Based on the table below calculate the cost for patient X using the ratio of cost...

Based on the table below calculate the cost for patient X using the ratio of cost to charge method

				Billed	Calculated
Department	Charges	Cost	RCC	Charges	Cost
Med/Surg	$42,000,000	$14,000,000	________	$14,000	________
ICU	$10,000,000	$4,000,000	________	0	________
OR	$15,000,000	$6,000,000	________	$5,000	________
Respiratory therapy	$2,000,000	$1,000,000	________	$500	________
Rehab therapy	$5,000,000	$2,000,000	________	$2,000	________
Clinical Lab	$7,000,000	$2,000,000	________	$2,000	________
Radiology	$8,000,000	$3,000,000	________	$1,000	________
Pharmacy	$9,000,000	$3,000,000	________	$1,500	________
Cardiology	$3,000,000	$2,000,000	________	$1,000	________
Total Direct Cost	$101,000,000	$37,000,000		$27,000	________

Indirect cost (66.7% of direct cost, i.e., 40% of total cost)					________

Total cost patient X					________

Expert Solution

Particulars	Cost	Charge	Cost to Charge Ratio	Bill Charged	Cost of Patient X
Med/Surg	$ 14,00,000.00	$ 42,00,000.00	0.33	$ 14,000.00	$ 4,666.67
ICU	$ 4,00,000.00	$ 10,00,000.00	0.40	$ -	$ -
OR	$ 6,00,000.00	$ 15,00,000.00	0.40	$ 5,000.00	$ 2,000.00
Respiratory therapy	$ 1,00,000.00	$ 2,00,000.00	0.50	$ 500.00	$ 250.00
Rehab therapy	$ 2,00,000.00	$ 5,00,000.00	0.40	$ 2,000.00	$ 800.00
Clinical Lab	$ 2,00,000.00	$ 7,00,000.00	0.29	$ 2,000.00	$ 571.43
Radiology	$ 3,00,000.00	$ 8,00,000.00	0.38	$ 1,000.00	$ 375.00
Pharmacy	$ 3,00,000.00	$ 9,00,000.00	0.33	$ 1,500.00	$ 500.00
Cardiology	$ 2,00,000.00	$ 3,00,000.00	0.67	$ 1,000.00	$ 666.67
Total Direct Cost	$ 37,00,000.00	$ 1,01,00,000.00		$ 27,000.00	$ 9,829.76
Total Indirect Cost @ 66.7% of Direct Cost					$ 6,556.45
Total Cost of Patient X					$ 16,386.21

jeff jeffy answered 1 year ago

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