Evaluating Various Financial Statements

You will create this assignment following the Assignment Detail instructions below. Assignment Details – This is a 5 part deliverable PART 1 Your facility has 2000 cases in the following payer mix: 40% commercial insurances 25% Medicare insurance 15% Medicaid insurance 15% liability insurance 5% all others, including self-pay What are the proportions of the total cases for each payer? PART 2 The average Medicare rate for each case is $6,200. Use this as the baseline. Commercial insurances average 110% of Medicare, Medicaid averages 65% of Medicare., Lliability insurers average 200% of Medicare, and the others average 100% of Medicare rates. Calculate the individual reimbursement rates for all 5 payers? What is your expected Accounts Receivable? PART 3  Which of the following costs are fixed, which are variable, and which are direct or indirect: Materials/supplies (gowns, drapes, bedsheets) Wages (nurses, technicians) Utility, building, usage exp (lights, heat, technology) Medications Licensing of facility Per diem staff Insurances (malpractice, business, and so on) PART 4 Given the following costs per case: Materials/supplies: $2,270 Wages: $2,000 Utility, building, usage exp: $1,125 Insurances (malpractice, business, and so on): $175 What is the total cost of all combined cases? PART 5 Calculate the difference between accounts receivable (A/R) and accounts payable (A/P)