Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands

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Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):

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a. What do the budget data tell you about the nature of Wendover’s patients: Are they capitated or fee-for-service?

b. Calculate and interpret the following variances:
• Revenue variance

• Volume variance

• Price variance

• Enrollment variance

• Utilization variance

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Healthcare Finance: An Introduction To Accounting And Financial Management

ISBN: 9781567937411

6th Edition

Authors: Louis Gapenski

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Question Posted: Mar 29, 2024 12:00 AM

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Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands

Question:

Static Budget Flexible (Enrollment/ Utilization) Budget $425 $200 Flexible (Enrollment) Actual Budget $180 Results $300

Step by Step Answer:

To analyze the nature of Wendovers patients and calculate the variances we need to understand the differences between capitated and feeforservice mode...View the full answer

Healthcare Finance: An Introduction To Accounting And Financial Management

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