What does the 'practice expense' component in RVUs typically include?

The 'practice expense' component in Relative Value Units (RVUs) typically encompasses various costs associated with running a practice, which includes both overhead expenses and non-physician labor costs. This component specifically covers items such as office rent, utilities, and the costs of equipment necessary for providing medical services. By reflecting these operational costs, the practice expense component allows for a more accurate valuation of the resources required to deliver patient care.

Other elements, like the salaries of healthcare providers, fall under the 'work' component of RVUs, while malpractice premiums are considered a separate cost related to risk management in healthcare. Patient consultation fees are revenues generated from services rather than costs incurred, and thus do not fit within the practice expense definition. Therefore, focusing on the costs specifically associated with maintaining a medical practice, the most accurate choice is the inclusion of office rent and equipment costs.