Estimate the budget impact to michohio

Assignment Help Cost Accounting

Reference no: EM132744396

Question - The standard of care (SOC) for monitoring patients with cardiac resynchronization therapy with implantable cardioverter-defibrillator (CRT-D) is conventional monitoring. Conventional monitoring consists of 2 outpatient visits per year, plus a visit whenever a significant cardiovascular event occurs. Remote monitoring (RM) - continuous monitoring and CRT-D adjustments - has been shown to reduce mortality and other cardiovascular events. However, it requires additional costs for the equipment and monitoring. Using the table below, estimate the budget impact to Michohio for 2018. Do you recommend adoption of RM?

Population = 1,500,000

Prevalence of Cardiovascular Disease = 25%

Prevalence of CRT-D = 5%

Schedule Outpatient Visit =$150

Unscheduled Outpatient Visit = $5,000

RM equipment = $500

RM monitoring (mthly) = $50

SOC cardiovascular event rate = 15%

RM cardiovascular event rate = 0%

Reference no: EM132744396

Questions Cloud

Explain the importance of segregation of duties : Explain at least five types od employee fraud together with the methods of detection and prevention for each. Explain the importance of segregation of duties

Success of the project initialization : How will the culture and structure of the organization influence the success of the project's initialization?

Coca-cola is called global product : Coca-Cola is called a global product. Does this mean that Coca-Cola is formulated in the same way throughout the world?

Determine the profit or loss of the partnership : Determine the profit or loss of the partnership. Assuming 30% income tax rate. Red and Yellow entered into a partnership on March 1, 2006, investing $ 2,000,000

Estimate the budget impact to michohio : However, it requires additional costs for the equipment and monitoring. Using the table below, estimate the budget impact to Michohio for 2018

What is the result of selling the god : It was consumed by the straight-line method, the scrap value is 40,000 and the useful life is 10 years. What is the result of selling the god?

Develop a competitive profile matrix for nestle : Can you develop a Competitive Profile Matrix for Nestle?

Requirements for quick and accurate delivery : Explain how FedEx uses the Internet to meet requirements for quick and accurate delivery. Describe their technology and/or their processes.

What is the book value of the machine on sept to date : The straight-line method, the scrap value is 40,000 and the useful life is 10 years. What is the book value of the machine on 30/9/1434 to date?

User Account

All Pages