A patient with BC insurance generated $4,000 in charges and BC paid 75% of their bill,...

A patient with BC insurance generated $4,000 in charges and BC paid 75% of their bill, what would the profit or loss be for this patient using global RCC, given that the clinic's total charges were $1,000,000 and total Revenues were $600,000 and total expenses were $550,000

Expert Solution

Facts of the case :A patient with BC insurance generated $4,000 in charges and BC paid 75% of their bill, what would the profit or loss be for this patient using global RCC, given that the clinic's total charges were $1,000,000 and total Revenues were $600,000 and total expenses were $550,000

Answer :

Profit/loss for the patient =

= 4000*25%

= $1,000

jeff jeffy answered 2 years ago

An insurance company charges an annual premium of $75 for a $200,000 insurance policy against a...

An insurance company charges an annual premium of $75 for a $200,000 insurance policy against a house burning down. If the (empirical) probability that a house burns down in a given year is .0003, what is the expected value of the policy to the insurance company?

On 12/31/24, the Cheboygan Company paid $4,000 of prepaid insurance and expensed the entire amount. The...

On 12/31/24, the Cheboygan Company paid $4,000 of prepaid insurance and expensed the entire amount. The policy covered the period 1/1/25 to 12/31/29. The error was discovered on 1/10/28; the 2027 books are closed. The correcting journal entry will include what entry to 1/1/28 Retained Earnings? Select one: a. $1,600 debit b. $2,400 debit c. $2,400 credit d. No journal entry needed e. $1,600 credit

Finance Charges. Bill wants to purchase a new car for $42 comma 000. Bill has no...

Finance Charges. Bill wants to purchase a new car for $42 comma 000. Bill has no savings, so he needs to finance the entire purchase amount. With no down payment, the interest rate on the loan is 17% and the maturity of the loan is six years. His monthly payments will be $934.34. Bill's monthly net cash flows are $667. Bill also has a credit card with a $12 comma 055 limit and an interest rate of 22%. If Bill...

1a.A customer charges a treadmill at Annie's Sport Shop. The price is $4,000 and the financing...

1a.A customer charges a treadmill at Annie's Sport Shop. The price is $4,000 and the financing charge is 6% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a monthly finance charge is added to the customer's account. What is the amount of the finance charge? a $8 b $20 c $80 d $240 1b.If a company fails to record estimated bad debts expense, a cash realizable...

What is a Patient Bill of Rights and Why is it Important?

Raj’s credit card has a 16% interest rate, a 31-day bill cycle and charges finance charges...

Raj’s credit card has a 16% interest rate, a 31-day bill cycle and charges finance charges using the average daily balance method including new purchases. Imagine the following things happened during the most recent billing cycle: a. Raj’s card has an initial balance of $316. b. On Day 3, Raj buys Pizza for $22 c. On Day 12 Raj buys a new TV for $1,200. d. On Day 25 Raj makes a payment to the credit card company for $900...

sbar on a 75 years old patient with uti

You have $4,000 on a credit card that charges a 14% interest rate. If you want...

You have $4,000 on a credit card that charges a 14% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?

Bill rides the subway at a cost of $.75 per trip but would switch if the...

Bill rides the subway at a cost of $.75 per trip but would switch if the price were any higher. His only alternative is a bus that takes five minutes longer, but costs only $.50. His only alternative is a bus that takes five minutes longer but costs only $.50. He makes 10 trips a year. The city is considering renovations of the subway system that will reduce the trip by 10 minutes, but fares would rise by $.40 per...

what criteria must be met to bill a Medicare patient as an inpatient and observation patient?

Question