This website uses cookies to ensure you have the best experience. Learn more

Bryant/Smith Case 42: Hopsital Charges Essay

5048 words - 21 pages

Bryant/Smith Case 42: Hopsital Charges
GM 533
Keller Graduate School of Management
Date: 02/14/2010

EXECUTIVE SUMMARY  
The research is done to find the solutions for some of questions like; the relationship between the doctors and their charges, the type of insurance having its effects on its customers and if there is any relationship between charges, payor and physicians. The data that is used in this research analysis to find the proper equation model for the relationship between payor, physicians and charges and number of days stay at the hospital, is from the Bryant/Smith Case 42 Hospital Charges (Appendix 1). As described in the case, the hospital’s revenues are determined ...view middle of the document...

INTRODUCTION
The purpose of this report is to prepare a data model based on some of the questions like; whether the patient is charged more based on the insurance, or whether the physicians have different charges for their patients, and/or if the charges (CHRGS) are related to days (DAYS), physicians (PHYS) and/or payor (PAYOR).
The data that is used to prepare the report contains four variables; hospital stay in DAYS, charges that are charged to the patients in CHRGS, type of the physician treated the patient in PHYNS and the type of insurance the patient is carrying in PAYOR. The data was given in the Bryant/Smith case 42: Hospital Charges.
ANALYSIS AND METHODOLOGY
I am doing Descriptive Statistics, Hypothesis Testing, Confidence Interval and Regression analysis; Linear and multiple.
Descriptive statistics
As mentioned in the text, descriptive statistics is a science of describing the important aspects of a set of measurements (Bowerman). The measures of central tendency measures mean, median and mode. The measures of variation measures range, standard deviation and variance. The mean is sum of numbers divided by the total numbers. As explained in encyclopedia2 of the free dictionary website, the arithmetic mean is found by adding the numbers and dividing the sum by the number of numbers in the list (Farflex, Inc). This is what is most often meant by an average. The median is the middle value in a list ordered from smallest to largest (Farflex, Inc). The mode is the most frequently occurring value on the list (Farflex, Inc).
The hospital doctors are not the employees of the hospital, but they have control over certain functions such as prescribing medicines to the patients and also prescribing them the stay at the hospital for further advanced treatments (Bryant-Smith, 2003).
I’ll start my research analysis with the comparison of two insurances; managed care insurance and commercial insurance. The question being asked in the case study is,” Do charges incurred by a patient depend on the type of insurance the patient has?” [ (Bryant-Smith, 2003) ] In respect to answer the above question I have started my research with running some descriptive statistics. Here, in this research analysis, I have separated the DAYS and CHRGS by the insurance. That means the patients who carry managed care insurance and those who carry commercial insurance. Patients who carry commercial insurance are only 96 and patients who carry managed care insurance are 193. The total number of patient data that are studied here is 289.
Comparison between Managed Care Insurance and Commercial Insurance
Let’s just look into the managed Care Insurance. The mean of $2714.28, is the average charge of one day stay at the hospital when the patient has managed care insurance. This means that, those patients who have managed care insurance, pay average of $2714.28 per day. Similarly, the mean of 2.02 days means that the average stay of the patient at the hospital...

Other Papers Like Bryant/Smith Case 42: Hopsital Charges

Healthsouth - the Scrushy Way Essay

1060 words - 5 pages chief financial officer, Weston Smith, pled guilty to charges including falsifying the certification of financial records, securities fraud, and conspiracy to commit securities and wire fraud (Healthcare Financial Management, 2003, p. 25). In separate criminal charges, five former chief executives and 10 other company officials at HealthSouth’s pled guilty of fraud (Pitroski & Fong, 2003). The 15 financial executives were involved in meeting

Salem/European Witch Trials Compared to the Mccarthy Hearings

1749 words - 7 pages spectral evidence not permitted, the remaining trials ended in acquittals and all the convicted and accused witches were let out of jail in May of 1693. By the time the whole witchcraft incident ended, nineteen convicted witches were hanged, at least four accused witches had died in prison, and one man, Giles Corey, had been pressed to death under rocks. About one to two hundred other people were arrested and imprisoned on witchcraft charges. The

Sample Letters

828 words - 4 pages I wanted to explain the report to you. I have obtained a copy of my official criminal history from the Georgia Crime Information Center (GCIC), and I am willing to provide you with a copy. I was arrested in 2000 for two misdemeanor charges. The charges were Giving False Name and Willful Obstruction. Both charges were nolle prossed, which means that the charges were dismissed. I am in the process of having this charge expunged (restricted) from

Tort Crimes Assignment

2276 words - 10 pages TORT/CRIMES ASSIGNMENT MGMT 310 INSTRUCTIONS: Your assignment is to determine and analyze the claims and defenses for each party in the below referenced case problem and hypothetical lawsuit. IRAC/Analyze the following series of events using the information and laws contained in Chapters 5, 6, 7 and 8. Be sure to state the Name of the Rule of Law and EACH of the elements of any stated allegations/charges (i.e. strict liability

