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Category > Accounting Posted 27 May 2017 My Price 6.00

The intensity of care delivered dropped from a budgeted case mix of 0.90 to an actual case mix of 0.85

 

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.
  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
 
 

Answers

Alpha Geek
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Status NEW Posted 27 May 2017 06:05 PM My Price 6.00

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file 1495908224-Answer.docx preview (139 words )
T-----------he -----------int-----------ens-----------ity----------- of----------- ca-----------re -----------del-----------ive-----------red----------- dr-----------opp-----------ed -----------fro-----------m a----------- bu-----------dge-----------ted----------- ca-----------se -----------mix----------- of----------- 0.-----------90 -----------to -----------an -----------act-----------ual----------- ca-----------se -----------mix----------- of----------- 0.-----------85.----------- Wh-----------at -----------dol-----------lar----------- ef-----------fec-----------t d-----------id -----------thi-----------s h-----------ave----------- on----------- ac-----------tua-----------l c-----------ost-----------s? ----------- Yo-----------u h-----------ave----------- be-----------en -----------ask-----------ed -----------by -----------man-----------age-----------men-----------t t-----------o e-----------xpl-----------ain----------- th-----------e v-----------ari-----------anc-----------es -----------in -----------cos-----------ts -----------und-----------er -----------you-----------r i-----------npa-----------tie-----------nt -----------cap-----------ita-----------ted----------- co-----------ntr-----------act-----------. T-----------he -----------fol-----------low-----------ing----------- da-----------ta -----------is -----------pro-----------vid-----------ed.----------- Us-----------e t-----------he -----------fol-----------low-----------ing----------- da-----------ta -----------to -----------cal-----------cul-----------ate----------- th-----------e v-----------ari-----------anc-----------es.----------- B-----------udg-----------et -----------Act-----------ual----------- I-----------npa-----------tie-----------nt -----------Cos-----------ts -----------$12-----------,56-----------8,5-----------00 -----------$16-----------,61-----------8,3-----------50 ----------- Me-----------mbe-----------rs -----------42,-----------000----------- 42-----------,00-----------0 -----------Adm-----------iss-----------ion-----------
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