AR/AP

 
Assignment Details
Assignment Details – This is a 5 part deliverable
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.

Calculate the individual reimbursement rates for all 5 payers?
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)