This is the only thing my teacher gave us and I copy it Medicare reimburses your

ID: 2781006 • Letter: T

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This is the only thing my teacher gave us and I copy it

Medicare reimburses your practice $79.13 for HCPCS 99214, Office Visit, Established Patient (for contrast 99204, New Patient is reimbursed at $166.13). You, the physician, want to know how much money you make on these patients. Calculate the cost for 99214 given the information below, how much do you make for your efforts, assume you devote 20 minutes per patient. Assume you see three patients per hour, work five days per week, and 48 weeks per year, what is your expected total income?

Standard Cost Profile for Nursing

(V+F)*P

Cost Category Variable Fixed Input Price Avg Total Cost

Salary (nurse) - 0.5 $32.00 ____16___

Health Insurance - 0.5 $2.50 __1.25___

SSI (7.65% of salary) - - - ____________

Retirement (4% of salary) - - - ____________

Unemployment Ins (0.5% of salary) - - - ____________

Average total cost per visit ____________

Explanation / Answer

Hello, This question is incomplete as you need below figures to calculate :

1) Is the salary of nurse daily/weekly or monthly or hourly

2) How many hours a day nurse works to calculate total hours work per week?

3) Salary structure looks incomplete - it shows total salary is $17.25

However, I am assuming above as salary to be hourly & work 8 hours per day.

Hourly salary = $17.25 & 17.25/3 = 20 mins salary = $5.75 = per patient cost & rest is profit.

Kindly provide clear information to get the best answer thanks

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This is the original books.sql DROP DATABASE IF EXISTS books; CREATE DATABASE bo

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This is the only thing my teacher gave us and I copy it Medicare reimburses your

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