Reference no: EM13973185
Determine the amount of net operating income that would result for a hospital whose payer mix and expected volume (100 cases) is as follows:
(1)
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30 Medicare cases
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pay $2,000 per case
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30 Blue Cross Blue Shield cases
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pay $2,200 per case
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20 commercial cases
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pay 100 percent of charges
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10 Medicaid cases
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pay average cost
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8 self-pay cases
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pay 100 percent of charges
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2 charity cases
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pay nothing
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Average cost per case is expected to be $2,200, and the average charge per case is $2,500
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(1)
- Calculate Gross patient revenue and deductions from gross patient revenue.
- Define revenue
- Define fee for service, discounted fee for service, charity services, and payment before service is delivered. ( all written assignments must be in APA format)
(3)
Time Value of Money (TVM)
Calculate the Future Value of $1 in each of these 3 projects
TVM Exercise
Project Number of periods Interest rate
Pop 5 11%
Whistle 4 7%
Loop 3 8%
(4)
Calculate the Present Value of each of the Projects below:
Project End of period Discount rate Single cash Flow
Pop 5 11% $10,000
Whistle 15 7% 7,500
Loop 25 8% 5,000
Income Statement Preparation:
(5) Prepare an Income Statement, in proper format, for 2015 for Johnson Medical Supplies (JMS) from the following information:
- Salaries $70,000
- Insurance $700
- Utilities $3,500
- Gas/Auto $5,750
- Office Supplies $7,250
- Revenue $175,000
- Rent $12,000
- Maintenance $50,000
(6) Calculate, define, and discuss the operating expenses, operating profit, and profit percentage.
Did JMS have a good year? Why/Why not?
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