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I dont understand any of the questions. I need help with all of them. Internal Medicine of Central Georgia 2010 2011 Net Fee-For-Service $296,660 $320,600
I dont understand any of the questions. I need help with all of them.
Internal Medicine of Central Georgia 2010 2011 Net Fee-For-Service $296,660 $320,600 collections Net Fee-For-Service $362,400 charges Adjusted collection 81.86% $352,450 90.96% rate 3. Why is Adjusted Collection Rate a more accurate measure of practice effectiveness than the Gross Collection Rate? a. What does this data tell you about the Internal Medicine of Central Georgia practice? Be specific and give me as much analysis as you can. b. What are some potential causes for this changing data? Define the term Accounts Receivable. 8. What information does the Days Receivable Outstanding (DRO) tell you? And what could be influencing the result? 9. 10. What is meant by Aged Trial Balance (ATB)? Why is this important? 11. What is meant by "Bad Debt"? And what is the Bad Debt ratio? 12. What type of data should the practice manager collect regarding denials of claims? Why? What could you do with this information to make improvements? 13. a. Calculate the Overhead Rate for both 2010 and 2011 for the Internal Medicine of Central Georgia practice: Internal Medicine of Central Georgia 2010 2011 $2,050,225 $4,720,400 Total Operating Costs Total Medical Revenue Overhead Rate $2,250,410 $4,820,400 b.What does this tell you about the practice? Is there a negative or positive trend? What could make the operating costs lower? 14. a The Support Staff Costs for Internal Medicine of Central Georgia was $1,397,916. in 2010 and was $944,088 in 2011. Calculate the Support Staff Overhead Cost/Payroll Ratio by using the information in the table provided for question 13 and the information provided with this question W 15. How do you determine your Employee Turnover Rate? And how does a high employee turnover rate impact the practice? 16. What does RVU stand for? What are the 3 components that make up a medical RVU? 17. What are the 3 components in determining the physician compensation level for a uticular medical procedure? 18. State 4 reasons why using RVUS is a good method for determining the relative value of each practice's contract and to determine the cost of providing a particular. service/procedure? 19. Using information from the table below calculate the Cost per RVU and the Cost for RVU 45380 (Colonoscopy with biopsy) Gastroenterology Associates of Central Georgia $2,500,000 43,000 Total Practice Costs Total RVUS performed by practice Practice's "Cost per RVU" RVU for CPT Code 45380 Cost per CPT Code 45380 12.36 20. What does the "Current Ratio" measure? 21. a. Calculate the Current Ratio for Friendly Primary Care Practice from the table below Friendly Primary Care Practice 2010 2011 Current Assets Current Liabilities Current Ratio $2,525,000 $1,900,000 $2,475,000 $2,275,000 b. Explain in your own words the difference between the two years. What does each year's ratio say about the practice? $2.525,000 $1.900,000 $2,475,000 $2,275,000 rent Assets arrent Liabilities arrent Ratio Explain in your own words the difference between the two years. What does each year's ratio say about the practice? b. 22 How can you calculate your appointment availability? Why is it important to know this metric for your practice? What are some factors to consider when determining if your appointment availability ratio is what it needs to be? 23 How do you calculate your No Show appointment rate? Why is this calculation important? 24a. What customers should a practice consider surveying for customer satisfaction scores? b. What types of factors should be considered in the survey questions? 25. What is meant by the term "Dashboard" What are some factors to remember to make your dashboard successful in assisting you and your practice staff in understanding how well your practice is doing and to identify areas which need improvement? e acer F7 F8 PriSc Pause F12 F9 F11 F6 F10 Step by Step Solution
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