Question text What is Best Care’s total profit margin? Hint: Review the Homework Hint PowerPoint and lecture...
Question text
What is Best Care’s total profit margin? Hint: Review the Homework Hint PowerPoint and lecture and you will find the formula.
BestCare HMO
Statement of Operations
Revenue:
Premiums Earned $26,682
Coinsurance $1,689
Interest and Other Income $275
Total Revenues $28,646
Expenses:
Salaries and Benefits $15,154
Medical Supplies and Drugs $7,507
Insurance $3,963
Depreciation $1,367
Interest $385
Total Expenses $28,376
Net Income $270
Select one or more:
a. 6.56%
b. 4.30%
c. 1.35%
d. 0.94%
Homework Answers
d.0.94%.
total profit margin = net income / total revenues
=>$270 / 28,646
=>0.94254%
=>0.94%
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Question text
What is Best Care’s
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This question comes from 17.4 of the book. Healthcare finance how
do I get started
17.4 Consider the following financial statements for BestCare HMPO, a not-for-profit managed care plan: BestCare HMO Statement of Operations and Change in Net Assets, Year Ended June 30, 2015 in thousands) Revenue: Premiums earned $26,682 Coinsurance 1,689 Interest and other income 242 Total revenues $28,613 Expenses: Salaries and benefits $15,154 Medical supplies and drugs...
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How do I solve for b? data presented in esented in the core valid for both...
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I would like to check my work for problem 3.3 on pg 105 in Healthcare Finance...
I would like to check my work
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a) This income statement is different in the fact that their
revenue (non-operating revenue) is combined with operating revenue
and in Exhibit 3.1 the non-operating revenue is categorized at the
bottom. This statement also has an addition of income taxes
suggesting that they are investor-owned. This statement is true to
the numbers given whereas the previous two statements are...
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How do you perform a Du Point analysis given average ratios.
This question comes from 17.4 of the book. Healthcare finance how
do I get started
17.4 Consider the following financial statements for BestCare HMPO, a not-for-profit managed care plan: BestCare HMO Statement of Operations and Change in Net Assets, Year Ended June 30, 2015 in thousands) Revenue: Premiums earned $26,682 Coinsurance 1,689 Interest and other income 242 Total revenues $28,613 Expenses: Salaries and benefits $15,154 Medical supplies and drugs...
NET INCOME BestCare Health Insurer vs. Green Valley Nursing Home Inc. 2 Consider BestCare Health Insurer's Income Statement below BestCare Health Insurer Statement of Operations Year Ended June 30, 2016 (in Thousands) Revenues Healthcare Premiums Fees and Other Revenue Net Investment Income 26,682 1,689 242 Total revenues 28,613 Benefits and Expenses Healthcare Costs Operating Expenses: 15,154 Selling Expenses General/administrative Expenses Interest Expense 3,963 7,893 385 Total Benefits and Expenses 27,395 NET INCOME 1,218 a. What is BestCare's total profit margin?...
a. How does this income statement differ from the ones presented
in Exhibit 3.1 and Problem 3.2?
b. Why does Green Valley show a provision for income taxes while
the other two income statements did not?
c. What is Green Valley’s total profit margin? How does this
value compare with the values for Sunnyvale Clinic and
BestCare?
d. The before-tax profit margin for Green Valley is operating
income divided by total revenues. Calculate Green Valley’s
before-tax profit margin. Why may...
How do I solve for b?
data presented in esented in the core valid for both 2014 and 2015. the following financial statements for BestCare HMO, a 174 Consider the for profit managed care plan Care HMO Statement of Operations and Change in Not Aucts, Year Ended June 30, 2015 in thousands $26,682 1.689 242 $28,613 Revenue Premiums earned Coinsurance Interest and other income Total revenues Expenses Salaries and benefits Medical supplies and drugs Insurance Provision for bad debts Depreciation...
I would like to check my work
for problem 3.3 on pg 105 in Healthcare Finance 5th ed. Will
someone help?
a) This income statement is different in the fact that their
revenue (non-operating revenue) is combined with operating revenue
and in Exhibit 3.1 the non-operating revenue is categorized at the
bottom. This statement also has an addition of income taxes
suggesting that they are investor-owned. This statement is true to
the numbers given whereas the previous two statements are...
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