you have been asked to explain variances in cost under inpatient capitated contract. 1. what dollar amount of the toal variance is attributed to enrolment variance. what dollar affect did the increased admission rate have on cost? budget actual inpatient cost 12,568,500 16618350 members 4200 4200 admission rate 0.07 0.095 case mix index 0.9 0.85 cost per case (CMI = 1.0) 4750 4900
you have been asked to explain variances in cost under inpatient capitated contract. 1. what dollar amount of the toal variance is attributed to enrolment variance. what dollar affect did the increased admission rate have on cost? budget actual inpatient cost 12,568,500 16618350 members 4200 4200 admission rate 0.07 0.095 case mix index 0.9 0.85 cost per case (CMI = 1.0) 4750 4900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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you have been asked to explain variances in cost under inpatient capitated contract.
1. what dollar amount of the toal variance is attributed to enrolment variance. what dollar affect did the increased admission rate have on cost?
| budget | actual | |
| inpatient cost | 12,568,500 | 16618350 |
| members | 4200 | 4200 |
| admission rate | 0.07 | 0.095 |
| case mix index | 0.9 | 0.85 |
| cost per case (CMI = 1.0) | 4750 | 4900 |
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