• HealthPlus Clinics is analyzing its outpatient service costs related to the number of patient visits.
• Data Overview:
  • Month 1: Total Costs: $350,000, Patient Visits: 7,000
  • Month 6: Total Costs: $450,000, Patient Visits: 9,000
• Required Analysis:
  • Use the High-Low Method to determine the variable cost per patient visit and fixed costs.
  • Develop a cost equation.
  • Estimate the total costs for 10,000 patient visits.
  • Discuss the implications of fluctuating patient visits on cost management.