Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A group of Physicians decides to take payment of $0.32 PMPM for CT stent placements, on a population of 75,000 people. They expect utilization of

A group of Physicians decides to take payment of $0.32 PMPM for CT stent placements, on a population of 75,000 people. They expect utilization of 8.5 procedures per 1000 population, and expect a cost of $360 per procedure.

1. How much money do they get from the insurance company for the year?

2. If the Physicians are able to manage utilization down to 7.8 procedures per 1000 population what is the financial impact on their net income? State the number impact.

3. If the best rate the Physicians can get for these procedures is $370 each, what is the financial impact on their net income? State the number impact.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ecology, Sustainable Development And Accounting

Authors: Seleshi Sisaye

1st Edition

0415816351, 9780415816359

More Books

Students also viewed these Accounting questions