Homework Answers
| Particulars | UoM | Blue Cross | Highmark | Total Visits | ||||
| FSC visits | nos | 36000 | 54000 | 90000 | ||||
| Reimbursement rate | USD | 25 | 20 | |||||
| Revenue | 900000 | 1080000 | 1980000 | |||||
| Variable costs | hours | Price/hour (USD) | Costs USD | |||||
| Labour | 48000 | 25 | 1200000 | |||||
| Supplies | 100000 | 1.5 | 150000 | |||||
| Variable costs | 1350000 | |||||||
| Operating Budget | ||||||||
| Particulars | USD | |||||||
| Revenue | 1980000 | |||||||
| Variable costs | 1350000 | |||||||
| Gross profit | 630000 | |||||||
| Fixed overhead | 500000 | |||||||
| Operating profit | 130000 | |||||||
| Assumption | ||||||||
| 1. Revenue matrix may get changed. Bluematrix visits may be higher or lower and accordingly,impact on higher matrix visits. It will reduce/increase revenue | ||||||||
| 2. Variable cost is 68%. It may change to more than 68% and vise versa. It will impact on profits | ||||||||
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6 Chelsea Clinic projected the following budget information for 2015: 8. Total FFS Visit Volume Payer...
Chapter 8: Financia l Planning and Budgeting elsea Clinic projected the following budget information for 2015:...
Chapter 8: Financia l Planning and Budgeting elsea Clinic projected the following budget information for 2015: Che 8.6 Total FFS Visit Volume Payer Mix: 90,000 visits Blue Cross 40% 60% Highmark Reimbursement Rates: Blue Cross Highmark $25 per visit $20 per visit Variable Costs Resource Inputs: Labor 48,000 total hours 100,000 total units Supplies Resource Input Prices: Labor Supplies $25.00 per hour $1.50 per unit $500,000 Fixed Costs (overhead, plant, and equipment) a. Construct Chelsea Clinic's operating budget for 2015...
(--) 。 소 | Chelsea Clinic's projected budget information for 2015 is listed below. Total FFS...
(--) 。 소 | Chelsea Clinic's projected budget information for 2015 is listed below. Total FFS Visit Vohume Payer Mix 凸 https:/ intncture.comuurse /1499132/qannaosannake 90,000 visits Blue Cross 40% 60% Highmark Blue Cross Highmark S25 per visit S20 per visit Variable Costs Resource Inputs Labor Supplies 48,000 total hours 00,000 total units Resource Input Prices Labor Supplies S 25.00 per hour S 1.50 per unit Fixed Costs (overhead plant and equipment) $500,000.00 Based on this information, calculate the Blue Cross...
8.6 attached for reference 8.7 Refer to Problem 8.6. Chelsea Clinic's actual results for 2015 are...
8.6 attached for reference
8.7 Refer to Problem 8.6. Chelsea Clinic's actual results for 2015 are shown in the table below. Total FFS Visit Volume Payer Mix: 100,000 visits Blue Cross 40% 60% Highmark Reimbursement Rates: Blue Cross $28 per visit $18 per visit Highmark Variable Costs Resource Inputs 50,000 total hours 150,000 total units (continued) Labor Supplies continued from previous page) Resource Input Prices: $28.00 per hour $1.50 per unit $500,000 Labor Supplies Fixed Costs (overhead, plant, and equipment)...
Tallahassee Clinic projected the following budget information for 2018: Total FFS Visit Volume 90,000 visits Payer...
Tallahassee Clinic projected the following budget information for 2018: Total FFS Visit Volume 90,000 visits Payer Mix: Blue Cross 40% Celtic Insurance Company 60% Reimbursement Rates: Blue Cross $25 per visit Celtic Insurance Company $20 per visit Variable Costs – Resource Inputs: Labor 48,000 total hours Supplies 100,000 total units Variable Costs – Input Prices: Labor $25 per hour Supplies $1.50 per unit Fixed Costs (overhead, plant, and equipment) $500,000 Construct Tallahassee...
