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Commonwealth Health Plans: HMO Plan Financial Data (millions of dollars) Statements of Operations 2012 2013 Premium revenue $313.70 $357.60 Interest income 2.4 3.5 Total revenues

Commonwealth Health Plans: HMO Plan Financial Data (millions of dollars)

Statements of Operations

2012

2013

Premium revenue

$313.70

$357.60

Interest income

2.4

3.5

Total revenues

316.1

361.1

Operating expenses

Medical costs

$263.00

$291.80

Selling and administrative

36.8

43.6

Depreciation

4.7

5.0

Total operating expenses

$304.50

$340.40

Net income

$11.6

$20.70

Balance Sheets

Cash

$37.2

$27.2

Marketable Securities

42.7

60.9

Premiums receivables

3.7

7.4

Total current assets

$83.6

$95.5

Net fixed assets

30.0

31.7

Total assets

$113.6

$127.2

Medical costs payable

$44.8

$48.7

Accounts payable/accruals

15.4

17.3

Total current liabilities

$60.2

$66.0

Long-term debt

17.1

4.2

Net assets (equity)

36.3

57.0

Total liabilities and net assets

$113.6

$127.2

Other Data

Medical loss ratio

83.8%

81.6%

Administrative cost ratio

13.2%

13.6%

Total commercial premium revenue

$170.9

$205.6

Total Medicare revenue

$142.8

$152.0

Total physician services expense

$125.6

$127.1

Total inpatient expense

$80.8

$90.1

Total other medical expense

$56.6

$74.6

Solve for the following:

-Total margin for Common Wealth - Operating Margin for Common Wealth - Current Ratio - Days Cash on Hand - Debt Ratio - Current Asset Turnover - Total Asset Turnover - Day Premiums Receivable

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