Here are the 2004 revenues for the Wendover Group Practice Association for four different budgets, in thousands of dollars a What does the budget data tell you about the nature of Wendovers patients Are they capitated or fee for service (Hint See the note to Table 8 7 ) b Calculate and interpret th...

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Here are the 2004 revenues for the Wendover Group Practice Association for four different budgets, in thousands

Question:

Here are the 2004 revenues for the Wendover Group Practice Association for four different budgets, in thousands of dollars:

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a. What does the budget data tell you about the nature of Wendover’s patients: Are they capitated or fee-for-service? (Hint: See the note to Table 8.7.)

b. Calculate and interpret the following variances:
• Revenue variance • Volume variance • Price variance • Enrollment variance • Utilization variance

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