Faculty Advisor

Abraham, Jon P.

Center

Worcester Community Project Center

Abstract

A non-profit counseling center has been losing money for years. The goal of this project was to determine a way for the center to increase their revenue. By creating a model that analyzed reimbursement rates and activity count per insurer, the center will be able to pinpoint the insurers which are giving them the lowest rates. The center can then decide to attempt to renegotiate those rates or drop an insurer altogether. We also explored other options to help the counseling center, including reducing no show rates, introducing mobile therapy, analyzing financial statements, and phasing in more fee-for-service staff as salaried staff retire.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2015

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

Project Center

Worcester Community Project Center

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