The Physician Fee Schedule Is Updated Each April 15 and Is

question 37

Multiple Choice

The physician fee schedule is updated each April 15 and is composed of:

• A)the relative value units for each service
• B)a geographic adjustment factor to adjust for regional variations in the cost of operating a health care facility
• C)a national conversion factor
• D)all of the above
• E) none of the above

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Definitions:

Problem Identification

The initial step in the problem-solving process where the issue is clearly defined and understood before seeking solutions.

Stakeholders

Individuals, groups, or organizations that have an interest or concern in an organization and can be affected by the organization's actions, objectives, and policies.

Bounded Rationality

A concept that suggests individuals make decisions based on a limited amount of information and cognitive constraints.

Rational Choice

is a theory that assumes individuals make decisions based on the maximization of personal advantage, weighing benefits against costs.