Increased admission rate have on cost

Reference no: EM13273117

Based on the below information, what dollar effect did the increased admission rate have on cost? You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Use the following data to calculate the variances. Budget Actual Inpatient Costs $12,568,500 $16,618,350 Members 42,000 42,000 Admission Rate 0.070 0.095 Case Mix Index 0.90 0.85 Cost per Case (CMI = 1.0) $4,750 $4,900

Reference no: EM13273117

Questions Cloud

Evolution of healthcare since america : Your lectures in the first half of our course provided a good overview of the evolution of healthcare since America became a nation. Briefly describe healthcare in the United States from the early 1900s through the World Wars.

Outsourcing administration of benefits : Outsourcing Administration of Benefits

What is the largest slit width : Light from a helium-neon laser (lamda=633nm) is incident on a single slit. What is the largest slit width

What is the resulting time constant : A series RC circuit, which is made from a battery, a switch, a resistor, and a 4.0-µF capacitor, has a time constant of 8.0 ms. what is the resulting time constant

Increased admission rate have on cost : Based on the below information, what dollar effect did the increased admission rate have on cost? You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided.

Use the internet to investigate the leadership style : Use the Internet to investigate the leadership style and effectiveness of Jack Ma, Founder - Alibaba Group.

Valuation of the effectiveness of the health care system : What is your evaluation of the effectiveness of the U.S. health care system in the context of delivery, finance, management, and/or sustainability? What are the issues that prompted a need for health care reform?

Develop a hypothetical design plan : Develop a hypothetical design plan

What is the receivables turnover : What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 3 decimal places. (e.g., 32.161))

User Account

All Pages