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The hospital wishes to reduce its dependence on government payers… 1 answer below »

Medicare and Medicaid presently account for 50% of the volume. The hospital wishes to reduce its dependence on government payers. Assume that Medicare volume is reduced to 380 patients and Medicaid volume is reduced to 90 patients. The volume from managed-care plan #1 rises to 320 patients from 300. The volume from managed-care plan #2 increases to 110 patients. Thus, total volume is unchanged at 1,000 visits. What is the new price necessary assuming all other factors are unchanged?

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Name: _______________________________________

HPM 6008 – FINAL EXAM
Remember to show your work
in order to receive partial credit

Question # 1 (5 points)
What is the primary distinction between prospective payment and retrospective payment?

Question # 2 (6 points)
What are the six stages of the revenue cycle?

Question # 3 (3 points)
What is the registration process, including the activities that comprise it?

Question # 4 (2 points)
What are the two types of forms used for health services billing?

Question # 5 (6 points)
What are the six elements that should be present, at a minimum, in all chargemasters?

Question # 6 (3 points)
What is charge explosion?

Question # 7 (3 points)
What are the three major ways that health care providers can control their revenue function?

Question # 8 (3 points)
What are the three factors that influence pricing?

Question # 9 (4 points)
What are the four major activities of a health plan?

For Questions 10 and 11, start with the price-setting example from the text. The initial assumptions are provided in the table below.

Total cost $100,000 Total volume 1,000 Average cost $100 Payer volumes Medicare (payment rate = $95) 400 Medicaid (payment rate = $75) 100 Managed Care # 1 (payment rate = $110) 300 Managed Care # 2 (pay 80% of charges) 100 Uninsured (pay 10% of charges) 100 Total all payers 1,000 Desired net income $5,000
Question # 10 (10 points)
Medicare and Medicaid presently account for 50% of the volume. The hospital wishes to reduce its dependence on government payers. Assume that Medicare volume is reduced to 380 patients and Medicaid volume is reduced to 90 patients. The volume from managed-care plan #1 rises to 320 patients from 300. The volume from managed-care plan #2 increases to 110 patients. Thus, total volume is unchanged at 1,000 visits. What is the new price necessary assuming all other factors are unchanged?

Question # 11 (10 points)

Start with the original…

Attachments:

FinAdmFinal-E….doc

Explore through an economic lens the recent developments of the economic…

Managerial EconomicsIntroduction: The objective of this case is to give you the occasion to explore through an economic lens the recent developments of the economic evaluation of air alliances that are simultaneously – and sometimes even jointly – conducted by the U.S. Department of Transportation and the European Commission. Air alliances can take many forms, from lounge access to code-share agreements or even to Joint-Ventures or Cost-and-Revenue sharing agreements: that is they may go from a low degree of integration to a merger-like integration. According to Competition Laws enforced in all developed economies and in most emerging countries, agreements between firms supposed to compete are forbidden, unless they come with sufficient technological or economic progress while allowing consumers to benefit from a large share of it. In the EU, Article 101(3) of the Treaty of the Functioning of the European Union (TFEU) has been applied to Air Alliances to grant them immunity to antitrust prosecutions. In the U.S., the Secretary of Transportation is in charge of giving the antitrust clearance to the alliances between Airline companies. After having given these alliances antitrust immunity, the regulating agencies of both jurisdictions have started to investigate their economic effects, in particular on consumers’ surplus. The reports in reference in the bibliography illustrate this new concern of the regulators. Evolution of Air Alliances: The following table, drawn from the report [1] in the bibliography and from our own compilations from various sources (Wikipedia, websites of the companies, … ) details their composition and evolution (companies joining a network are in black, companies leaving in

