Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your unit's gross charges for the period to date amount to $200,000 The uniform gross charge for each procedure in your unit is 100 The

Your unit's gross charges for the period to date amount to $200,000

The uniform gross charge for each procedure in your unit is 100

The unit receives revenue from four major payers. For purposes of this exercise, assume the revenue volume from each represents 25% of the total. (the equal proportion is unrealistic, but serves the purpose for this exercise.)

The following contractual payment arrangements are in effect for the current period. The percentage of the gross charge that is currently paid by each payer is as follows:

payer 1 = 90 %

payer 2= 80%

payer 3= 70%

payer 4= 50 %

Q: how many procedures has your unit recorded for the period to date?

q: of these, how many procedures are attributed to each payer?

q: how much is the net revenue per procedure for each payer, and how much is the contractual allowance per procedure for each payer?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Supply Chain Finance And Blockchain Technology The Case Of Reverse Securitisation

Authors: Erik Hofman, Urs Magnus Strewe, Nicola Bosia

1st Edition

3319623702, 978-3319623702

More Books

Students also viewed these Finance questions