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projected revenue for year 20X1 is as follows: $828,988 in January, $524,213 in February, $489,798 in March, and $974,271 in April. Historical net revenues categorized
projected revenue for year 20X1 is as follows:
$828,988 in January, $524,213 in February, $489,798 in March, and $974,271 in April.
Historical net revenues categorized by payer:
Payer | Revenue | Percent |
Medicare | 8,691,990 | |
Medicaid | 11,754,276 | |
Blue Cross | 9,801,536 | |
Private | 5,187,483 | |
Total | ? |
Collection patterns by payer:
Payer | Within 1 Month | Within 2 Months | Within 3 Months | Within 4 Months | Total |
Medicare | 23% | 27% | 34% | ? | 100% |
Medicaid | 11% | 24% | 50% | ? | 100% |
Blue Cross | 12% | 39% | 35% | ? | 100% |
Private | 59% | 27% | 5% | ? | 100% |
How much revenue do we expect to collect in April from February's billing?(Do not round intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.)
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