What is the 2021 RVU conversion factor?
Contents
What is the 2021 RVU conversion factor?
$34.89 per RVU
Medicare’s final rule, and the subsequent Consolidated Appropriations Act of 2021, reduced its conversion factor from $36.09 per RVU to $34.89 per RVU.
What is RVU conversion factor?
Basically, the relative value of a procedure multiplied by the number of dollars per Relative Value Unit (RVU) is the fee paid by Medicare for the procedure (RVUW = physician work, RVUPE = practice expense, RVUMP = malpractice). The Conversion Factor (CF) is the number of dollars assigned to an RVU.
How is work RVU calculated?
Calculating RVUs can be a complex process, but it’s not difficult to grasp the basics. All three components of the RVU value are added together. This number is multiplied by the GPCI to account for location. That result is then multiplied by a conversion factor that changes every year to get a final dollar amount.
How many RVU is a 99214?
View/Print Table
| Code | Work RVUs | National payment amount, non-facility |
|---|---|---|
| 99214, Established-patient office visit | 1.5 | $108.20 |
| 99215, Established-patient office visit | 2.11 | $168.39 |
| Transitional care management | ||
| 99495, Moderate complexity TCM | 2.11 | $165.52 |
How much do doctors get paid per RVU?
On average, physicians are typically paid $42 per RVU performed. A physician who performs 3,000 RVUs in a year should make about $126,000.
How much is a work RVU worth?
The current Medicare conversion factor is $37.89 per RVU. In other words, Medicare would pay $37.89 for a code worth 1 RVU, $75.78 for a code worth 2 RVUs, $378.90 for a code worth 10 RVUs and so on, regardless of the type of service.
How many RVU is 99213?
View/Print Table
| Code | Work RVUs | Total RVUs |
|---|---|---|
| 99211 | 0.17 | 0.55 |
| 99212 | 0.45 | 0.94 |
| 99213 | 0.67 | 1.29 |
| 99214 | 1.10 | 1.99 |
What is the average RVU for gastroenterologist?
8,264
The median work RVU for gastroenterologists was 8,264 according to the American Medical Group Association’s “2016 Medical Group Compensation and Financial Survey,” a 2016 report based on 2015 data.