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Fair Market Value (FMV) Compensation Rates are the rates used to determine the amount of compensation for services provided by healthcare providers in Managed Care. FMV Compensation Rates are based on the prevailing market rate for similar services in the same geographic area. These rates are determined by analyzing the fees charged by other providers in the same geographic area for similar services. FMV Compensation Rates are used to ensure that providers are fairly compensated for their services and that the cost of care is kept affordable for patients.
Some of the companies in the FMV Compensation Rates market include Optum, Change Healthcare, and Health Care Cost Institute. Show Less Read more