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Part III - Budgeting in Healthcare Please respond to the following items regarding budgets in healthcare facilities. Identify and describe: o The four types of
Part III - Budgeting in Healthcare Please respond to the following items regarding budgets in healthcare facilities. Identify and describe: o The four types of budgets that are developed by a healthcare facility. Explain how the four types of budgets are interrelated. o The components included in a break-even analysis. Evaluate the importance of the break-even analysis and each of its components in managing a healthcare facility. Estimating revenues and cash flow is an important part of a break-even analysis. Changing fee structures will have an impact on budgeting. The following table contains the weighted encounters for the four quarters of the past year for a particular facility; use this information to answer the questions that follow: Quarter 1 1562 Quarter 2 1670 Quarter 3 1250 Quarter 4 1345 Commercial Admissions 750 Follow-Up Medicare 1050 900 850 Admissions 1750 1230 1525 1800 Follow-Up 955 1250 750 600 Calculate the facilities Commercial Quarter 1 Gross Revenues with the admission Resp fee as $55 and the follow-up fee as $35. Calculate the facilities Medicare Quarter 1 and 3 Gross Revenues with the paas admission fee as $55 and the follow-up fee as $35. Aso Calculate the Net Revenue if the discount for Medicare percent. Chat were 70 that
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