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Category > Business & Finance Posted 16 Aug 2017 My Price 7.00

Medical Careers Institute, School of Health Science of ECPI University HCA 430 Financial Management &

Need help asap with the attached document below.

Use the information in the table below for problems 33 to 41. The financial information presented below for ABC Healthcare was filed with the Department of Insurance.

           

                                                                                                                       Current Year   Previous Year

Cash and Short-Term Investments         $34,094,076          $11,863,992

Receivables                                           13,036,037            15,112,834

 

Other Current Assets                               3,650,374              6,306,384

 

Total Current Assets                             $50,780,487          $33,283,210

 

Long-Term Investments                     $134,233,202        $126,679,509

Property, Plant and Equipment                 1,108,330              2,216,891

 

 

 

 

 

Total Assets                                       $186,122,019        $162,179,610

 

 

Current Liabilities                                $70,301,625          $66,950,203

Other Liabilities                                      4,017,789              3,949,442

 

 

Net Worth                                           111,802,605            91,279,965

 

 

Total Liabilities and Net Worth           $186,122,019        $162,179,610

 

 

 

Member Months                                      4,820,351              4,721,314

 

 

Premium Revenue                              $512,600,104        $515,079,684

Medicaid Revenue                                 58,969,632            63,979,870

 

Investment Income                                  8,637,915              6,640,969

 

Total                                                                              $580,207,651           $585,700,523

 

Physician Services                               157,313,074          148,868,294

Other Professional                                 23,733,163            21,526,611

Inpatient                                              110,813,471          113,989,688

Incentive Pool                                         1,834,583              4,677,527

Outpatient                                           103,981,202            97,746,260

Pharmacy                                              62,764,866            67,567,497

Access Fees                                               341,685                402,285

Reinsurance                                            2,321,544              1,682,121

Coordination of Benefits                          (434,217)                (80,097)

 

 

Total Medical & Hospital                   $462,669,371        $456,380,186

 

Administration                                      76,772,846            76,807,222

 

 

Total Expenses                                  $539,442,217        $533,187,408

 

Income Before Tax                                40,765,434            52,513,115

 

 

 – Tax                                                                                 12,685,285           17,682,052

Net Income                                          $28,080,149          $34,831,063

 

 

 

1.      Information in the insurance filing shows that 101,909 hospital patient days of care were provided to members in the current year. How many patient days per 1,000 members were provided?

 

 

 

2.      What was the average subscriber revenue realized Per Member Per Month (PMPM) in both the current year and the previous year?

 

 

 

3.      Why did investment income increase in the current year?

 

 

 

4.      What was the average yield on cash and investments during the current year?

 

 

 

5.      Net Worth increased by $20,522,640 during the current year, but Net Income was $28,080,149. What might have accounted for this difference?

 

 

 

6.      Is ABC Healthcare more or less debt-financed than the average for health plans (refer to the textbook chapter for industry averages)?

 

 

 

7.      Calculate ABC’s total Days Cash on Hand (ignore depreciation and other non-cash expenses). Does ABC have more or less cash than industry averages?

 

 

 

8.      What is the main reason that ABC’s margins declined in the current year?

 

 

 

9.      Physician service expense PMPM increased by what dollar amount in the current year?

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