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Alliances over the Atlantic: New Regulations are in the Air! Deadline to hand-in work: Sunday May 1, 2011 (Noon) Introduction: The objective of this case is to give you the occasion to explore through an economic lens the recent developments of the economic evaluation of air alliances that are simultaneously – and sometimes even jointly – conducted by the U.S. Department of Transportation and the European Commission. Air alliances can take many forms, from lounge access to code-share agreements or even to Joint-Ventures or Cost-and-Revenue sharing agreements: that is they may go from a low degree of integration to a merger-like integration. According to Competition Laws enforced in all developed economies and in most emerging countries, agreements between firms supposed to compete are forbidden, unless they come with sufficient technological or economic progress while allowing consumers to benefit from a large share of it. In the EU, Article 101(3) of the Treaty of the Functioning of the European Union (TFEU) has been applied to Air Alliances to grant them immunity to antitrust prosecutions. In the U.S., the Secretary of Transportation is in charge of giving the antitrust clearance to the alliances between Airline companies. After having given these alliances antitrust immunity, the regulating agencies of both jurisdictions have started to investigate their economic effects, in particular on consumers’ surplus. The reports in reference in the bibliography illustrate this new concern of the regulators. Evolution of Air Alliances: The following table, drawn from the report [1] in the bibliography and from our own compilations from various sources (Wikipedia, websites of the companies, … ) details their composition and evolution (companies joining a network are in black, companies leaving in red).
Bibliography: 1. “Transatlantic Airline Alliances: Competitive Issues and Regulatory Approaches”, a report by the European Commission and the United States Department of…

Attachments:

Alliances-ove….pdf

Given only the information provided above, what is the maximum amt of profit the firm can…

The agent is risk-averse and the agent’s output is an increasing, non-stochastic function of the agent’s effort level. b. The agent is risk-neutral and output is an increasing, stochastic function of the agent’s effort. c. The agent is risk-averse and output is a stochastic function of the agent’s effort in which the lowest possible output level is finite, strictly increasing in the agent’s effort level, and has a strictly positive probability of occurring. 2. Optimal Pay Schedule Assume a worker (W) can produce output (X) for an employer by increasing his effort (E) according to the following equation: X = (1.5)E. Assume that the compensation paid by the employer (Y) increases the utility of the worker, while the amount of effort decreases his utility as such: U(E,Y) = Y – (E2)/2. Assume that price of output is 1 and that labor costs are the only costs of production, such that total profit, p, equals p = Y – X. Assume that the next-best option for the worker provides them a utility of zero. (a) Given only the information provided above, what is the maximum amt of profit the firm can earn? (b) If the employer did not want to stipulate the output (and cannot verify the effort level), then, using a pay-schedule, what level of base-pay will render the same level of profit (as in (a)) when the piece-rate pay is 1? (c) Assume that the worker’s risk-aversion level is measured by R = 2. Also, assume that output is stochastic, such that the expected output from a given level of effort is E[X] = (1.5)E – E[Z], where the average value of Z is E[Z] = 0 and its variance is Var[Z] = 2. What is the loss of profits for the employer if they choose a new optimal B, while keeping the piece-rate pay at 1? (d) Can a different piece-rate pay be chosen by the employer such that their profits are maximized under the conditions of question (c)? If so, what is this optimal level of P? 3. Bowles Labor Extraction Model Use the table below to answer the following questions. Labor Economics Problem Set 4 Spring 2011 (a) Derive the Unit Labor Costs (ULC) from the wage-output schedule below. Weekly wage Z ULC 0 0 100 0 150 10 250 19 350 27 400 34 450 40 500 45 550 49 600 52 650 54 700 55 (b) What is the fall-back wage, w, according to this schedule? (c) What is the weekly unemployment insurance benefit per week using Equation 12.3 on page 298 of Bowles, et al(2005)? (d) What is the optimal weekly wage that the employer will use to induce an optimal amount of output (or effort) from the worker? 4. Surplus Extraction (a) Assume a competitive labor market. Draw the demand of labor curve for an individual firm. Assume that the firm faces a labor supply curve that is neither perfectly inelastic nor perfectly elastic. If the firm has the ability to command more effort and output from workers once they are hired, then what is occurring to the labor demand curve? Demonstrate your answer with the help of a graph.

Attachments:

ProblemSet4.W….pdf

Though there are many Pros and Cons to the new Electronic Medical Records system…

Though there are many Pros and Cons to the new Electronic Medical Records system, they can and will transform the Health Care system as we know it. Topic Outline: With President Obama in office and his new healthcare policies in effect the remaining medical offices that use old fashioned paper medical records will be required to switch over to the required EMR (Electronic Medical Records) system. Though it is said that the EMR system is a better system than the current paper system for medical establishments’, some establishments’ are still leery about switching over. President Obama’s team has offered medical establishments a ‘bonus’ (stimulus money) for switching over to the Electronic Medical Records system before the set deadline. The current deadline to switch over is no later than 2013. The Obama team is offering, currently, a maximum of $44,000.00 in federal funds from this stimulus money for those that are willing to adopt the Electronic Medical Records system. Though this requirement looks good on paper the EMR system is supposed to reduce paperwork and increase the efficiency of medical establishments, it is just not that simple!

