What are the proportions of the total cases for each payer

Assignment Help Accounting Basics

Reference no: EM132818952

Question - Assignment Overview - Individual Project Unit - Evaluating Financial Statements

PART 1 - Your facility has 2000 cases in the following payer mix:

40% commercial insurances

25% Medicare insurance

15% Medicaid insurance

15% liability insurance

5% all others, including self-pay

What are the proportions of the total cases for each payer?

PART 2 - The average Medicare rate for each case is $6,200. Use this as the baseline. Commercial insurances average 110% of Medicare, Medicaid averages 65% of Medicare., Lliability insurers average 200% of Medicare, and the others average 100% of Medicare rates.

1. Calculate the individual reimbursement rates for all 5 payers?

2. What is your expected Accounts Receivable?

PART 3 - Which of the following costs are fixed, which are variable, and which are direct or indirect:

Materials/supplies (gowns, drapes, bedsheets)

Wages (nurses, technicians)

Utility, building, usage exp (lights, heat, technology)

Medications

Licensing of facility

Per diem staff

Insurances (malpractice, business, and so on)

PART 4 - Given the following costs per case:

Materials/supplies: $2,270

Wages: $2,000

Utility, building, usage exp: $1,125

Insurances (malpractice, business, and so on): $175

What is the total cost of all combined cases?

PART 5 - Calculate the difference between accounts receivable (A/R) and accounts payable (A/P).

Reference no: EM132818952

Questions Cloud

Prepare personal and established priorities : Explain in 50-100 worss how following steps will help you to prepare personal and established priorities:

Identify one account that is affected by the closing process : Identify 1 account that is affected by the closing process and 1 account that is not affected by the closing process? Why is it necessary for organizations

Businesses operate and products and services : Describe how information systems have changed the way businesses operate and their products and services.

Identifying learning and development needs : Explain each in 50-100 worss, how the following tools and methods can be used for identifying learning and development needs:

What are the proportions of the total cases for each payer : Your facility has 2000 cases in the following payer mix: 40% commercial insurances. What are the proportions of the total cases for each payer

What think are the top three biggest risks for investors : For your initial post, assess what you think are the top three biggest risks for investors associated in bond investments, and explain why.

Identifying learning and development needs : Explain each in 50-100 worss, how the following tools and methods can be used for identifying learning and development needs:

Prioritized gender equality and women in leadership : -From the very founding of the company, Gap seems to have prioritized gender equality and women in leadership. Many companies were not founded with such values

Design dynamic programming algorithm : You are asked to help her to make a plan. Design an Dynamic Programming algorithm that output the lectures she should learn each day

User Account

All Pages