ANSWER questions 12-17 using the following information.
*DO NOT ANSWER IF YOU CANNOT PROVIDE ANSWERS FOR ALL QUESTIONS*
12. What type of data should the practice manager collect regarding denials of claimas? Why? What could you do with this information to make improvements? 13. a Calculate the Overhead Rate for both 2010 and 2011 for the Internal Medicine of Central Georgia practice: Internal Medicine of Central Georgia 2010 $2,250,410 $4,820,400 Total Operating Costs Total Medical Revenue Overhead Rate 2011 $2,050,225 $4,720,400 b. What does this tell you about the practice? Is there a negative or positive trend? What could make the operating costs lower? 14. a. The Support Staff Costs for Internal Medicine of Central Georgia was $1,397,916. in 2010 and was $944,088 in 2011. Calculate the Support Staff Overhead Cost/Payroll Ratio by using the information in the table provided for question 13 and the information provided with this question. 15. How do you determine your Employee Turnover Rate? And how does a high employee turnover rate impact the practice? 16. What does RVU stand for? What are the 3 components that make up a medical RVU? 17. What are the 3 components in determining the physician compensation level for a particular medical procedure? 12. What type of data should the practice manager collect regarding denials of claimas? Why? What could you do with this information to make improvements? 13. a Calculate the Overhead Rate for both 2010 and 2011 for the Internal Medicine of Central Georgia practice: Internal Medicine of Central Georgia 2010 $2,250,410 $4,820,400 Total Operating Costs Total Medical Revenue Overhead Rate 2011 $2,050,225 $4,720,400 b. What does this tell you about the practice? Is there a negative or positive trend? What could make the operating costs lower? 14. a. The Support Staff Costs for Internal Medicine of Central Georgia was $1,397,916. in 2010 and was $944,088 in 2011. Calculate the Support Staff Overhead Cost/Payroll Ratio by using the information in the table provided for question 13 and the information provided with this question. 15. How do you determine your Employee Turnover Rate? And how does a high employee turnover rate impact the practice? 16. What does RVU stand for? What are the 3 components that make up a medical RVU? 17. What are the 3 components in determining the physician compensation level for a particular medical procedure