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2. Medicare reimburses your practice $79.13 for HCPCS 99214, Office Visit, Established Patient (for contrast 99204, New Patient is reimbursed at $166.13). You, the physician,
2. Medicare reimburses your practice $79.13 for HCPCS 99214, Office Visit, Established Patient (for contrast 99204, New Patient is reimbursed at $166.13). You, the physician, want to know how much money you make on these patients. Calculate the cost for 99214 given the information below, how much do you make for your efforts, assume you devote 20 minutes per patient. Assume you see three patients per hour, work five days per week, and 48 weeks per year, what is your expected total income? Standard Cost Profile for Nursing Variable (V+F)*P Avg Total Cost Fixed 0.5 Input Price $32.00 $2.50 Cost Category Variable Salary nurse) Health Insurance SSI (7.65% of salary) Retirement (4% of salary) Unemployment Ins (0.5% of salaryhun Average total cost per visit Standard Treatment Profile Total Cost ATC $5.00 1.0 Service Unit Quantity Appointment/Registration (visit) 1.0 Nursing (visit) Medical Supplies (units) 4.0 Malpractice (visit) Utilities (hour) 0.5 Rent (hour) 0.5 Pat. Accta. (visit) Other 1.0 $2.50 $1.00 $1.00 $7.00 $6.00 $5.00 1.0 $5.00 Total Cost per Visit Total Profit per Visit Total Income per Year
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