The new Business Cost Premium (BCP) was negotiated in the 2019 Physician Master Agreement to help physicians offset some of the costs associated with running their office. Physicians will be able to claim the BCP on fees for consultation, visit, counseling, and complete examination services to help cover the rising rent, lease, or ownership costs of a community-based office. Physicians need to register their facility and attach themselves as a practitioner of the facility. The BCP came into effect 1 April 2020.
Eligible physicians are those who provide eligible services in an eligible community-based office and who are responsible for some or all of the lease, rental, or ownership costs of that office, either directly or indirectly. Physicians must also be entitled to receive and retain payment for the eligible fees directly from MSP (that is, payments assigned to health authorities are not eligible for the premium).
The BCP will be applied to eligible fees submitted on a physician’s billing claims, and will be paid to the physician’s (or assigned) payee number. The claims system will apply the percentage for the premium and calculate the daily maximum. In order to identify the physical location in which services are provided and for the correct percentage premium to be applied, physicians need to register their community-based office for a facility number, which is a unique physician/office location-identifier.
If an eligible physician is responsible for some or all of the lease, rental, or ownership costs at more than one community-based location, they need to register each location where eligible services are provided.
Community-based offices with multiple eligible physicians should assign one physician to act as the administrator and register the office for a facility number. It is not required that all physicians in the same clinic apply for a facility number. However, each eligible physician is required to complete an Attach Practitioner to MSP Facility Number application form using the facility number obtained by your administrator.
See “Business Cost Premium links” for links to forms and more information.
Business Cost Premium links
List of eligible fees
- Apply for facility number: https://my.gov.bc.ca/bcp/register-facility
- Attach practitioner to MSP facility number: https://my.gov.bc.ca/bcp/practitioner-registration
Fill and print forms
- Apply for facility number: www2.gov.bc.ca/assets/gov/health/forms/2948fil.pdf
- Attach practitioner to MSP facility number: www2.gov.bc.ca/assets/gov/health/forms/2950fil.pdf
For more information
Above is the information needed to cite this article in your paper or presentation. The International Committee
of Medical Journal Editors (ICMJE) recommends the following citation style, which is the now nearly universally
accepted citation style for scientific papers:
Halpern SD, Ubel PA, Caplan AL, Marion DW, Palmer AM, Schiding JK, et al. Solid-organ transplantation in HIV-infected patients. N Engl J Med. 2002;347:284-7.
About the ICMJE and citation styles
The ICMJE is small group of editors of general medical journals who first met informally in Vancouver, British Columbia, in 1978 to establish guidelines for the format of manuscripts submitted to their journals. The group became known as the Vancouver Group. Its requirements for manuscripts, including formats for bibliographic references developed by the U.S. National Library of Medicine (NLM), were first published in 1979. The Vancouver Group expanded and evolved into the International Committee of Medical Journal Editors (ICMJE), which meets annually. The ICMJE created the Recommendations for the Conduct, Reporting, Editing, and Publication of Scholarly Work in Medical Journals to help authors and editors create and distribute accurate, clear, easily accessible reports of biomedical studies.
An alternate version of ICMJE style is to additionally list the month an issue number, but since most journals use continuous pagination, the shorter form provides sufficient information to locate the reference. The NLM now lists all authors.
BCMJ standard citation style is a slight modification of the ICMJE/NLM style, as follows:
- Only the first three authors are listed, followed by "et al."
- There is no period after the journal name.
- Page numbers are not abbreviated.
For more information on the ICMJE Recommendations for the Conduct, Reporting, Editing, and Publication of Scholarly Work in Medical Journals, visit www.icmje.org