analyzing bay pines medical centers financial statement

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Analyzing Bay Pines Medical Centers Financial Statement.docx After gaining an understanding of the components of a financial statement, analyzing and applying what the components represent, in terms of future planning, are the most important aspects of working in healthcare finance. Consider the following data and make your best analysis of per member per month (PMPM) rates, considering reductions in utilization or pricing.Bay Pines Medical Center estimates that a capitated population of 50,000 would have the following base case utilization and total cost characteristics:Service CategoryInpatient Days per 1,000 EnrolleesAverage Cost per DayGeneral150$1,500Surgical125$1,800Psychiatric70$700Alcohol/Drug Abuse38$500Maternity42$1,500Total425$1,367In addition to medical costs, Bay Pines allocates 10 percent of the total premium for administration/reserves.Tasks:On the basis of your data analysis, respond to the following:What is the PMPM rate that Bay Pines must set to cover medical costs plus administrative expenses?What would be the rate if a utilization management program were to reduce utilization within each patient service category by 10 percent? And by 20 percent?Consider the initial base case utilization assumption. What rate would be set if the average cost on each service were reduced by 10 percent?Assume that both utilization and cost reductions were made. What would the premium be? Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount! Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you. The post analyzing bay pines medical centers financial statement appeared first on Custom Nursing Help.”Do you need a similar assignment done for you from scratch? We have qualified writers to help you with a guaranteed plagiarism-free A+ quality paper.