Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9.1 The table lists visits for the four clinics operated by your system. You anticipate the volumes will increase by 4 percent next year. Forecast
9.1 The table lists visits for the four clinics operated by your system. You anticipate the volumes will increase by 4 percent next year. Forecast the number of visits for each clinic, and explain what assumptions underlie your forecasts. For example, are you sure that all of the clinics can serve additional clients? 41. em 24.950 33.260 116.430 ? 1v,sns.s ? 25,ssa.4 "46112 121,139 9.2 Your data for the clinics in Exercise 9.1 succest that Clinic 2 is operating at capacity and is highly efcient. Its output is unlikely to increase. Furthermore, Clinic 4 has unused capacity but is unlikely to attract additional patients. How would these facts change your answer to Exercise 9.1? Continue to assume that overall volume will rise to 121, 139. 9.3 You estimate that the price elasticity of demand for clinic visits is 43.25. You anticipate that a major insurer will increase the copayment from $29 to $25. This insurer covers 4U,DUD of your patients, and those patients average 2.5 visits per year. 1rWhat is your forecast of the change in the number of visits? 9.4. A major employer has just added health insurance coverage for its employees. Consequently, 5,090 of your patients will pay a $311] copayment rather the list price of $190 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between 4.1.15 and D.55. W'hat is your forecast of the change in number of visits? 9.5. The table shows data on asthmarelated visits. Is there evidence that these visits vary by quarter? lCan you detect a trend
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started