What are three components of relative value units?

Answer 1

Relative value units (RVUs) are comprised of three main components: the work RVU, which reflects the physician's effort and time spent on patient care; the practice expense RVU, which accounts for the overhead costs associated with running a practice, including equipment and staff; and the malpractice RVU, which considers the liability costs related to providing medical services. Together, these components help determine the overall value of medical services and facilitate reimbursement rates from insurance providers.