Graduate Essay Writers
Only the finest writers are selected to be a part of our team, with each possessing specialized knowledge in specific subjects and a background in academic writing..
Order for this Paper or similar Assignment Help Service
Fill the order form in 3 easy steps - Less than 5 mins.
Posted: November 27th, 2022
Assessment #6: Case Study Of Physician Practice Management And Relative Value Unit Analysis
In this assessment, you will evaluate the physicians’ practice financial condition based on the following Relative Value Unit (RVU) calculations and analysis:
Average and Marginal Costs per RVU,
Total Average Cost,
Total Marginal Cost per CPT code, and
Analyzing the information to Help the physicians in using these costs appropriately and making informed decisions.
You will be graded based on your understanding of the calculations, the accuracy of your calculations, the validity of your conclusions and your ability to clearly communicate your analysis. To complete this assignment, follow these steps:
Review the article How Managerial Accountants Make Physician’s Practices More Profitable
From this financial information, calculate the three RVU calculations:
Average and Marginal Costs per RVU,
Total Average Cost, and
Total Marginal cost per CPT code.
In proper APA format, write a 3-5 page paper (include a cover and reference page not included in page count). For each RVU calculation, in a paragraph:
Calculate the costs,
Show your calculations, and
Write a conclusion about the physician practice’s financial condition and discuss how you can Help the physicians in using these costs in making informed decisions.
*Please use headings for each paragraph and category to decipher the discussion and organize the paragraphs.
Use the following assumptions:
Assume that during the FY2016 year, Lovely Life LLC historical costs were $750,000 when 11,000 RVUs were produced and $950,000 when 14,000 RVUs were produced. The contract specifies that the number of RVUs per service CPT code are five (5).
High Total Fixed Costs
$950,000
#RVUs high point
14,000
Low Total Fixed Costs
$750,000
#RVUs low point
11,000
#RVUs per CPT
5
Projected #RVUs for the coming month
10,000
========-
In this Assessment, you will examine the financial state of the physicians’ practice using the following Relative Value Unit (RVU) calculations and analysis:
Costs Per RVU, Average and Marginal
,
Average Total Cost,
Total Marginal Cost per CPT code, as well as
Analyzing the data to aid physicians in making effective use of these costs and making educated judgments.
Your knowledge of the computations, the correctness of your calculations, the validity of your findings, and your ability to properly articulate your analysis will all be graded. Follow these steps to finish this assignment:
Examine the article How Managerial Accountants Help Physician Practices Become More Profitable.
Calculate the three RVU calculations using this financial information:
Costs Per RVU, Average and Marginal
,
Total Average Cost, and
Total Marginal cost per CPT
Tags: 150-200 words discussion with a scholarly reference, 200-300 words response to classmate discussion question, 250 word analysis essay, bachelor of nursing assignments, case study, essay bishops websiteWhy Seek Our Custom Writing Services
Every Student Wants Quality and That’s What We Deliver
Affordable Prices
We balance affordability with exceptional writing standards by offering student-friendly prices that are competitive and reasonable compared to other writing services.
100% Plagiarism-Free
We write all our papers from scratch thus 0% similarity index. We scan every final draft before submitting it to a customer.
How it works
When you opt to place an order with Nursing StudyBay, here is what happens:
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.