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  2. Specialty Society Relative Value Scale Update Committee

    en.wikipedia.org/wiki/Specialty_Society_Relative...

    Before the 1992 implementation of the Medicare fee schedule, physician payments were made under the "usual, customary and reasonable" payment model (a "charge-based" payment system). Physician services were largely considered to be misvalued under this system, with evaluation and management services being undervalued and procedures overvalued ...

  3. Relative value unit - Wikipedia

    en.wikipedia.org/wiki/Relative_value_unit

    The Omnibus Budget Reconciliation Act of 1989 enacted a Medicare fee schedule, and as of 2010 about 7,000 distinct physician services were listed. [2] The services are classified under a nomenclature based on the Current Procedural Terminology (CPT) to which the American Medical Association holds intellectual property rights. [ 2 ]

  4. Resource-based relative value scale - Wikipedia

    en.wikipedia.org/wiki/Resource-based_relative...

    Using the 2005 Conversion Factor of $37.90, Medicare paid 1.57 * $37.90 for each 99213 performed, or $59.50. Most specialties charge 200–400% of Medicare rates for their procedures and collect between 50 and 80% of those charges, after contractual adjustments and write-offs. [citation needed]

  5. Medicare Advantage Private Fee-for-Service (PFFS) plans: An ...

    www.aol.com/lifestyle/medicare-advantage-pffs...

    Private Fee-for-Service (PFFS) plans are one of four main types of Medicare Advantage policies that private insurance companies administer. The plans have specific rules relating to costs paid to ...

  6. Long Island woman, 51, killed after cab driver crashes car ...

    www.aol.com/long-island-woman-51-killed...

    The crash sent the taxi careening onto the sidewalk, where the vehicle hit the 51-year-old woman and two men, 44 and 49. The woman was “pinned” against a fence by the vehicle, a police source said

  7. One dead in small plane crash on I-684 in Westchester County

    www.aol.com/one-dead-small-plane-crash-042400906...

    HARRISON. N.Y. -- One person was killed when a small plane crashed along Interstate-684 in Westchester County, New York, on Thursday night. New York State Police said two people were aboard the ...

  8. Bundled payment - Wikipedia

    en.wikipedia.org/wiki/Bundled_payment

    In a 1997 analysis, it was estimated that in 1991–1993, the original four hospitals would have had expenditures of $110.8 million for coronary artery bypasses for Medicare beneficiaries, but the change in reimbursement methodology saved $15.31 million for Medicare and $1.84 million for Medicare beneficiaries and their supplemental insurers ...

  9. Fee-for-service - Wikipedia

    en.wikipedia.org/wiki/Fee-for-service

    Fee-for-service (FFS) is a payment model where services are unbundled and paid for separately. [ 1 ] In health care, it gives an incentive for physicians to provide more treatments because payment is dependent on the quantity of care, rather than quality of care.