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Projected revenue for year 20X1 is as follows: $781,341 in January, $531,857 in February, $458,594 in March, and $838,093 in April. Historical net revenues categorized
Projected revenue for year 20X1 is as follows:
$781,341 in January, $531,857 in February, $458,594 in March, and $838,093 in April.
Historical net revenues categorized by payer:
Payer | Revenue | Percent |
Medicare | 7,003,530 | |
Medicaid | 11,811,116 | |
Blue Cross | 10,911,432 | |
Private | 5,195,892 | |
Total | ? |
Collection patterns by payer:
Payer | Within 1 Month | Within 2 Months | Within 3 Months | Within 4 Months | Total |
Medicare | 19% | 26% | 33% | ? | 100% |
Medicaid | 12% | 15% | 45% | ? | 100% |
Blue Cross | 6% | 43% | 33% | ? | 100% |
Private | 58% | 28% | 6% | ? | 100% |
How much revenue do we expect to collect in total in March? (Do not round intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.)
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