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 2 years ago

Using the table below, calculate the variance of X, variance of Y, standard deviation of X,...

Using the table below, calculate the variance of X, variance of Y, standard deviation of X, standard deviation of Y, the covariance between X and Y, the correlation coefficient between X and Y, and find the regression line assuming X is the independent variable (find the slope and the intercept). Show your work Fill in the Blanks: X Y X-Xbar Y-Ybar (X-Xbar)^2 (Y-Ybar)^2 (X-Xbar)*(Y-Ybar) 5 3 9 6 12 15 17 20 21 23 Sum Calculate the following and show...

Using the table below calculate the missing values.

Using the table below calculate the missing values.YearNominal GDPReal GDPGDP Deflator1 (2007)3,753____________812 (2008)4,5515,009____________3 (2009)5,150____________100.004 (2010)5,6665,255____________5 (2011)____________6,175 158Enter the missing values : the inflation/growth rates as indicated below.Inflation rate year 1-2 ____________Inflation rate year 3-4 ____________Real growth rate yr. 2-3 ____________Real growth rate yr. 4-5 ____________

A Using the balance sheet and income statement below, calculate the quick ratio. B Using the...

A Using the balance sheet and income statement below, calculate the quick ratio. B Using the balance sheet and income statement below, calculate the current ratio. C Using the balance sheet and income statement below, calculate return on equity. D Using the balance sheet and income statement below, calculate days sales outstanding (also called average collection period). E Using the balance sheet and income statement below, calculate inventory turnover. F sing the balance sheet and income statement below, calculate the...

Calculate the expected return based on the information in the table below State of economy Probability...

Calculate the expected return based on the information in the table below State of economy Probability of state of economy Rate of return if state occurs Recession .30 -.07 Normal .60 .13 Boom .10 .23

Using the data in the table below, calculate the return for investing in the share from...

Using the data in the table below, calculate the return for investing in the share from 1 January to 31 December. Prices are after the dividend has been paid Date Price Dividend Jan 1 $31.53 − Feb 5 $31.11 $0.22 May 14 $30.67 $0.18 Aug 13 $31.78 $0.21 Nov 12 $37.95 $0.22 Dec 31 $40.11 Return for the entire period is ................. %. (Enter your response as a percent rounded to two decimal places.)

Fill in the table below, using the information on this handout, based on what is best...

Fill in the table below, using the information on this handout, based on what is best for the client. Jake (age 47) and Sally (age 37) are married and have three children, ages 4, 7, and 10. The W2 table is for the 2019 income tax year. Assume tax laws in 2019 are as described in the textbook. They will file as Married Filing a Joint Return. If no information is given about something, assume zero, e.g., zero contributions to...

Using the information below, calculate the cost of goods manufactured for the period:

Using the information below, calculate the cost of goods manufactured for the period:Beginning Raw Materials Inventory$26,000Ending Raw Materials Inventory31,000Beginning Work in Process Inventory56,000Ending Work in Process Inventory65,000Beginning Finished Goods Inventory81,500Ending Finished Goods Inventory68,000Cost of Goods Sold for the period541,000Sales revenues for the period1,255,000Operating expenses for the period233,000

Using XYZ Company's income statement and balance sheet below calculate: Current ratio Quick ratio Total debt...

Using XYZ Company's income statement and balance sheet below calculate: Current ratio Quick ratio Total debt to total assets Operating margin Profit margin Return on assets P/E ratio Financial leverage ROE Use the DuPont equation and solve for ROE. 20XX Assets Cash $ 85,632 Accounts receivable 878,000 Inventories 1,716,480 Total current assets $ 2,680,112 Gross fixed assets 1,197,160 Less accumulated depreciation 380,120 Net fixed assets $ 817,040 Total assets $ 3,497,152 Liabilities and Equity Accounts payable $ 436,800 Accruals 408,000...

Calculate the NPV based on the scenarios in the table below: Scenario Boom Average Weak Bust...

Calculate the NPV based on the scenarios in the table below: Scenario Boom Average Weak Bust Probability 0.15 0.40 0.35 0.10 Units Sold 1,000 750 500 250 Unit Selling Price $11 $10 $8 $5 Revenue ______ ______ ______ ______ Variable Cost % of Revenue 55% 50% 45% 30% Variable Cost ______ ______ ______ ______ Fixed Cost 1,000 1,000 1,000 1,000 Total Cost Profit (Loss) = A ______ ______ ______ ______ NPV Factor = B 3.25 3.25 3.25 3.25...

1. Using the information in the table below, calculate the Index of Segregation by occupation. Interpret...

1. Using the information in the table below, calculate the Index of Segregation by occupation. Interpret the index number that you calculated and provide an explanation of it's meaning. Occupation Men Women Managerial 11,005 9,387 Professional and Technical 12,063 13,952 Sales 7,601 6,953 Clerical/Administrative 3,751 14,128 Service 6.465 10,066 Production/Craft 13,516 1,283 Operatives 9,302 3,007 Laborers 3,631 1,011 Total 67,334 59,787 **Note: All numbers are in thousands** 2. Carefully explain the two broad potential causes for the extent of gender...

Question