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Instructions: Consider and analyze the budget variances on the tab...Create a brief memo addressed to John Jones, CEO, Mount Healthcare Medical, summarizing your analysis. A

Instructions: Consider and analyze the budget variances on the tab...Create a brief memo addressed to John Jones, CEO, Mount Healthcare Medical, summarizing your analysis.

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A D C 1 VARIANCE ANALYSIS OF THIRD-PARTY PAYMENTS-MEDICARE 2 Consider and analyze the budget variances below. Create a brief memo addressed to John Jones, 3 CEO, Mount Healthcare Medical, summarizing your analysis. 4 Budget $ 74,038,628 $ Variance Actual 6 Medicare Inpatient Revenue 69,291,008 7 Medicare Inpatient Volume 8 Medicare Case Mix 6348 6500 1.8440 1.6854 9 Medicare Base Rate 6,325 $ 6,325 10 11 Volume Variance Component (VVC)** (1,620,344) (0) 12 Intensity Variance Component (IVC) 6,367,964 13 $0.00 14 4,747,621 15 16 17 18 19 Case mix index is typically listed using four decimal places. 20*Note that VVC may also be called Discharge Volume. 21 A D C 1 VARIANCE ANALYSIS OF THIRD-PARTY PAYMENTS-MEDICARE 2 Consider and analyze the budget variances below. Create a brief memo addressed to John Jones, 3 CEO, Mount Healthcare Medical, summarizing your analysis. 4 Budget $ 74,038,628 $ Variance Actual 6 Medicare Inpatient Revenue 69,291,008 7 Medicare Inpatient Volume 8 Medicare Case Mix 6348 6500 1.8440 1.6854 9 Medicare Base Rate 6,325 $ 6,325 10 11 Volume Variance Component (VVC)** (1,620,344) (0) 12 Intensity Variance Component (IVC) 6,367,964 13 $0.00 14 4,747,621 15 16 17 18 19 Case mix index is typically listed using four decimal places. 20*Note that VVC may also be called Discharge Volume. 21

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