help preparing a budget

timer Asked: Aug 1st, 2015

Question description

Prepare a revenue budget for Happy Home Health Agency, Blue Cross members can only be charged $60 for a nurse visit by the agency even though the agency normally charges $75. Aetna Insurance Company has agreed to pay 80% of the agency normal charge. Medicaid regulation call or it to pay the cost of care and the cost of each visit is $45. Suppose further that Medicare has a fee schedule that calls for it to pay $50 for this type of patient. The agency gives a $50 dollar discount to poor and uninsured patients, charging them only $25. Happy expects that 40 blue cross, 15 Aetna, 20 Medicaid and 50 Medicare, 25 uninsured visit and 20 self-pay visit. Of the self-pay patients, ¾ pay their full charge, but one quarter never pay any of their bill. Prepare a revenue budget for Happy Home Health agency. Will Happy Home have a profit or loss?

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