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May I have some assistance on how to analyze these problems? Be sure you understand how Exhibits 2 and 3 were prepared. Do you agree
May I have some assistance on how to analyze these problems?
- Be sure you understand how Exhibits 2 and 3 were prepared. Do you agree with Mr. Hawkins' analyses so far?
- Besides changes in the number of visits and the payment rate per visit, what are the other reasons why actual re- sults might have diverged from budget?
- Calculate the variance associated with each of the reasons you gave in Question 2. How, if at all, might this in- formation be used in managing the group practice?
- How might BMA's approach to physician compensation have affected the group's financial performance for the year?
- What should Dr. King do bout the bonuses? What changes, if any, should she make to the group's budgeting and control system?
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