Cost-Shifting Self-Quiz Problem Assume your organization has 100 patients analyzed in the following manner: 15 Medicare patients,
Question:
Cost-Shifting Self-Quiz Problem
Assume your organization has 100 patients analyzed in the following manner:
15 Medicare patients, who pay $2,000 per diagnosis
25 Medicaid patients, who pay $1,800 per diagnosis
20 managed care patients, who pay charges minus a 20% discount
10 managed care patients, who pay charges minus a 25% discount
10 private insurance patients, who pay charges
10 charity care patients, who pay nothing
10 bad debt patients, who pay nothing
Your organization's average cost per patient is $2,000. Calculate the charge necessary to recover your cost.
Also, cost cutting self-quiz problem, Using the data from the self quiz problem on cost shifting, assume those who pay charges will allow a maximum charge of 2100$ . calculate the amount of costs you will need to cut out to break even.
Would pls tell me how to calculate cost shifting self quiz ,also how i can find out the collections on Manage care?
Thanks