Using the Gentiva Health Services Statement of Income athttp://investors.gentiva.com./financials.cfm use the following volumes for your calculation: (and please show the calculations) Flexible budget:...

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Using the Gentiva Health Services Statement of Income athttp://investors.gentiva.com./financials.cfm use the following volumes for your calculation: (and please show the calculations)
Flexible budget: 6,000 visits, Static budget: 5,945 visits, Actual budget: 5,889 visits
Prepare a two or three page report that answers the following 3 questions:
1. How many more visits will the company generate if it accepts Medicare patients?
2. What would be the estimated profit or loss associated with the Medicare service line?
3. Would you recommend that Gentiva Health Services increase its number of Medicare patients served? Why or why not?



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Description for WK5_A3HCF I would like a price for this assignment I need it by Tuesday, December 11, 2012, Source of Revenue: An Increase in the Medicare Patient Population The president of Gentiva Health Services is considering increasing her number of Medicare patients served next year. However, to do so she must begin to use RNs for client visits, which Medicare reimburses at $45 per visit. An RN costs $35 per hour versus the current cost of $15 for an LPN or nurse’s aide. The president believes she can increase her patient visits by 15 per cent by accepting Medicare patients. She is also aware that if she increases her Medicare patients, the company’s administrative costs will increase by approximately $10,000 per year because of the claims complexity. Using the Gentiva Health Services Statement of Income athttp://investors.gentiva.com./financials.cfm use the following volumes for your calculation: (and please show the calculations) Flexible budget: 6,000 visits, Static budget: 5,945 visits, Actual budget: 5,889 visits Prepare a two or three page report that answers the following 3 questions: 1. How many more visits will the company generate if it accepts Medicare patients? 2. What would be the estimated profit or loss associated with the Medicare service line? 3. Would you recommend that Gentiva Health Services increase its number of Medicare patients served? Why or why not? I need this assignment to show based on the budget statistics, how many more visits the company will generate if it accepts Medicare patients. And determined the estimated profit or loss associated with the Medicare service line. And defend your recommendation as to whether to increase the number of Medicare patients served, and cite sources using APA format in the text.



Answered Same DayDec 21, 2021

Answer To: Using the Gentiva Health Services Statement of Income athttp://investors.gentiva.com./financials.cfm...

Robert answered on Dec 21 2021
113 Votes
Description for WK5_A3HCF



Reimbursement from Medicare towards use of RN
s for client visit
per hour = 45
Cost of RN per hour = 35
Cost of LPN per hour = 15

Percentage increase in patient visits by accepting Medicare
patients = 15%
Per Visit Costs To Be incurred next year
Per visit Medicare reimbursement = 45
Cost of RN per hour = 15
Flexible Budget Visits = 6000
Static Budget Visits = 5945
Actual Budget Visits = 5889
(i) The number of more visitst the company will generate if it accepts Medicare Patients
Total Number of Budgeted Visits
Flexible Budget Visits =...
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