Data for Newark General Hospital Essay

Data for Newark General Hospital Essay

A. Calculate and interpret the net income variance. B. Calculate and interpret the Revenue difference. C. Compute and translate the Cost difference. D. Calculate and understand the volume and price variance on the revenue side. Electronic. Calculate and interpret the quantity and administration variances within the cost sides. 8. a couple of: 2007 income for the Wendover Group Practice Association for several different budgets, in thousands: | |Flexible |Flexible | | |Static Budget |(Enrollment/Utilization) |(Enrollment) |Actual Results | | |Budget |Budget | | |$425 |$200 |$180 |$300 | A. What does the budget info tell you about the size of Wendover’s sufferers: Are they capitated of fee-for-service? As per the finances data provided for Wandover’s patients are capitated that is why information is divided into two flexible finances, i. One particular for flexed for equally enrollment and utilization and, ii. One particular flexed just for enrollment.

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