Problem 1 Tallahassee Clinic projected the following budget information for 2018: Total FFS Visit Volume 90,000...
Problem 1 Tallahassee Clinic projected the following budget information for 2018: Total FFS Visit Volume 90,000 visits Payer Mix: Blue Cross 40% Celtic Insurance Company 60% Reimbursement Rates: Blue Cross $25 per visit Celtic Insurance Company $20 per visit Variable Costs – Resource Inputs: Labor 48,000 total hours Supplies 100,000 total units Variable Costs – Input Prices: Labor $25 per hour Supplies $1.50 per unit Fixed Costs (overhead, plant, and equipment) $500,000...
Problem 1 Tallahassee Clinic projected the following budget information for 2018: Total FFS Visit Volume 90,000...
Problem 1
Tallahassee Clinic projected the following budget information
for 2018:
Total FFS Visit Volume
90,000 visits
Payer Mix:
Blue Cross
40%
Celtic Insurance Company
60%
Reimbursement Rates:
Blue Cross
$25 per visit
Celtic Insurance Company
$20 per visit
Variable Costs – Resource Inputs:
Labor
48,000 total hours
Supplies
100,000 total units
Variable Costs – Input Prices:
Labor
$25 per hour
Supplies
$1.50 per unit
Fixed Costs (overhead, plant, and equipment)
$500,000...
Does this look right so far? How do I find the contribution margin and budgeted profits?...
Does this look right so far? How do I find the contribution
margin and budgeted profits?
1 CHAPTER 8: FINANCIAL PLANNING & BUDGETING 2 Homework 3.4, Chapter 8 3 4 Chelsea Clinic projected the following budget information for 2021: 5 6 TotalFFS Visits Volume 70,000 visits 7 Payer Mix 8 Blue Cross 60% 9 Highmark 40% 10 Reimbursement Rates: 11 Blue Cross $45 per visit 12 Highmark $50 per visit 13 Variable Costs 14 Resource Inputs: 15 Labor 0.7 total...
11. Chelsea Clinic's static budget, flexible budget and actual expense information for 2018 is listed below....
11. Chelsea Clinic's static budget, flexible budget and actual expense information for 2018 is listed below. To make the following problems easier I have summarized the following three financial statements side by side - static budget, flexible budget and actual results. Assumptions: Blue Cross Visits Highmark Visits Total Visits Static Budget 36,000 54,000 90,000 Flexible Budget 40,000 60,000 100,000 Actual Results 40,000 60,000 100,000 Revenues Blue Cross Highmark Total $ $ $ 900,000 $ 1.080.000 $ 1,980,000 $ 1,000,000 $...
Chelsea Clinic’s static budget, flexible budget and actual expense information for 2020 is listed below. Assumptions:...
Chelsea Clinic’s static budget, flexible budget and actual expense information for 2020 is listed below. Assumptions: Static Budget Flexible Budget Actual Results Blue Cross Visits 36,000 40,000 40,000 Highmark Visits 54,000 60,000 60,000 Total Visits 90,000 100,000 100,000 Revenues Blue Cross $ 900,000 $ 1,000,000 $ 1,120,000 Highmark $ 1,080,000 $ 1,200,000 $ 1,080,000 Total $ 1,980,000 $ 2,200,000 $ 2,200,000 Costs Variable: Labor $ 1,200,000 $ 1,333,333 $ ...
A clinic variable costs per visit is SR350 and total fixed costs are SR250,000, has provided...
