Question: You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will

You are a physician thinking about taking a capitated rate from

an insurance plan. You are concerned that it includes lab tests that

You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the following information: 1. Population 500 members (patients) 2. PMPM $90 (PMPM = per member per month) 3. Lab test utilization averages 20 tests per member per year 4. Lab test cost to you averages $7.50 per test How much do you net from this plan per year after you pay for the expected lab tests

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!

Q:

You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the following information:...

Q:

Question 6 2 pts You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the...

Q:

Question 8 2 pts You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the...

Q:

You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the following information:...

Q:

Question 7 2 pts You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the...

Q:

You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the following information:...

Q:

Question 9 2 pts You are a physician thinking about taking a capitated rate from an insurance plan. You are concerned that it includes lab tests that you will have to pay for. You are given the...

Q:

Answer the following questions: 1). The government has made recommendations to help companies and their employees cope with the issues surrounding COVID-19. Share at least 3 of these recommendations...

Q:

Please complete the Internal Analysis attached at the end **USE ONLY THIS CASE STUDY. THE GRAPHS ARE ATTACHED BELOW. THIS IS ALL THE REFERENCE YOU WILL NEED TO COMPLETE THE WORKSHEET, ALSO ATTACHED....

Q:

Please complete the Internal Analysis attached at the end **USE ONLY THIS CASE STUDY. THE GRAPHS ARE ATTACHED BELOW. THIS IS ALL THE REFERENCE YOU WILL NEED TO COMPLETE THE WORKSHEET, ALSO ATTACHED....

Q:

You have been hired as the new controller for the Ralston Company. Shortly after joining the company in 2011, you discover the following errors related to the 2009 and 2010 financial statements: a....

Q:

Sid is in a car traveling at speed 10 t + 70 miles per hour away from LasVegas, where t is in hours. At t = 0 , Sid is 10 miles away from Vegas. How far from Vegas is Sid 2 hours later?

Q:

All else being equal, as the compounding frequency increases, the future value of a lump sum will: Multiple Choice Increase Decrease

Q:

Growth and DebtEquity Ratio A firm wishes to maintain a growth rate of 14 percent and a dividend payout ratio of 40 percent. The ratio of total assets to sales is constant at .8, and profit margin is...

Q:

Notes Receivable with Unrealistic Interest Rate On December 31, 2009, Hurly Co. performed environmental consulting services for Cascade Co. Cascade was short of cash, and Hurly Co. agreed to accept a...

Q:

Big City Carl, a local politician, is advancing a project for the construction of a new dock and pier system at the river to attract new commerce to the city. A committee appointed by the mayor (an...

Q:

The local highway department is preparing an economic analysis to see whether reconstruction of the pavement on a mountain road is justified. The number of vehicles traveling on the road increases...

Q:

The High ridge Water District needs an additional supply of water from Steep Creek. The engineer has selected two plans for comparison: Gravity plan: Divert water at a point 10 miles up Steep Creek...

Q:

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Q:

Assess tile morality of what tile curious applicants did from tile point of View of egoism, utilitarianism, Kant's ethics, Ross's pluralism, and rule utilitarianism.

Q:

Suppose an individual falls to fulfill one of these preamp live duties. To what extent are we fustllied In blaming the person for any subsequent organiiallonal misconduct?

Q:

Suppose that you had been one of the MBA appllcan1s who sl\Jmbled across an opporwnity to learn your results early. What would you have done, and why? Would you have considered it a moral decision?...