Prosectuion Vs Defense

572 words - 3 pages Prosecution versus Defense William J Brenengen CJS/220 Feb 10, 2012 Harvey Smith Prosecution versus Defense One would hope the time to retain an attorney will never come. Life has a way of throwing things at us, and it’s up to us to be prepared. If the time should happen to come, it helps to know a little about the prosecutor and the defense attorney. A defense attorney is the person who will provide legal representation if you are

Relationship Maintenance And Facebook

2181 words - 9 pages with college students as the subjects. The principle in using a pilot study test allowed for replicating the measure of other researchers (Neuman, 2006). In this case, some questions were duplicated verbatim from Steinfield and Lampe (2009), Pennington (2009), and Bryant and Marmo (2009), while other questions in their studies were revised making them open ended and more appropriate for the surveyed participants. The studies conducted by

The Meaning of Development

4437 words - 18 pages “capabilities” approach to measuring development goals, see Chapter 1 of Todaro and Smith). Thus, development is not necessarily the same as growth, although in poor countries growth is generally a precondition for meeting important development goals, such as poverty reduction. But if growth is a necessary condition for development in poor countries, it is not a sufficient condition. This case study comparing Brazil and Costa Rica brings out some of

Social Responsibility

916 words - 4 pages Alcoa to pay $384 million to settle Bahrain bribery charges Thursday, 9 Jan 2014 | 12:42 PM ETReuter Alcoa and a joint venture it controls will pay $384 million to settle civil and criminal charges that the aluminum producer's subsidiaries bribed officials in Bahrain, U.S. authorities said on Thursday. The U.S. Securities and Exchange Commission and the U.S. Department of Justice announced separate settlements on Thursday morning

Poopology

2282 words - 10 pages , New York. On November 27, 2000, Blaine began a stunt called "Frozen in Time", which was covered on a TV special. Blaine stood encased in a massive block of ice located in Times Square, New York City. He was lightly dressed and seen to be shivering even before the blocks of ice were sealed around him. A tube supplied him with air and water while his urine was removed with another tube. He was encased in the box of ice for 63 hours, 42 minutes and

Napoleon, the Enlightened Despot

3389 words - 14 pages Pg.81 (42) Ellis, Geoffrey. Napoleon, Profiles in Power. London: Pearson Education Limited, 1997 Pg.89 (43) Smith, Dr. Hal, Lecture Notes, 2010. Wk 10 (44) Ellis, Geoffrey. Napoleon, Profiles in Power. London: Pearson Education Limited, 1997 Pg.76 (45) Ellis, Geoffrey. Napoleon, Profiles in Power. London: Pearson Education Limited, 1997 Pg.76 (46) Smith, Dr. Hal, Lecture Notes, 2010. Wk 10 (47) Ellis, Geoffrey. Napoleon, Profiles in

What Is the Healthcare Prospect for Indigent Population in Florida?

1769 words - 8 pages federal funding. If states do not use the full amount of the funds, SCHIP will redistribute the money to states that need higher amounts. States are allowed to use up to 10 percent of the annual allotments on outreach, administration and other activities (Commonwealthfund.org, 2015). SCHIP offers grants under the Children’s Health Insurance Program Reauthorization Act (CHIPRA). In 2009, CHIPRA presented $40 million in Federal grants to 42 states. In

Related Essays

Kobe Case Essay

851 words - 4 pages “Prosecution Drops Charges in Kobe Bryant Rape Case” Article Summary In the summer of 2003, Los Angeles Lakers superstar Kobe Bryant was arrested and accused by a then 19-year-old hotel employee, Katelyn Faber, of sexual assault. Faber accused Bryant of raping her in his hotel room the night he checked in the Lodge and Spa at Cordillera in Eagle County, Colorado. In contrast, Bryant admitted to committing adultery by having sexual contact

The Impact Of Emmett Till's Death

1983 words - 8 pages pushed Emmett Till’s body into the river only to be discovered three days later on August 31st (“Timeline”, n.d.). The day after the kidnapping and murder, J.W. Milam and Roy Bryant were arrested and held without bond on charges of kidnapping (“Emmett Till”, 2014). While the men were in prison the body of Emmett was recovered and only identifiable because of his father’s ring he was still wearing with the engraving of L.T. (“Timeline”, n.d.). On

Celebrity Justice Essay

1483 words - 6 pages on the streets, behind the wheel, on the road where law-abiding citizens drive” and accurately notes that their behavior could result in serious injury or even death (Judiciary Report). It could be added that little publicity accompanies poor minority men arrested for similar charges. Writing in the Journal of Moral Philosophy, Geoffrey Scarre (2006) notes that “courts of criminal jurisdiction commonly allow for mitigating circumstances when 3

Human Resource Essay

553 words - 3 pages Running head: EMC Confronts Harassment Charges EMC Confronts Harassment Charges Tobie Deslo Kaplan University AB203: Human Resources Management Prof. Jennifer Bryant October 26, 2012 EMC Confronts Harassment Charges Introduction According to a lawsuit that files by two women of EMC allege sexual comments, company-paid trips and the failure to promote women for the same experience on the same basis as male employees where