Question: A practice uses $40 worth of a dentists time, $30 worth of a hygienists time, $10 worth of supplies, and $15 worth of a billing

A practice uses $40 worth of a dentists time, $30 worth of a hygienists time, $10 worth of supplies, and $15 worth of a billing clerks time to produce a visit. The practice charges a patient $25 and charges her insurer $70. The insurer spends an additional $4 to process the claim. The patient incurs travel costs of $20. What are the costs of the visit from the perspective of society, the patient, the practice, and the insurer?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 Finance Questions!

Please look over case study and answer the following in a 3-4 page paper Assume that you are the chairperson of the ad hoc task force. Your charge is to evaluate the two alternatives and to make a...

Happy Patients Network ABC Analysis Case Study Happy Patients Network (the Network), which consists of five medical group practices, is a subsidiary of not-for-profit Metro Health System (the...

please read the following pages - Identify the ethical issue(s); - Identify and analyze the stakeholders; - Identify and analyze the different courses of action to address the ethical issues(s) using...

- Identify the ethical issue(s); - Identify and analyze the different courses of action to address the ethical issues(s) using facts from the case and course concepts, including the ethical theories...

After Rana Plaza be Around nine in the morning on April 24, 2013, Rana Plaza, an eight-story building in Savar, Bangladesh, collapsed catastrophically in a hail of twisted concrete, steel bar, and...

- Identify the ethical issue(s); - Identify and analyze the stakeholders; - Identify and analyze the different courses of action to address the ethical issues(s) using facts from the case and course...

First one: Calculate Calzone Trucking's 2013 taxable income. Indicate the amount and the effect of any carryforwards or carrybacks on Calzone Trucking's current, past, or future income. Here are the...

5.1 Why is so important to distinguish between fixed and variable costs? 5.2 Explain how a decrease in input prices or an increase in efficiency would affect costs. 5.3 You spent $500,000 on staff...

Furniture Mart manufactures and sells a range of furniture. The company follows a just- in-time production philosophy, which means that it only buys materials on a need basis for production and it...

f ion 1. Mali Business is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Possible Market Reaction Sales in...

Question 9 ( True or False ) The employer can deduct the cost of professional protective equipment from an employee's pay if it is found that the employee is not utilizing it properly True False

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Discuss how human resource management affects a companys balanced scorecard. page 27

Understand and analyse the main causes of absence and how absence rates can be reduced.

Implement an analysis of retention measures, including wastage, stability and half- life indexes.