Question: Explain the difference between the total PMPM and a premium rate.

Explain the difference between the total PMPM and a premium rate.

Step by Step Solution

★★★★★

3.39 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Total PMPM Per Member Per Month and premium rate are both financial metrics used in the healthcare industry but they represent different aspects of he... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Management Questions!

Q:

Explain the difference between the total percentage increase in real GDP between 2005 and 2015 and the average annual growth rate in real GDP between the same years.

Q:

Solve yr+1- Y + xyx+1 Yx= 0 given y, = 2.

Q:

Explain the difference between nominal rate of interest and periodic rate of interest.

Q:

Loo king for assistance with questions 7 through 9. PMPM is $38.96 In setting the specific premium rates, New England must ensure that the total premiums collected, which would be paid by both the...

Q:

million enrollees in 25 different plans offered in Connecticut, CASE Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Recently, a consortium of employers-including major companies such...

Q:

Using the template documented on the page labeled 43 of the case study, please complete 2 premium calculations as you act as the consultant for this insurance company in its bid presentation. For the...

Q:

INPUT DATA: Inflation adjustment 0.0% KEY OUTPUT: PMPM bid $ 31.08 Administrative expense per. 0.0% Premium rated: Profit/reserves percent 0.0% Single Family $ OTHER INPUT AND MODEL-GENERATED DATA:...

Q:

Using the template documented on the page labeled 43 of the case study, please complete 2 premium calculations as you act as the consultant for this insurance company in its bid presentation. For the...

Q:

NEW ENGLAND HEALTHCARE PREMIUM DEVELOPMENT CASE 1 NEW ENGLAND HEALTHCARE is a regional not-for-profit managed care company headquartered in Hartford, Connecticut. Currently, the company has more than...

Q:

NEW ENGLAND HEALTHCARE PREMIUM DEVELOPMENT CASE 1 NEW ENGLAND HEALTHCARE is a regional not-for-profit managed care company headquartered in Hartford, Connecticut. Currently, the company has more than...

Q:

Cesium-134 has a half-life of 2.05 y. What is the activity (in curies) of a 0.50-mg sample?

Q:

The Furman Corporation entered into an assignment agreement with a finance company whereby Furman would be advanced 80% of all accounts assigned, less a $2,000 service charge. During the year,...

Q:

A 2011 study by Anna Mieczakowski, Tanya Goldhaber and John Clarkson investigated communication preferences in four countries. The responses for four communication methods have been cross-tabulated...

Q:

What are online communities, and how are they used in brand communication? AppendixLO1

Q:

Can you think of any bases that could be used to compare a ratio you have calculated from the financial statements of a business for a particular period?

Q:

Which one of the above categories of ratios is likely to be most useful to short-term lenders?

Q:

Eco-Energy Appliances Ltd started operations on 1 January and has produced the following forecasts for annual sales revenue: Required: Prepare projected cash flow statements of the business for each...

Q:

Consider a four-year project with the following information: initial fixed asset investment = $480,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $32;...

Q:

After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big...

Q:

Security on the windows computer can be bypassed by an intruder, using a bootable DVD or USB to boot to another operating system, besides restricting physical access to the computer, which of the...