Patent ID: 8484043

Claim:
A method of analyzing medical procedure activity-based costing and margin, the method comprising: calculating, using a computing device, Relative Value Units (RVUs) stored in a common database by including all valid services in a determination of medical practice outputs; providing a selection of RVU weights from Centers for Medicare and Medicaid Services (CMS)-published RVU weight tables, stored in the common database, including Location of Service as an attribute of output; associating, using the computing device, a performed medical procedure with at least one of the RVUs; modifying, using the computing device, the at least one of the RVUs in accordance with the performed medical procedure to produce a procedure-specific, location-specific, and a modifier-adjusted (PLM) RVU value; and calculating, using the computing device, a PLM service product cost based on the PLM RVU value and a service product cost during a predetermined reference period, wherein the service product cost is a calculated cost of the performed medical procedure, the location of service defines that the medical procedure was performed at a facility or a non-facility location, and the RVUs are product-specific and location-specific, the facility location is defined as a site in which medical procedures are delivered with designations provided by the CMS, and the non-facility location is defined as a site that is not the facility location.