Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the average revenue for CPT 99215 the provider will receive based on the payment rates in Table 5.1 and the payer mix in Table
Calculate the average revenue for CPT 99215 the provider will receive based on the payment rates in Table 5.1
and the payer mix in Table 5.2. If the average cost to provide the patient visit is $64.00, will the provider need nonoperating revenues to cover its costs?
TABLE 5.1 Payment Rates for Physician Office Visits
CPT Visit Codes | ||
Payer | 99211 | 99215 |
Charge/self pay | 60.00 | 100.00 |
Medicare | 39.50 | 54.90 |
Medicaid | 29.90 | 35.40 |
Blue Cross | 48.00 | 80.00 |
Managed Care-Giant | 55.00 | 85.00 |
Managed Care-Sigma | 42.00 | 70.00 |
Managed Care-Unity | 52.00 | 65.00 |
Charity/No Pay | 0 | 0 |
table 5.2 Calculating Average Reimbursement
Payer | CPT 99211 | Payer Mix | Average Reimbursement |
Charge/self pay | 60.00 | 8% | 4.80 |
Medicare | 39.50 | 45% | 17.78 |
Medicaid | 29.90 | 5% | 1.50 |
Blue Cross | 48.00 | 15% | 7.20 |
Managed Care-Giant | 55.00 | 10% | 5.50 |
Managed Care-Sigma | 42.00 | 8% | 3.36 |
Managed Care-Unity | 52.00 | 7% | 3.64 |
Charity/No Pay | 0 | 2% | 0 |
Average Reimbursement | 40.80 | 100% | 43.77 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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