A clinic variable costs per visit is SR350 and total fixed costs are SR250,000, has provided two methods contract to two companies. The first under capitation; revenue SR1,200,000, and the second under FFS reimbursement SR600 per visit. Required 1. Prepare the P&L statement under capitation and FFS reimbursement for 2,000, 2,500, and 3,000 visits. saine ndoth methods 1. P&L under capitation P&L under FFS reimbursement
Chapter 8: Financia l Planning and Budgeting elsea Clinic projected the following budget information for 2015: Che 8.6 Total FFS Visit Volume Payer Mix: 90,000 visits Blue Cross 40% 60% Highmark Reimbursement Rates: Blue Cross Highmark $25 per visit $20 per visit Variable Costs Resource Inputs: Labor 48,000 total hours 100,000 total units Supplies Resource Input Prices: Labor Supplies $25.00 per hour $1.50 per unit $500,000 Fixed Costs (overhead, plant, and equipment) a. Construct Chelsea Clinic's operating budget for 2015...
(--) 。 소 | Chelsea Clinic's projected budget information for 2015 is listed below. Total FFS Visit Vohume Payer Mix 凸 https:/ intncture.comuurse /1499132/qannaosannake 90,000 visits Blue Cross 40% 60% Highmark Blue Cross Highmark S25 per visit S20 per visit Variable Costs Resource Inputs Labor Supplies 48,000 total hours 00,000 total units Resource Input Prices Labor Supplies S 25.00 per hour S 1.50 per unit Fixed Costs (overhead plant and equipment) $500,000.00 Based on this information, calculate the Blue Cross...
8.6 attached for reference
8.7 Refer to Problem 8.6. Chelsea Clinic's actual results for 2015 are shown in the table below. Total FFS Visit Volume Payer Mix: 100,000 visits Blue Cross 40% 60% Highmark Reimbursement Rates: Blue Cross $28 per visit $18 per visit Highmark Variable Costs Resource Inputs 50,000 total hours 150,000 total units (continued) Labor Supplies continued from previous page) Resource Input Prices: $28.00 per hour $1.50 per unit $500,000 Labor Supplies Fixed Costs (overhead, plant, and equipment)...
Problem 1
Tallahassee Clinic projected the following budget information
for 2018:
Total FFS Visit Volume
90,000 visits
Payer Mix:
Blue Cross
40%
Celtic Insurance Company
60%
Reimbursement Rates:
Blue Cross
$25 per visit
Celtic Insurance Company
$20 per visit
Variable Costs – Resource Inputs:
Labor
48,000 total hours
Supplies
100,000 total units
Variable Costs – Input Prices:
Labor
$25 per hour
Supplies
$1.50 per unit
Fixed Costs (overhead, plant, and equipment)
$500,000...
Does this look right so far? How do I find the contribution
margin and budgeted profits?
1 CHAPTER 8: FINANCIAL PLANNING & BUDGETING 2 Homework 3.4, Chapter 8 3 4 Chelsea Clinic projected the following budget information for 2021: 5 6 TotalFFS Visits Volume 70,000 visits 7 Payer Mix 8 Blue Cross 60% 9 Highmark 40% 10 Reimbursement Rates: 11 Blue Cross $45 per visit 12 Highmark $50 per visit 13 Variable Costs 14 Resource Inputs: 15 Labor 0.7 total...
11. Chelsea Clinic's static budget, flexible budget and actual expense information for 2018 is listed below. To make the following problems easier I have summarized the following three financial statements side by side - static budget, flexible budget and actual results. Assumptions: Blue Cross Visits Highmark Visits Total Visits Static Budget 36,000 54,000 90,000 Flexible Budget 40,000 60,000 100,000 Actual Results 40,000 60,000 100,000 Revenues Blue Cross Highmark Total $ $ $ 900,000 $ 1.080.000 $ 1,980,000 $ 1,000,000 $...
A clinic variable costs per visit is SR350 and total fixed costs are SR250,000, has provided two methods contract to two companies. The first under capitation; revenue SR1,200,000, and the second under FFS reimbursement SR600 per visit. Required 1. Prepare the P&L statement under capitation and FFS reimbursement for 2,000, 2,500, and 3,000 visits. saine ndoth methods 1. P&L under capitation P&L under FFS reimbursement
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