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COHE 6310 Health Care Accounting And Financial Administration

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Questions:

1.Calculate the total projected loss by assuming the charge per patient equals the cost per patient. (10 points)  What is the total projected loss?
 
2.Submit the spreadsheet used to perform the calculations for Question 1.  Note:  The spreadsheet must have embedded formulas used to perform the calculations. Submit this worksheet. 1
 
3.Calculate the charge necessary to recover Omega’s cost and achieve a net income of $500,000 (profit = $500,000).
 
4.Use Excel to check the answer to Question 3 by calculating the profit/loss using the new charge from Question 3.  Note:  The spreadsheet must have embedded formulas used to perform the calculations. Submit this worksheet. 1 For the above referenced problem, assume that those payers that pay charges, or a portion thereof, limit Omega’s charges to $1,500 per patient.  What is the cost per person that will result a net income of $500,000?
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