AR/AP

/in /by

Assignment Details

Assignment Details – This is a 5 part deliverable

PART 1

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

Your facility has 2000 cases in the following payer mix:

  • 40% commercial insurances
  • 25% Medicare insurance
  • 15% Medicaid insurance
  • 15% liability insurance
  • 5% all others, including self-pay

What are the proportions of the total cases for each payer?

PART 2

The average Medicare rate for each case is $6,200. Use this as the baseline. Commercial insurances average 110% of Medicare, Medicaid averages 65% of Medicare., Lliability insurers average 200% of Medicare, and the others average 100% of Medicare rates.

  1. Calculate the individual reimbursement rates for all 5 payers?
  2. What is your expected Accounts Receivable?

PART 3

Which of the following costs are fixed, which are variable, and which are direct or indirect:

  • Materials/supplies (gowns, drapes, bedsheets)
  • Wages (nurses, technicians)
  • Utility, building, usage exp (lights, heat, technology)
  • Medications
  • Licensing of facility
  • Per diem staff
  • Insurances (malpractice, business, and so on)

PART 4

Given the following costs per case:

  • Materials/supplies: $2,270
  • Wages: $2,000
  • Utility, building, usage exp: $1,125
  • Insurances (malpractice, business, and so on): $175

What is the total cost of all combined cases?

PART 5

Calculate the difference between accounts receivable (A/R) and accounts payable (A/P)

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"
[promo2]