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Projected revenue for year 20X1 is as follows: $759,629 in January, $528,904 in February, $503,166 in March, and $927,417 in April. Historical net revenues categorized
Projected revenue for year 20X1 is as follows:
$759,629 in January, $528,904 in February, $503,166 in March, and $927,417 in April.
Historical net revenues categorized by payer:
Payer | Revenue | Percent |
Medicare | 7,395,495 | |
Medicaid | 12,846,289 | |
Blue Cross | 9,624,269 | |
Private | 5,063,133 | |
Total | ? |
Collection patterns by payer:
Payer | Within 1 Month | Within 2 Months | Within 3 Months | Within 4 Months | Total |
Medicare | 25% | 29% | 30% | ? | 100% |
Medicaid | 13% | 24% | 51% | ? | 100% |
Blue Cross | 12% | 41% | 34% | ? | 100% |
Private | 58% | 26% | 8% | ? | 100% |
How much revenue do we expect to collect in February from January's billing? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.)
answer should be - 228,136.88
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