Question: Table 6. Variable Costs and Net Reimbursement To complete Table 6, multiply reimbursement per visit by 10% (0.10) and subtract this number from reimbursement to

 Table 6. Variable Costs and Net Reimbursement To complete Table 6,multiply reimbursement per visit by 10% (0.10) and subtract this number from

Table 6. Variable Costs and Net Reimbursement To complete Table 6, multiply reimbursement per visit by 10% (0.10) and subtract this number from reimbursement to obtain net reimbursement per patient Cost Factors Dollar Amount Reimbursement per visit Variable cost per patient 10% Net Reimbursement per patient: 7. Breakeven Analysis To calculate the number of patients needed to break even, divide total practice costs by net reimbursement. To calculate the number of patients per day, divide the total number of patients for an annual breakeven number by the number of days the practice is open. Enter text below Editing Suppose you are to get rid of smoking in Philadelphia and you have to take a team of 15 physicians of salary $5000 each, 35 nurses of salary $2500 each and support tech of salary $2100 each (per month) for examining, awareness and counseling. Calculate the following: Table 5. RVU and Reimbursement Calculation The cost of physician care varies in different locations, as do the cost of operating a practice and the rates of physician malpractice claims. In addition, each year Medicare adjusts the conversion rate either up or down. Category RVU GCI Total RVU Totals RVU: GCI Total RVU Table 6. Variable Costs and Net Reimbursement To complete Table 6, multiply reimbursement per visit by 10% (0.10) and subtract this number from reimbursement to obtain net reimbursement per patient Cost Factors Dollar Amount Reimbursement per visit Variable cost per patient 10% Net Reimbursement per patient: 7. Breakeven Analysis To calculate the number of patients needed to break even, divide total practice costs by net reimbursement. To calculate the number of patients per day, divide the total number of patients for an annual breakeven number by the number of days the practice is open. Enter text below Editing Suppose you are to get rid of smoking in Philadelphia and you have to take a team of 15 physicians of salary $5000 each, 35 nurses of salary $2500 each and support tech of salary $2100 each (per month) for examining, awareness and counseling. Calculate the following: Table 5. RVU and Reimbursement Calculation The cost of physician care varies in different locations, as do the cost of operating a practice and the rates of physician malpractice claims. In addition, each year Medicare adjusts the conversion rate either up or down. Category RVU GCI Total RVU Totals RVU: GCI Total RVU

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!