Question: Please answer questions 8.2 a and b. Here are the 2020 revenues for the Wendover Group Practice Association for four different budgets (in thousands of
Please answer questions 8.2 a and b.
Here are the 2020 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars): a. What do the budget data tell you about the nature of Wendover's patients: Are they capitated or fee-for-service? (Hint: See the note to exhibit 8.7.) b. Calculate and interpret the following variances: - Revenue variance - Volume variance - Price variance - Enrollment variance - Utilization variance
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