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Really need help with these questions, thank you very much. Question 4 Included below is a summary of CBC tests performed by Physicians Lab Services
Really need help with these questions, thank you very much.
Question 4 Included below is a summary of CBC tests performed by Physicians Lab Services during the most recent period. Number of patients (tests) 90 70 Insurance status of patient Medicare Medicaid Self-Pay Aetna Blue Cross UnitedHealth Care Reimbursement rate per test $11.00 $7.00 $47.00 $16.00 $18.00 $15.00 43 40 (Interpretation: For example, the lab provided 90 tests to Medicare patients and was reimbursed $11.00 per test.) The retail cost (full established rate) of a CBC test is $47.00. Part(a) Compute the following amounts, taking into account all patients served for the period. Gross Patient Service Revenue: Net Patient Service Revenue: D Part (b) For each insurance status, calculate the (1) percentage of total patients served, and (2) percentage of Net Patient Service Revenue received. The first row has been completed for illustration. Number of patients (tests) 90 % of Total 28.21% Net Patient Service Revenue $990 % of Total 20.86% Insurance status of patient Medicare Medicaid Self-Pay Aetna Blue Cross United Health Care TotalStep by Step Solution
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