Question

I need help understanding the steps and solving the problem .

cms = Centers for Medicare and Medicaid Services A C K M N T YTD Statement of Revenue Income by Source Xinsurance private and other S Year to Date % of Income X CMS Private Revenue $75,000.00 6 Medicare Revenue $1.225.0000 7 Medicaid Revenue $789.100.00 8 Insurance Revenue $350,000.00 Other Revenue $95000.00 10 Total 52.461,100.00 11 12 12 Complete 's of income, of CMS, of insurance and private and other pay. 14 15 16 17 Sheet2 Sheet Sheet 112 PM Type here to search 0

Answer 1

SOURCES	$ year to date	% of income	%CMS 0.5 %	%insurance 15%	%private and others 0.01%
Private revenue	75000.00	3.048161	375	11250	7.5
Medicare Revenue	1225400.00	49.80289	6127	183810	122.54
Medicaid Revenue	785100.00	31.90815	3925.5	117765	78.51
Insurance Revenue	350000.00	14.22475	1750	52500	35
Other Revenue	25000.00	1.016054	125	3750	2.5
Totals	2460500

Revenue is nothing but income hence % of income = income / total income X 100

Cash management system as per the rules it is 0.5% of the income Hence, income X0.5 divided by 100

Insurance % is the commission which the company has allotted, differs from country to country in India its 15% maximum

Hence, income X 15 divided by 100

The private and others has an income percentage of 0.01, that means the hospitals / health care facilities will charge 0.01% of income as part of their protocols. It may vary according to institutions.

and Hence, income X 0.01 divided by 100