Calculate newagehospitals cost to collect for year and

Reference no: EM13476973

NewAge Hospital generated net patient revenues of $145M for 2012, and its cash collections were $125M. The revenue cycle management costs to collect these revenues were $5M.

a. Compute NewAgeHospital's cost to collect for the year and provide an assessment of how it compares with the industry benchmark of 3%.

b. Compute NewAge Hospital's cost to collect for the year if 25% of the cash collections during the year required human intervention and its EDI costs were $500,000. Provide an assessment of how it compares with the industry benchmark of 4%.

Reference no: EM13476973

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