Vable management. Assume there are two physician groups, Lower Merion Physician Group and Penncrest Medical Practice,...

 

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Vable 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.) 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 Mar 1-30 $2,590 $6,350 Mar 1-30 $1,730 $4,250 Feb 31-60 $650 $3,050 Feb 31-60 $650 $3,050 Jan 61-90 $310 $750 Jan 61-90 $1,170 $2,850 Quarter 1-90 $3,550 $10,150 Quarter 1-90 $3,550 $10,150 Vable 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.) 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 Mar 1-30 $2,590 $6,350 Mar 1-30 $1,730 $4,250 Feb 31-60 $650 $3,050 Feb 31-60 $650 $3,050 Jan 61-90 $310 $750 Jan 61-90 $1,170 $2,850 Quarter 1-90 $3,550 $10,150 Quarter 1-90 $3,550 $10,150

Answer rating: 100% (QA)

The net accounts receivable as a percentage of net patient revenues for Health Plan A and Health Pla... View the full answer