Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assumptions are as follows: 1.Your unit's gross charges for the period to date amount to $200,000. 2.The uniform gross charge for each procedure in your

Assumptions are as follows:

1.Your unit's gross charges for the period to date amount to $200,000.

2.The uniform gross charge for each procedure in your unit is $100.00.

3.The unit receives revenue from four major payers. The number of procedures performed for the period totals 2,000. Of that total, the number of procedures per payer (stated as a percentage) is as follows:

Payer 1 = 30%

Payer 2 = 40%

Payer 3 = 20%

Payer 4 = 10%

4.The following contractual payment arrangements are in effect for the current period.

The percentage of the gross charge that is currently paid by each payer is as follows.

Payer 1 = 80% Medicare

Payer 2 = 70% Commercial managed care plans

Payer 3 = 50% Medicaid

Payer 4 = 90% Self pay

Question:How many procedures are attributed to each payer?

Question:How much is the net revenue per procedure for each payer, and how much is the contractual allowance per procedure for each payer?

Question:How much is the total net revenue for each payer, and how much is the total contractual allowance for each payer?

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

Step: 3

blur-text-image

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

Payroll Accounting

Authors: Bernard J. Bieg, Judith Toland

21st Edition

1111531056, 978-1111531058

More Books

Students also viewed these Accounting questions