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(ENGL107-1102A): Week (2) – Assignment: (Unit 2 Individual Project)
06 May 2011
Margaret Nixon
English Comp; I. Chao
American InterContiental University Online
Thesis Statement:
Though there are many Pros and Cons to the new Electronic Medical Records system, they can and will transform the Health Care system as we know it.
Topic Outline:
With President Obama in office and his new healthcare policies in effect the remaining medical offices that use old fashioned paper medical records will be required to switch over to the required EMR (Electronic Medical Records) system. Though it is said that the EMR system is a better system than the current paper system for medical establishments’, some establishments’ are still leery about switching over.
President Obama’s team has offered medical establishments a ‘bonus’ (stimulus money) for switching over to the Electronic Medical Records system before the set deadline. The current deadline to switch over is no later than 2013. The Obama team is offering, currently, a maximum of $44,000.00 in federal funds from this stimulus money for those that are willing to adopt the Electronic Medical Records system. Though this requirement looks good on paper the EMR system is supposed to reduce paperwork and increase the efficiency of medical establishments, it is just not that simple!
There are yet to be any demonstrations that the EMR actually improves the patient outcome using the electronic medical records system. Furthermore, without a set of standards for use with the EMR system, the cost of digital records are quite costly to put into place, not to mention the cost of training an entire staff. With that said, it does not mean that the EMR system should not be put into play. EMRs by themselves are neither good nor bad; they are just merely a product of our time and technology.
Like any other technology, EMRs too depend on how they are used. EMRs work best for things such as; X-rays, consultations, and making…

Attachments:

essay-engl-ip….docxNixon-ENGL107….docx

Assume there are four people in a city. Person A owns one parking lot worth…

Assume there are four people in a city. Person A owns one parking lot worth $1,000, person B owns two parking lots worth $2,000, person C owns a small garden worth $12,000 and person D owns a cottage worth $35,000. They want to finance a public children’s zoo, a local public good. The zoo will cost $10,000 and should be financed by a property tax with equal tax rates per property value. Calculate the tax rate (in %) for the following cases a. all four people live in the city b. there is a city of four A-like people c. there is a city of four B-like people d. there is a city of four C-like people e. there is a city of four D-like people f. there is a city of only one A, one B and one C (D has left)

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Urban Economics Problem Set #6 due Tuesday, May 3, in class (1) Assume there are four people in a city. Person A owns one parking lot worth $1,000, person B owns two parking lots worth $2,000, person C owns a small garden worth $12,000 and person D owns a cottage worth $35,000. They want to finance a public children’s zoo, a local public good. The zoo will cost $10,000 and should be financed by a property tax with equal tax rates per property value. Calculate the tax rate (in %) for the following cases a. all four people live in the city b. there is a city of four A-like people c. there is a city of four B-like people d. there is a city of four C-like people e. there is a city of four D-like people f. there is a city of only one A, one B and one C (D has left) (2) This is Ch. 8 #4 in your textbook: Consider a city of 200 people (100 tall and 100 short) and two neighborhoods (100 people in each). People generally prefer to live with short people. To draw the rent-premium curves, put the number of short people in neighborhood A (from 50 to 100) on the horizontal axis. The premium curve of tall people is concave from below (i.e., gets flatter as you move to the right), and in a neighborhood of 100 short people, the premium is $30. The premium curve for short people is linear, and in a neighborhood of 100 short people, the premium is $50. The two premium curves intersect at S=70 and premium = $20. a. Draw the tow premium curves b. Is integration (i.e., 50 short, 50 tall) a stable equilibrium? c. Is a mixed neighborhood a stable equilibrium? d. Is segregation a stable neighborhood? Explain. (3) This is Ch. 8 #10a in your textbook: Consider the following statement from the book’s discussion of the spatial mismatch: “One reason for the relatively low employment rate (for blacks) is that the average commute time of blacks was 26 minutes, compared to 19 minutes for whites.” Use a supply-demand graph for the urban labor market to show the economic logic of this statement. The…

Attachments:

ps6.pdfShoup-2006.pdf

1.Write an essay explaining that the quantities of goods and services that we can produce are…

BACHELOR OF COMMERCE YEAR 1 -ACADEMIC CALENDAR 9.6.4 ECONOMICS 1: ASSIGNMENT 1 DUE DATE FOR SUBMISSION: 1JUNE 2011 QUESTION 1 Define each of the following terms: [20] 1.1 1.2 1.3 1.4 Opportunity Cost Disequilibrium Comparative Advantage Producer Surplus (5) (5) (5) (5) QUESTION 2 [40] 2.1 Write an essay explaining that the quantities of goods and services that we can produce are limited by both our available resources and by technology. Assume we want to increase production of one good. illustrate the limit to what we can produce.

