Question
Chelsea Clinics PROJECTED budget information for 2020 is listed below. Please use this information to answer the questions below. Chelsea Clinic Total FFS Visit Volume
Chelsea Clinics PROJECTED budget information for 2020 is listed below. Please use this information to answer the questions below.
| Chelsea Clinic | |||
| Total FFS Visit Volume | 90,000 | visits | |
| Payer Mix: | |||
| Blue Cross | 40% | ||
| Highmark | 60% | ||
| Reimbursment Rates | |||
| Blue Cross | $25 | per visit | |
| Highmark | $20 | per visit | |
| Variable Costs | |||
| Resource Inputs | |||
| Labor | 48,000 | total hours | |
| Supplies | 100,000 | total units | |
| Resource Input Prices | |||
| Labor | $ 25.00 | per hour | |
| Supplies | $ 1.50 | per unit | |
| Fixed Costs (overhead, plant and equipment) | $ 500,000.00 | ||
1a. Based on the projected budget information calculate the total budgeted costs.
Choice: $1,850,000
Choice: $1,455,000
Choice: $2,200,400
Choice: $1,000,000
1b. Based on the projected budget information, calculate the contribution margin.
Choice: $550,000
Choice: $630,000
Choice: $874,000
Choice: $1,000,000
1c. Based on the projected budget information, calculate the budgeted profit.
Choice: $98,000
Choice: $117,000
Choice: $130,000
Choice: $158,000
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Clinical Audit For Doctors And Healthcare Professionals
Authors: Bhoresh Dhamija, Chen Low, Geri Keane
2nd Edition
1445384043, 978-1445384047
