Question: Please help with Question 33a Please solve & show all work AADaa 33. Accounts receivable management. Assume there are two physician groups, Lower Merion Physician

Please help with Question 33a

Please solve & show all work

Please help with Question 33a Please solve & show all work AADaa

AADaa 33. Accounts receivable management. Assume there are two physician groups, Lower Merion Physician Group and Penncrest Medical Practice, and both groups have contracts with two ma- jor health plans. a. Use the information that follows to compute Lower Merion's days in accounts receivable, aging schedule, and accounts receivable as a percentage of net patient revenues for Health Plan A and for Health Plan B for quarter 1,20x2. Compare the two health plans to determine which plan is a faster payor. (Hint: For simplicity, assume that each month is 30 days. Dollar figures are expressed in thousands.) Mar Feb Jan 1-30 Health Plan A, Quarter 1 20X2 Days outstanding Net accounts receivable Net patient revenues Health Plan B, Quarter 1 20X2 Days outstanding Net accounts receivable Net patient revenues 61-90 $310 $750 $2,590 $6,350 Mar 31-60 $650 $3,050 Feb 31-60 $650 $3,050 Quarter 1-90 $3,550 $10,150 Quarter 1-90 $3,550 $10,150 Jan 1-30 $1,730 $4,250 61-90 $1,170 $2,850

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