Assignment Details – This is a 5 part deliverable
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?
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.
Calculate the individual reimbursement rates for all 5 payers? What is your expected Accounts Receivable?
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)
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?
Calculate the difference between accounts receivable (A/R) and accounts payable (A/P)