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Work RVU Equation:
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The Work Relative Value Unit (wRVU) is a measure used in Medicare's physician payment system to quantify the value of services provided. It accounts for the time, skill, and intensity required to perform a medical service.
The calculator uses the basic wRVU equation:
Where:
Explanation: The equation multiplies the time spent on a service by its intensity factor to determine the relative value units.
Details: wRVU is crucial for Medicare reimbursement, physician productivity measurement, and practice management. It helps standardize the valuation of medical services across specialties.
Tips: Enter the time spent on the service in minutes and the appropriate intensity factor. Both values must be positive numbers.
Q1: Where can I find intensity factors for specific procedures?
A: The Medicare Physician Fee Schedule provides intensity factors for all covered procedures.
Q2: How often are wRVU values updated?
A: Medicare updates RVU values annually, typically effective January 1st each year.
Q3: Are wRVUs the same across all payers?
A: While Medicare sets the standard, private payers may use modified RVU values.
Q4: What other components make up total RVU?
A: Total RVU includes work (wRVU), practice expense (peRVU), and malpractice (mRVU) components.
Q5: How are wRVUs used in physician compensation?
A: Many practices use wRVUs as part of productivity-based compensation models.