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BACHELOR OF COMMERCE YEAR 1 -ACADEMIC CALENDAR 9.6.4 ECONOMICS 1: ASSIGNMENT 1 DUE DATE FOR SUBMISSION: 1JUNE 2011 QUESTION 1 Define each of the following terms: [20] 1.1 1.2 1.3 1.4 Opportunity Cost Disequilibrium Comparative Advantage Producer Surplus (5) (5) (5) (5) QUESTION 2 [40] 2.1 Write an essay explaining that the quantities of goods and services that we can produce are limited by both our available resources and by technology. Assume we want to increase production of one good. illustrate the limit to what we can produce. A diagram will enhance your answer (Your explanation should include preferences and marginal benefit) (20) 2.2 A government tax on luxury goods changes the equilibrium price and quantity of those goods. Discuss the implications for consumer surpfus. producer surplus and welfare. Use relevant diagrams to support your answer. (20) QUESTION 3 [40] 3.1 How would Total Revenue change if there was a price increase on the elastic part of the demand curve? (10) 3.2 Using a diagram discuss how a perfectly competitive firm maximises benefit to society as a whole. (10) 3.3 3.4 There are several obstacles to efficiency that can exist. Describe these with the use of examples. “It is noted that there exists a diminishing product of labour”. Explain the above statement. REGENT BUSINESS SCHOOL -JANUARY 2011 (10) (10) 32

Attachments:

BCom-Economic….pdf

1. A food stamp is a voucher that can be used only to purchase food… 1 answer below »

1. A food stamp is a voucher that can be used only to purchase food. Suppose that the government provides the poor with food stamps worth 40 units of food, and that the market value of one unit of food is €3. (a) Suppose that a poor individual has an income of €900. Normalize the price of “all other goods” to €1. Draw the poor individual’s budget constraint before and after receiving the food stamps. (b) Can we conclude that an individual would be worse off if provided with a cash grant of €100 instead of the food stamps? Explain with a graph. (c) Explain why governments may provide transfers-in-kind rather than give cash transfers. 2. Suppose there are only two people in society, Claire and Jimmy, who must split a fixed income of €200. For Claire, the marginal utility of income is MUC = 1000 – 4YC . For Jimmy, the marginal utility of income is MUJ = 800 – 6YJ , where YC , YJ are the amounts of income to Claire and Jimmy. (a) What is the optimal distribution of income if the social welfare function is additive and non-weighted? (b) What is the optimal distribution of income if the marginal utility of income is constant for both Claire and Jimmy: MUC = 1000 and MUJ = 800? Comment on your answer. (c) What is the optimal distribution of income if their utility functions are the same? Comment on your answer. 3. Suppose that when Megan has an income of YM , her utility is UM = p YM . Suppose also that when Sam has an income of YS , his utility is US = p YS + 0.8UM . (a) Define Pareto efficient redistribution, and explain why it is relevant here. (b) Suppose that initially Megan and Sam each have incomes of €100. Assuming Utilitarian social welfare function (additive and non-weighted), what happens to social welfare if €25 is taken from Sam and given to Megan? (c) Repeat (b), but with a redistribution of 25 from Megan to Sam. (d) Explain how you would determine the income distribution that maximizes the Utilitarian social welfare function. 4. Suppose that the government imposes an income tax on its citizens according to the following tax schedule: Ti = a + tYi , where Ti is the tax payment of an individual with income Yi for the given parameters a, t. 1 of 2 Homework 3 Economics 376, AUP (a) Write down a formula for the average tax rate of individual i as a function of i’s income. (b) Using your formula, explain the difference between a progressive and regressive income tax system. (c) Prove that the tax system is progressive if a is negative, and regressive if a is positive. 5. Assume that supply and demand are given by the equations: Q s = 5P and Q d = 36 – 10P A $0.60 per unit tax imposed on sellers in this market alters the supply equation to: Q s = 5P + 3 (a) Sketch a graph showing values for equilibrium price and quantity before the tax. (b) Show the effect of the tax on the price paid by consumers, the price retained by sellers, and the quantity bought and sold. Show all of these values in your graph. (c) How much tax revenue does the government collect? (d) What percentage of the tax is borne by consumers? 6. Suppose that the inverse demand curve for a commodity is p(Q d ) = a – bQd and the inverse supply curve for a commodity is p(Q s ) = c + dQs . (a) Find the equilibrium price and quantity when an ad valorem tax rate of t is imposed on the buyers of the commodity. (b) Under what conditions on the parameters will the entire incidence fall upon suppliers of the commodities? Explain your answer.

