You have been asked by management to explain the variances in costs under your inpatient capitated...
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You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Inpatient Costs Members Budget $12,568,500 Actual $16,618,350 42,000 42,000 Admission Rate 0.070 0.095 Case Mix Index 0.90 0.85 Cost per Case (CMI = 1.0) $4,750 $4,900 What dollar amount of the total variance is attributed to Enrollment Variance? You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Inpatient Costs Members Budget $12,568,500 Actual $16,618,350 42,000 42,000 Admission Rate 0.070 0.095 Case Mix Index 0.90 0.85 Cost per Case (CMI = 1.0) $4,750 $4,900 What dollar amount of the total variance is attributed to Enrollment Variance?
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