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)
Licensing of facility
Per diem staff
Insurances (malpractice, business, and so on)
Given the following costs per case:
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)
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