Attachments:

PubFinHW3.pdf

contractionary gap 1 answer below »

An economy with a contractionary gap experiences
A. Cyclical unemployment and lower than expected inflation
B. Lower than natural rate of unemployment and lower than expected inflation
C. Cyclical unemployment and higher than expected inflation
D. Lower than natural rate of unemployment and higher than expected inflation

Cost-effectiveness of a stepped care intervention to prevent depression…

Assignment Question The final assignment consists of a case study in which you are expected to demonstrate critical understanding of all the aspects of economic evaluation design and application covered in all the topics in this course unit. You may select ONE of the two economic evaluations listed on the discussion board. The structure of your assignment 1. Present a summary of why the economic evaluation is needed. [10%] 2. Apply the NHS EED (nhs economic evaluation database)guidelines to the published economic evaluation. [70%] 3. Make recommendations for future research required to allow this research to be implemented in practice. [20%] 4. References: any supporting statements should be appropriately referenced You will be expected to demonstrate both factual knowledge and skills related to assessment of economic evaluation. You should be able to justify any comment that you make. You do not need to use the same structure and headings as the NHS EED handbook. Remember that the guidelines are just that, guidance on how to critically appraise and summarise a published paper. The NHS EED guidelines help you to ensure you consider the key aspects of a study to appraise and discuss. You do not need to use the table format, or all the headings in the guidelines. But, you do need to make sure that it is clear that all aspects have been covered. Please remember, that it is just as important to report what data or information is missing, as it is to appraise the data presented. If you do use the table format, then please remember that it will be included in the word count. Only numerical tables will be excluded (that is, tables summarising numbers). Tables of text will be included. Total 3000 words

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Access the most recent version at doi:10.1192/bjp.bp.109.069617 The British Journal of Psychiatry 2010 196: 319-325 Aartjan Beekman and Harm van Marwijk Petronella van’t Veer-Tazelaar, Filip Smit, Hein van Hout, Patricia van Oppen, Henriette van der Horst, depression and anxiety in late life: randomised trial Cost-effectiveness of a stepped care intervention to prevent References http://bjp.rcpsych.org/cgi/content/full/196/4/319#otherarticles Article cited in: http://bjp.rcpsych.org/cgi/content/full/196/4/319#References This article cites 14 articles, 5 of which can be accessed free at: permissions Reprints/write to permissions@rcpsych.ac.uk To obtain reprints or permission to reproduce material from this paper, please to this article at You can respond http://bjp.rcpsych.org/cgi/eletter-submit/196/4/319 service Email alerting the top right corner of the article or click here Receive free email alerts when new articles cite this article -sign up in the box at from Downloaded Published by The Royal College of Psychiatrists bjp.rcpsych.org on May 8, 2011 http://bjp.rcpsych.org/subscriptions/To subscribe to The British Journal of Psychiatry go to:
Preventing depression and anxiety in later life is important from both a public health and an economic point of view.1–3 The type of trial described in this paper (comparing stepped care with usual care) differs from conventional stepped care projects (which aim at cost reduction), since the stepped care model is expected to be more expensive even though it is designed to deliver the ‘extra’ services as efficiently as possible. In an earlier study it was demonstrated that the intervention was successful in reducing the incidence of anxiety and depression by 50%.4 However, the substantial involvement of nursing staff makes the cost-effectiveness of such an intervention debatable. Method Participants and procedures The cost-effectiveness analysis was conducted alongside a randomised prevention trial in The Netherlands,…

Attachments:

final-assignm….pdf

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