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.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Baiden, Jonathan
• Marcotte, Justin Joseph
• Zhang, Yiran
• Lowe, Samantha Frances

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042915-104021

Advisor

• Abraham, Jon P.

Year

• 2015

Sponsor

• Counseling Center

Date created

• 2015-04-29

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright