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  2. Board Of Aldermen - Agenda - 6/23/2020 - P12

Board Of Aldermen - Agenda - 6/23/2020 - P12

By dnadmin on Sun, 11/06/2022 - 23:09
Document Date
Fri, 06/19/2020 - 15:03
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 06/23/2020 - 00:00
Page Number
12
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__062320…

Exhibit 2

ei Make Up.-Claims
COVID-19 Claims:

_ . vn fe — | Sav actual Claims:

7 Faecal ened anand bauer tH ecg i a

sub 2e Auge20 Sep-20 Oct-20 Nav-20" Dec-20 - Jon-21Feb-2i--Mor2i Apr-21 May-21 fun-21 Jubzt

Nates:

i. Actual claims are those claims we expected to see prior to the outbreak of COVID-19 claims. Claims decrease belaw the average monthly expected amount due to the short term elimination of non-essential
services. We are currently projecting @ 25% reduction in normal claims activity.

2, COVID-19 claims are those claims we expect to see due ta the COVID-19 pandemic and include both testing and treatment. This model assumes an infection rate of 0.37% based on current city-wide data. Since
CON hos a large population of first responders, this estimate may be lower then actual, We are estimating the cost per patient at $20,000.

3. Moke up claims are those non-essential services that are rescheduled for the future. This model assumes 80% of the deferred services will be rescheduled.

4, Prior to COVID-19, expected claims for the second half of Fiscal Year 2020 were $18,933,102. With the impact of COVID-19, we expect claims to be $16,413,059. This represents an 13.3% reduction in claims.

Page Image
Board Of Aldermen - Agenda - 6/23/2020 - P12

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