MHA 710 Exam 3 (A) 2025/2026 Exam
Questions and Answers | A+ Score
Assured
Marginal revenue product: - 🧠 ANSWER ✔✔The change in total revenue
resulting from the sale of the output produced by an additional unit of a
resource.
Relative-value unit: - 🧠 ANSWER ✔✔Metric used to measure resource use
(time, effort, and investment) involved in the production of physicians'
services. Components measured include work effort, practice expense, and
the cost of professional liability insurance.
Resource-based relative value scale (RBRVS): - 🧠 ANSWER ✔✔A
classification system for physicians' services, using a weighting scheme
, that reflects the relative value of the various services performed. Developed
for Medicare by a group of Harvard researchers, the RBRVS considers
time, skill, and overhead cost required for each service. When used in
conjunction with a monetary conversion factor, medical fees are
determined.
Usual, customary, and reasonable (UCR) charges: - 🧠 ANSWER ✔✔A
price ceiling set to limit fees to the minimum of the billed charge, the price
customarily charged by the provider, and the prevailing charge in the
geographic region.
Relative-value scale (RVS): - 🧠 ANSWER ✔✔An index that assigns weights
to various medical services used to determine the relative fees assigned to
them.
Monetary conversion factor: - 🧠 ANSWER ✔✔A monetary value used to
translate relative value units into dollar amounts to determine a fee
schedule.
Arbitrage: - 🧠 ANSWER ✔✔The practice of simultaneously buying a
commodity at one price and selling it at a higher price.
Questions and Answers | A+ Score
Assured
Marginal revenue product: - 🧠 ANSWER ✔✔The change in total revenue
resulting from the sale of the output produced by an additional unit of a
resource.
Relative-value unit: - 🧠 ANSWER ✔✔Metric used to measure resource use
(time, effort, and investment) involved in the production of physicians'
services. Components measured include work effort, practice expense, and
the cost of professional liability insurance.
Resource-based relative value scale (RBRVS): - 🧠 ANSWER ✔✔A
classification system for physicians' services, using a weighting scheme
, that reflects the relative value of the various services performed. Developed
for Medicare by a group of Harvard researchers, the RBRVS considers
time, skill, and overhead cost required for each service. When used in
conjunction with a monetary conversion factor, medical fees are
determined.
Usual, customary, and reasonable (UCR) charges: - 🧠 ANSWER ✔✔A
price ceiling set to limit fees to the minimum of the billed charge, the price
customarily charged by the provider, and the prevailing charge in the
geographic region.
Relative-value scale (RVS): - 🧠 ANSWER ✔✔An index that assigns weights
to various medical services used to determine the relative fees assigned to
them.
Monetary conversion factor: - 🧠 ANSWER ✔✔A monetary value used to
translate relative value units into dollar amounts to determine a fee
schedule.
Arbitrage: - 🧠 ANSWER ✔✔The practice of simultaneously buying a
commodity at one price and selling it at a higher price.
