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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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Identify and explain possible reasons for the change in total patients seen over the three years in the table. Forecast how the projected numbers for the three years would affect revenues for the medical center. Explain how these numbers allow the practice manager to estimate the cash flow for the facility. Part III - Budgeting in Healthcare Please respond to the following items regarding budgets in healthcare facilities. Identify and describe: The four types of budgets that are developed by a healthcare facility. Explain how the four types of budgets are interrelated. 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 conta the weighted encounters for the four quarters of the past year for a particular facility use this information to answer the questions that follow: Qui Quarter 1 1562 1050 Quarter 2 1670 900 Quarter 3 1250 850 Commercial Admissions Follow-Up Medicare Admissions Follow-Up 1750 750 1230 600 1525 955 Calculate the facilities Commercial Quarter 1 Gross Revenues with the a fee as $55 and the follow-up fee as $35. Calculate the facilities Medicare Quarter 1 and 3 Gross Revenues with t admission fee as $55 and the follow-up fee as $35. o Calculate the Net Revenue if the discount for Medicare were 70 St HTHS315 - Portfolio Project CE AAT Ge . Identify and explain possible reasons for the change in total patients seen over the three years in the table. Forecast how the projected numbers for the three years would affect revenues for the medical center. Explain how these numbers allow the practice manager to estimate the cash flow for the facility. Part III - Budgeting in Healthcare Please respond to the following items regarding budgets in healthcare facilities. Identify and describe: The four types of budgets that are developed by a healthcare facility. Explain how the four types of budgets are interrelated. 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 1050 Quarter 2 1670 900 Quarter 3 1250 850 Quarter 4 1345 750 Commercial Admissions Follow-Up Medicare Admissions Follow-Up 1525 1750 750 1230 600 1800 1250 955 Calculate the facilities Commercial Quarter 1 Gross Revenues with the admission fee as $55 and the follow-up fee as $35. Calculate the facilities Medicare Quarter 1 and 3 Gross Revenues with the admission fee as $55 and the follow-up fee as $35. o Calculate the Net Revenue if the discount for Medicare were 70 percent. Identify and explain possible reasons for the change in total patients seen over the three years in the table. Forecast how the projected numbers for the three years would affect revenues for the medical center. Explain how these numbers allow the practice manager to estimate the cash flow for the facility. Part III - Budgeting in Healthcare Please respond to the following items regarding budgets in healthcare facilities. Identify and describe: The four types of budgets that are developed by a healthcare facility. Explain how the four types of budgets are interrelated. 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 conta the weighted encounters for the four quarters of the past year for a particular facility use this information to answer the questions that follow: Qui Quarter 1 1562 1050 Quarter 2 1670 900 Quarter 3 1250 850 Commercial Admissions Follow-Up Medicare Admissions Follow-Up 1750 750 1230 600 1525 955 Calculate the facilities Commercial Quarter 1 Gross Revenues with the a fee as $55 and the follow-up fee as $35. Calculate the facilities Medicare Quarter 1 and 3 Gross Revenues with t admission fee as $55 and the follow-up fee as $35. o Calculate the Net Revenue if the discount for Medicare were 70 St HTHS315 - Portfolio Project CE AAT Ge . Identify and explain possible reasons for the change in total patients seen over the three years in the table. Forecast how the projected numbers for the three years would affect revenues for the medical center. Explain how these numbers allow the practice manager to estimate the cash flow for the facility. Part III - Budgeting in Healthcare Please respond to the following items regarding budgets in healthcare facilities. Identify and describe: The four types of budgets that are developed by a healthcare facility. Explain how the four types of budgets are interrelated. 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 1050 Quarter 2 1670 900 Quarter 3 1250 850 Quarter 4 1345 750 Commercial Admissions Follow-Up Medicare Admissions Follow-Up 1525 1750 750 1230 600 1800 1250 955 Calculate the facilities Commercial Quarter 1 Gross Revenues with the admission fee as $55 and the follow-up fee as $35. Calculate the facilities Medicare Quarter 1 and 3 Gross Revenues with the admission fee as $55 and the follow-up fee as $35. o Calculate the Net Revenue if the discount for Medicare were 70 percent

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