Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Families First is a managed care plan that has been asked to submit a premium bid to ABC Company, a large manufacturer in its service

image text in transcribed

Families First is a managed care plan that has been asked to submit a premium bid to ABC Company, a large manufacturer in its service area. The premium bid includes the primary care for all of the ABC employees. ABC has provided information about the age and gender of its employees, and Families First has identified average primary care utilization rates from its own databases. This information is shown below: Number of Members Number of Visits Age band 20-29 30-39 40-49 50-59 60+ males 285 96 53 36 7 477 females 325 100 57 36 Males 300 250 174 149 35 907 Females 332 352 224 159 25 1093 523 Each primary care physician can handle about 2,000 patient visits per year, for which he or she is paid paid $165,000. What primary care rate (PMPM) will Families First propose to ABC Company? Set up problem and solution below: Number of Visits Visit capacity per primary care physician Required primary care MDs Annual cost of primary care MD Number of ABC members Primary care cost per member per year Months per year Primary care cost per member per month #DIV/0

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_2

Step: 3

blur-text-image_3

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

Foundations Of Financial Markets And Institutions

Authors: Frank J. Fabozzi, Franco Modigliani, Michael G. Ferri

2nd Edition

0136860567, 9780136860563

More Books

Students also viewed these Finance questions

Question

What influences peoples choice of values?

Answered: 1 week ago