Difference between revisions of "Charge Question and Answers"
Jerri.cowper (talk | contribs) (Created page with "Question: How are RVU values managed when the organization does not have a dictionary interface with their practice management system? Answer: ''Answer Pending'' Question: Wh...") |
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Answer: Insurance contracts are written to typically pay the first procedure at 100% of its value (RVU X $) then 50% for the second procedure and then some contracts even continue the multiple procedure discount to 25% for each procedure thereafter. Therefore you will want your most valuable RVU procedure's listed first. | Answer: Insurance contracts are written to typically pay the first procedure at 100% of its value (RVU X $) then 50% for the second procedure and then some contracts even continue the multiple procedure discount to 25% for each procedure thereafter. Therefore you will want your most valuable RVU procedure's listed first. | ||
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+ | Question: Where do I see the RVU's and how do I reorder them? | ||
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+ | Answer: RVU's are listed next to the description and the up/down arrows can be used to reorder them. | ||
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+ | [[File:RVUOrder.jpg]] |
Revision as of 16:16, 21 February 2011
Question: How are RVU values managed when the organization does not have a dictionary interface with their practice management system?
Answer: Answer Pending
Question: What in an RVU?
Answer: Relative Value Unit – it is the value attached to a single CPT code that derives how much is paid by the insurance. Each insurance contract specifies a dollar amount that will be calculated by that value. For example, a procedure has an RVU of 4.36 and the insurance’s procedure dollar amount is $36 that means the insurance will pay $156.96.
Question: Why is it important to place the procedures in RVU order?
Answer: Insurance contracts are written to typically pay the first procedure at 100% of its value (RVU X $) then 50% for the second procedure and then some contracts even continue the multiple procedure discount to 25% for each procedure thereafter. Therefore you will want your most valuable RVU procedure's listed first.
Question: Where do I see the RVU's and how do I reorder them?
Answer: RVU's are listed next to the description and the up/down arrows can be used to reorder them.