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If Eastern Medical Center averages collections of $20,000,000 in cash per month, and their point-of-service collections in June total $987,632, what is their point-of-service collection

  1. If Eastern Medical Center averages collections of $20,000,000 in cash per month, and their point-of-service collections in June total $987,632, what is their point-of-service collection rate? Hint: The point-of-service collections are a subset of the total average collections. Show answer with two decimals and percentage (X.XX%)
  2. The Revenue Cycle at Eastern Medical Center is made up of three departments, with the following total expenses per month. Based on the information in the previous question, what is their cost to collect?

Coding: $65,000

Billing & Collections: $54,000

Denials Management: $28,000

Show answer as three decimal points and percentage (X.XXX%)

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