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Cost per procedure, sometimes known as price per procedure, is a medical pricing model which describes the average cost of receiving a certain medical procedure. [1]
RBRVS assigns procedures performed by a physician or other medical provider a relative value which is adjusted by geographic region (so a procedure performed in Manhattan is worth more than a procedure performed in Dallas). This value is then multiplied by a fixed conversion factor, which changes annually, to determine the amount of payment.
Administrative costs. About 25% of U.S. healthcare costs relate to administrative costs (e.g., billing and payment, as opposed to direct provision of services, supplies and medicine) versus 10-15% in other countries. For example, Duke University Hospital had 900 hospital beds but 1,300 billing clerks.
The Procedure Classes can be used to categorize procedure codes into one of four broad categories: minor diagnostic, minor therapeutic, major diagnostic, and major therapeutic. The Procedure Classes for ICD-9-CM were updated annually from January 1, 1980, through September 30, 2015.
In the mid-1980s, U.S. health care "payments for doing procedures had far outstripped payments for diagnosis". [2] For example, "doctors who spent an hour making a complex and lifesaving diagnosis were paid forty dollars; for spending an hour doing a colonoscopy and excising a polyp, they received more than six hundred dollars". [ 2 ]
If the template has a separate documentation page (usually called "Template:template name/doc"), add [[Category:Medicine procedure templates]] to the <includeonly> section at the bottom of that page.