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In: Operations Management

A medical office has many patients covered by WeCare, a preferred provider health insurance company. A...

A medical office has many patients covered by WeCare, a preferred provider health insurance company. A Level 1 office visit has a standard charge of $80. WeCare pays $50. The past history shows that WeCare denied 5% of claims for Level 1 office visits. There were 100 Level 1 office visits by WeCare patients in the past month. Assuming the same past history, what will the totals be for accounts receivable and less: Allowance for Uncollectible payments?

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Expert Solution

As per the given information, we need to find out Accounts receivable - (Allowance for uncollectible payments) for the medical office.

Medical office charges - $80.

Reimbursement - $50

Number of patients - 100.

Claims receivable - 95.

Total amount receivable from WeCare - 50*95 = $ 4750.

Allowance for uncollectible payments - I assume as this infrmation is not given, studemt would have found out. so, just less from 4750.

keosha answered 2 years ago
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