Strayer HSA 525 Assignments 4 and 5 Problems

HSA 525 Health Financial Management Assignment Exercise 4-1: Contractual Allowances Physician office revenue for visit code 99214 has a full established rate of $72.00. Of ten different payers, there are nine different contracted rates, as follows: Payer Contracted Rate FHP $35.70 HPHP 58.85 MC 54.90 UND 60.40 CCN 70.20 MO 70.75 CGN 10.00 PRU 54.90 PHCS 50.00 ANA 45.00 For each payer, compute the contractual allowance. Assignment Exercise 4-2 Revenue Sources and Grouping Revenue The Metropolis Health System has revenue sources from operations, donations, and interest income. The revenue from operations is primarily received for services. MHS groups its revenue first by cost center. Within each cost center the services revenue is then grouped by payer. For each of the six situations, indicate its number(1 through 6). Then place and X in the column(s) that represent the correct revenue source(s) for the item. The six situations are: (1) ICU stay billed to employee’s insurance program.- (2) Lab test paid for by an individual.- (3) Pathology work performed for the state.- (4) ICU stay billed to member’s health plan.- (5) ICU stay billed for Medicare beneficiary.- (6) Series of allergy tests run for eligible Medicaid beneficiary.- Medicare Medicaid Other Public Patients Commercial Managed Programs Insurance Care Contracts (1) (2) (3) (4) (5) (6) Assignment Exercise 5-1 Grouping Expenses by Cost Center The Metropolis Health System’s Rehabilitation and Wellness centre offers outpatient therapy and return-to-work services plus cardiac and pulmonary rehabilitation to get people back to a normal way of living. The Rehabilitation and Wellness Center expenses include the following: · Nursing Salaries · Physical Therapist Salaries · Occupational Therapist Salaries · Cardiac Rehab Salaries · Patient Education Coordinator Salary · Nursing Supplies · Physical Therapist Supplies · Occupational Therapist Supplies · Cardiac Rehab Supplies · Pulmonary Rehab Supplies · Training Supplies · Clerical Office Supplies · Employee Education Decide how many cost centers should be used for the above expenses at the Center and where each expense should be located. Assignment Exercise 5-2 Find a listing of expenses by diagnosis or by procedure. The source of the list can be internal or external. Comment upon whether you believe the expense grouping used is appropriate. Would you have grouped the expenses in another way?