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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The intensity of care delivered dropped from a budgeted case mix of 0.90 to an actual case mix of 0.85. What dollar effect did this have on actual costs?
| You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Use the following data to calculate the variances. | ||
| Â | Budget | Actual |
| Inpatient Costs | $12,568,500 | $16,618,350 |
| Members | 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 |
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