Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

Medicare currently reimburses hospitals for 70 percent of bad debts written off on Medicare patients copayments, and deductibles. If a hospital had $1,000,000 in Medicare

Medicare currently reimburses hospitals for 70 percent of bad debts written off on Medicare patients copayments, and deductibles. If a hospital had $1,000,000 in Medicare deductibles and copayments, what amount might Medicare pay for its bad debts if all Medicare patients default? If you assume 15% of deductibles and copayments are bad debt, what will be reimbursed by Medicare?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

An urn contains 15 balls numbered 115. We select three balls without replacement. Find the probability that (i) at least one number drawn is a prime; (ii) exactly one number drawn is a prime.

Answered: 1 week ago

Question

★★★★★

Mitsubishi Corp., a broadly diversified Japanese corporation, instituted a credit plan called Three Diamonds for customers who buy its major electronic products, such as large-screen televisions and...

Answered: 1 week ago

Question

★★★★★

plz answer fast i dont have more time Question 38 Not yet answered Marked out of 1.00 F Flag question The following data is taken from a job cost sheet: Particulars Amount (OMR) Material 21000 Labour...

Answered: 1 week ago

Question

★★★★★

What are some of the benefits you enjoy because of the free-market system? Give at least two concrete examples and explain how these benefits are a result of the free market. (5 points) Score Does...

Answered: 1 week ago

Question

★★★★★

LMN makes hand embroidered sweatshirts to customer specifications. The following detail is available from the company's budget: Cost centre Overheads (RM) Activity Cutting and sewing 93,000 37,200...

Answered: 1 week ago

Question

★★★★★

ME296V HW1 Only neat individual work Prob.1 Find the steady state error value for G(s) = s+1 s+s+1 with a ramp input (10 pts) Prob.2 Find the open loop error transfer function for G(s) given in...

Answered: 1 week ago

Question

★★★★★

Gator Inc. reported taxable income of $1,550,000 this year and paid federal income taxes of $325,500. Included in the company's computation of taxable income is gain from the sale of a depreciable...

Answered: 1 week ago

Question

★★★★★

Suppose your department decides to host a celebration because they exceeded sales expectations for the quarter. If you were only focused on equality, what would you do? Limit institutional barriers...

Answered: 1 week ago

Question

★★★★★

Income Statement Revenue: Collars $ 322,560 Leashes 271,040 Harnesses 312,500 Total Revenue: $ 906,100 Cost of goods sold 28,258 Gross profit $ 877,842 Expenses: General and administrative salaries $...

Answered: 1 week ago

Previous Question Next Question