Wednesday, July 24, 2013

Paying for Physician services


Subject: Healthcare
Mr. Smith is a 68-year-old Medicare beneficiary. He sought treatments from Dr. Johnson. Assume the following values for the services provided by Dr. Johnson:
Categories
RVU
Geographic Cost Index
Product
Work
27.45
1.092
29.98
Practice Expense
43.05
1.743
75.04
Malpractice
10.32
0.543
5.60
Conversion Factor: 64.43
How much will Medicare pay Dr. Johnson if Dr. Johnson is a Medicare participating physician? How much out-of-pocket payment will Mr. Smith be responsible for?
How much will Medicare pay Dr. Johnson if Dr. Johnson is a Medicare non-participating physician who elects assignment? How much out-of-pocket payment will Mr. Smith be responsible for?
How much will Medicare pay Dr. Johnson if Dr. Johnson is a Medicare non-participating physician who does not elect assignment? How much out-of-pocket payment will Mr. Smith be responsible for?
Categories
RVU 27.45 43.05 10.32
Geographic Cost Index 1.092 1.743 0.543
Product 29.98 75.04 5.60
Categories RVU Geographic C I Product
Work. 27.45 1.092 29.98
Practice expense 43.05 1.743 75.04
Malpractice 10.32 0.543 5.60
Conversion factor: 64.43

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