Table 31.1, Income Statement Revenue Expenses FY 2023 $1,162,350 1 2 Staff salaries & benefits $300,000 Physician salaries & benefits 540,000 Supplies 150,000 3 Equipment & facility expenses 60,000 Other expenses 30,000 $1,080,000 Profit $82,350 Patient visits 18,000 Table 31.2, Projected Patient Visits Year 12345 Projected Patient Visits 16,000 16,500 17,000 17,500 18,000 Table 31.3, Reimbursement and Payer Mix Reimbursement Medicare Managed Care Commercial Medicaid Existing Projected Reimbursement Payer Mix % Payer Mix % $52.50 50% 55% $73.50 35% 30% $105.00 10% 5% $42.00 5% 10% $68.25 100% 100% Table 31.4, Projected Practice Expenses Expenses Startup, Year 1 Year 2 Staff salaries & benefits $300,000 $300,000 Physician salaries & benefits 480,000 480,000 Supplies 133,333 137,500 Equipment & facility expenses 80,000 60,000 Other expenses 40,000 30,000 Total Expenses $1,033,333 $1,007,500

Projected revenue for year 20X1 is as follows: $823,155 in January, $685,546 in February, $454,050 in March, and $811,904 in April. Historical net revenues categorized by payer: Payer Revenue Percent Medicare 8,931,228 Medicaid 11,906,868 Blue Cross 10,159,306 Private 5,082,192 Total ? Collection patterns by payer: Payer Within 1 Month Within 2 Months Within 3 Months Within 4 Months Total Medicare 18% 26% 28% ? 100% Medicaid 6% 20% 49% ? 100% Blue Cross 11% 43% 26% ? 100% Private 59% 28% 6% ? 100% How much revenue do we expect to collect in total in March? (Do not round intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.)

Multiple statements. The following are account balances (in thousands) for Lima Health Plan. Prepare (a) a balance sheet and (b) an income statement for the year ended December 31, 20 X0. Givens (in '000s) Income tax benefit of operating loss $ 12,000 Net property and equipment Physician services expense $244,000 Premium revenue $225,000 Marketing expense $21,000 Compensation expense, $15,000 Interest income and other revenue, $9,000 Outside referral expense, $7,000 Medicare revenue, $160,000 Occupancy and depreciation expense $1,000 Medical claims payable, $57,000 Accounts receivable, $1,500 Emergency room expense, $24,000 Inpatient services expense $191, 000 Interest expense $1,000 Medicaid revenue $55,000 Stockholders' equity $71, 700 Cash and cash equivalents $127,000 Long-term debt $2,800 Other administrative expense $1,400

Projected revenue for year 20X1 is as follows: $845,622 in January, $517,629 in February, $528,674 in March, and $847,032 in April. Historical net revenues categorized by payer: Payer Medicare Medicaid Blue Cross Private Payer Revenue Percent Medicare 8,331,224 Medicaid 12,723,238 Blue Cross 10,763,087 Collection patterns by payer: Private Total Within 1 Month 21% 9% 5% 54% 5,527,687 Within 2 Months 33% 17% 40% 30% ? Within 3 Months 35% 48% 36% 5% Within 4 Months Total ? 100% ? 100% ? 100% ? 100% How much revenue do we expect to collect in total in March? (Do