Question
Assume the hospital has contracts with 2 major health plans. Given the information below, compute the days in accounts receivable, the aging schedule, and accounts
Assume the hospital has contracts with 2 major health plans. Given the information below, compute the days in accounts receivable, the aging schedule, and accounts receivable as a percentage of net patient revenues for Health Plan A and Health Plan B for quarter 1, 2021. Compare the 2 Health Plans to determine which plan is the faster payor. Explain your findings. Health Plan A Quarter 1, 2021 Mar Feb Jan Quarter Days Outstanding 1-30 31-60 61-90 1-90 Net accounts rec. $500 $800 $3,700 $5,000 Net patients rev. $1,000 $5,000 $9,000 $15,000 Health Plan B Quarter 1, 2021 Mar Feb Jan Quarter Days Outstanding 1-30 31-60 61-90 1-90 Net accounts rec. $3,800 $800 $400 $5,000 Net patients rev. $4,000 $5,000 $6,000 $15,000.
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