Assignment
Details
This is a 5 part deliverable
PART 1
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).
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.