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Projected revenue for year 20X1 is as follows: $814,818 in January, $665,498 in February, $499,533 in March, and $925,698 in April. Historical net revenues categorized
Projected revenue for year 20X1 is as follows: $814,818 in January, $665,498 in February, $499,533 in March, and $925,698 in April. Historical net revenues categorized by payer: Payer Revenue Percent Medicare 8,059,559 Medicaid 12,452,841 Blue Cross 9,212,926 Private 4,950,467 Total ? Collection patterns by payer: Payer Within 1 Month Within 2 Months Within 3 Months Within 4 Months Total 25% 31% 30% 24% ? 100% ? 100% 7% 49% Medicare Medicaid Blue Cross 8% 43% 35% ? 100% Private 52% 29% 5% ? 100% How much revenue do we expect to collect in February from January's billing? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.)
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