What are the six stages of the revenue cycle

Reference no: EM13280851

What are the six stages of the revenue cycle?

Assume that a certain nursing home has two categories of payers. Medicaid pays $60.00 per day and private pay patients pay the established per diem, but approximately 10 percent of private-pay charges are not collected. 50 percent of the patients are Medicaid and 50 percent are private pay. Variable costs are $45.00 per day and fixed costs are expected to be $1,000,000. Expected volume is 50,000 patient days. Assuming that the nursing home charges $100 per day, what would be the nursing home%u2019s required volume (in patient days) in order to make $150,000 profit?

Reference no: EM13280851

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