Suppose a hosptial is thinking about entering a captiated, Ask an Expert

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Suppose a hosptial is thinking about entering a captiated contract with a large insurer for inpatient services. Here are the relevant data estimates to answer the question. These data are for the netire year.

Expected Number of Members on Plan: 30,000

Inpatient Utilization (days) per 1,000 Members: 280

Average Cost Per Day: $1,100

a) Given the information above, how much would this hospital need to charge the plan in order to break even? State your amount in per member per month (PMPM) form.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92096777

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