HS440-4: Evaluate cost accounting and management under rate control and competition

HS440-4: Evaluate cost accounting and management under rate control and competition.

Instructions:

1. Given revenue/volume graphs for a medical practice using a Fee-for-Service reimbursement model and a practice using a capitation reimbursement model, identify the following items on each graph:
   • Fee-for-Service expense line
   • Fee-for-Service revenue line
   • Fee-for-Service breakeven point
   • Fee-for-Service profit wedge
   • Fee-for-Service loss wedge
   • Capitated revenue line
   • Capitated expense line
   • Capitated profit wedge
   • Capitated loss wedge
   • Capitated breakeven point

1. Explain what is meant by a revenue line and expense line in a Fee-for-Service environment and give examples of each.
2. Explain the meaning of a breakeven point, profit wedge, and loss wedge in the Fee-for-Service graph.
3. Explain what is meant by a revenue line and expense line in a capitated reimbursement environment and give examples of each.
4. Explain the meaning of a breakeven point, profit wedge, and loss wedge in the capitated reimbursement graph.

Details: 

Use Word to organize your answers. Your answers should include a list of items A-J followed by the name associated with each letter of the alphabet.

Example (these are not accurate answers):

1. Fee-for-Service profit wedge
2. Capitated breakeven point

For questions 2-5, us a narrative style to write your answers in your Word document.

Name your file LastName_FirstName_Module4_Assignment

Minimum Submission Requirements

• Proper notification of any resubmission, repurposing, or reworking of prior work per the Purdue Global Student Coursework Resubmission, Repurposing, and Reworking Policy Resource.
• This assessment should be a Microsoft Word.
• This assessment should use a capitation reimbursement model that identifes the following:
  • Fee-for-Service expense line
  • Fee-for-Service revenue line
  • Fee-for-Service breakeven point
  • Fee-for-Service profit wedge
  • Fee-for-Service loss wedge
  • Capitated revenue line
  • Capitated expense line
  • Capitated profit wedge
  • Capitated loss wedge
  • Capitated breakeven point
• The assessment explains what is meant by a revenue line and expense line in a Fee-for-Service environment and give examples of each.
• The assessment explains the meaning of a breakeven point, profit wedge, and loss wedge in the Fee-for-Service graph.
• The assessment explains what is meant by a revenue line and expense line in a capitated reimbursement environment and give examples of each.
• The assessment explainsthe meaning of a breakeven point, profit wedge, and loss wedge in the capitated reimbursement graph.
• Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your submission should be highly organized, logical, and focused.
• Your submission should provide a clearly established and sustained viewpoint and purpose.
• Your writing should be well ordered, logical, and unified, as well as original and insightful.
• Your submission must be written in Standard English and demonstrate exceptional content, organization, style, and grammar and mechanics.