Expenses
Revenue
Labor
100

Our goal is for bad debt expense to make up no more than this % of revenue

Bonus - this is how you calculate bad debt % of revenue

What is 2.5%

Bonus - total bad debt divided by total revenue

100

These adjustments can affect your revenue for different payers

What are prior period adjustments

100

This should be one of your first meetings of the day

What is Labor or Staffing Meeting

200

This makes up the largest portion of expenses in your Center

What is Labor

200

This is the average daily reimbursement for each of the following: Medicare, Managed Care, Medicaid

What is $650, $450, $300

200

True or False

Agency staff should be utilized to cover vacations and call outs

False


300

Our pod is projected to spend approximately this amount on non-nursing overtime in 2024

What is over $300,000

300

This is the Med B goal ppd

What is $12 ppd

300

These positions are included in your direct care hppd

What are nursing assistants, floor nurses, IP, Skin/Wound Nurse

400

This is a best practice for reviewing AR accounts

What are RCM meetings

400

This is when a managed care company separates certain medications or services from the overall contract

What is a carve out

400

These are some items that make up incremental hours, leading to overtime

What are missed meal breaks and late ins/outs

500

This is the amount of an item that can be capitalized 

What is $3000 or greater

500

This is what EBITDARM stands for

What is earnings before interest, taxes, depreciation, amortization, rent & management fees

500

These reports should be brought to daily labor meeting

What are daily hppd report, missed punches,