff.
I also uploaded the correct links for the assignment. The two links that I uploaded in the instruction are null. Thanks
And just an FYI: The healthcare need from the list we chose is WELLNESS CECK-UP. Also, for staffing, my group and I are writing about 1 provider, 2 nurses, and 2 support staff.

Essay Sample Content Preview:

Computation of Total Relative Value Units and Adjusted Variable Costs
The Total Relative Value Units (RVUs) refer to the reimbursement physicians will receive for their services to their insured clients from Medicare CITATION You07 \l 1033 (Yousem & Beauchamp, 2007). After conducting an initial analysis of the Physician Fee Schedule, the authors found the following results.
Table 1.
Results from Conducting an RVU and GPCI analysis. LINK Excel.Sheet.12 "Book1" "Sheet1!R10C6:R16C7" \a \f 5 \h \* MERGEFORMAT
Values


Work RVU

2.60

FIF PE RVU

2.13

MP RVU

0.17

GPCI Work

1.001

GPCI PE

1.047

GPCI MP

0.767

These results are essential for the subsequent step, which is calculating the total RVU by adding the values of (1) Work RVU x Work GCI, (2) Practice RVU x Practice GCI, and (3) Malpractice RVU x Malpractice GCI. Using the formulas, the Total RVU yielded an answer of 4.9631 units. After that, this was multiplied by the conversion factor of $34.89, which represents the amount that the physician should receive per visit CITATION CMS21 \l 1033 (CMS.Gov, 2021). This resulted in the amount of $173.16 per visit.
Table 2.
Calculation of Physician Reimbursement LINK Excel.Sheet.12 "Book1" "Sheet1!R10C6:R16C10" \a \f 5 \h \* MERGEFORMAT
Calculation

Result

Work RVU x Work GCI

2.6026

Practice RVU x Practice GCI

2.23011

Malpractice RVU x Malpractice GCI

0.13039

Total RVU

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