Vision: Plan Type In Network Out of Network Exams Every • 12 months Lenses Every • 12 months Frames Every • 24 months Eye Exam • 100% after you pay $10 copay • $40 allowance Lenses • Single: 100% after $10 copay Bifocal: 100% after $10 copay Trifocal: 100% after $10 copay • • • Single: $40 allowance Bifocal: $60 allowance Trifocal: $80 allowance • • Scratch Resistant Lenses • $25 allowance • Not Covered Anti-Reflective Lenses • $50 allowance • Not Covered Frames • $75 wholesale allowance • $60 retail allowance Contact Lenses • • Elective: $150 allowance Medically Necessary: 100% • • Elective: $75 allowance Medically Necessary: $100 allowance LASIK • Receive a 25% discount off the usual and customary price or 5% off advertised promotions for LASIK services from in-network providers. Discount covers consultations, laser procedure, follow-up visits and
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VISION Participating Provider Non-participating provider Exam with dilation 100% after $10 copy $35 allowance Lenses: - Single - Bifocal - Trifocal 100% after $0 copay 100% after $0 copay 100% after $0 copay $25 allowance $40 allowance $60 allowance Frames $50 wholesale allowance $45 retail allowance $135 allowance $135 allowance 100% $210 allowance Once every 12 months Once every 12 months Once every 24 months Once every 12 months Once every 12 months Once every 24 months Lens Crafters, Pearle Vision, JC Penny Optical, Sears, Target Optical, Private Practioners Must pay upfront and submit claim and receipt for reimbursement Contact Lenses - Elective (conventional & disposable) - Medically necessary (limit one pair) Frequency (based on date of service) - Exam - Lenses or contact lenses - Frame Providers
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Process Capability  Process capability is the ability of the process to meet the design specifications for a service or product.  Nominal value is a target for design specifications.  Tolerance is an allowance above or below the nominal value. © 2007 Pearson Education
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PROBLEM 7-2 1. Net Sales Percentage Bad debt expense $1,500,000 1 1/2% $22,500 2. Accounts receivable Amounts estimated to be uncollectible Net realizable value $1,750,000 (180,000) $1,570,000 3. Allowance for doubtful accounts 1/1/03 Establishment of accounts written off in prior years Customer accounts written off in 2003 Bad debt expense for 2003 ($2,100,000 X 3%) Allowance for doubtful accounts 12/31/03 $17,000 8,000 (30,000) 63,000 $58,000 4. Bad debt expense for 2003 Customer accounts written off as uncollectible during 2003 Allowance for doubtful accounts balance 12/31/03 $84,000 (24,000) $60,000 5. Accounts receivable, net of allowance for doubtful accounts Allowance for doubtful accounts balance 12/31/03 Accounts receivable, before deducting allowance for doubtful accounts Accounts receivable Percentage Bad debt expense, before adjustment Allowance for doubtful accounts (debit balance) Bad debt expense, as adjusted $950,000 60,000 $1,010,000 $410,000 3% 12,300 14,000 $ 26,300 22
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for Loop Behavior #6 int product = 1; int count; for (count = 1; count <= 5; count++) { product = product * count; } /* for count */ The above program fragment behaves identically the same as: /* Program Trace */ int product = 1; /* product = 1 */ int count; /* count is undefined */ count = 1; /* count == 1, product == product *= count; /* count == 1, product == count++; /* count == 2, product == product *= count; /* count == 2, product == count++; /* count == 3, product == product *= count; /* count == 3, product == count++; /* count == 4, product == product *= count; /* count == 4, product == count++; /* count == 5, product == product *= count; /* count == 5, product == count++; /* count == 6, product == for Loop Lesson 1 CS1313 Spring 2019 1 */ 1 */ 1 */ 2 */ 3 */ 6 */ 6 */ 24 */ 24 */ 120 */ 120 */ 29
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Process can meet specifications PROCESS Process cannot meet specifications © 2000 by Prentice-Hall Inc Russell/Taylor Oper Mgt 3/e Natural control limits Design specifications Design specifications Natural control limits Design specifications Natural control limits PROCESS PROCESS Process Capability Process capability exceeds specifications Ch 4 - 43
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EyeMed Vision Plans Vision Exams Eyeglass Lenses Frames Contact Lenses EyeMed Base Plan EyeMed Buy Up Plan Once every 12 months Once every 12 months Once every 24 months $100 allowance 20% off balance over $130 Once every 12 months Once every 12 months Once every 12 months Once every 12 months $130 allowance 20% off balance over $130 Once every 12 months In-Network Benefit Vision Exam Single Vision Lenses Bifocal Lenses Trifocal & Lenticular Lenses Standard Progressive Lens Conventional Contact Lenses (in lieu of eyeglasses) Disposable Contact Lenses (in lieu of eyeglasses) $5 $15 $15 $15 $65 $0 Copay; $100 allowance; 15% off balance $0 Copay; $100 allowance; plus balance $5 $15 $15 $15 $65 $0 Copay; $130 allowance; 15% off balance $0 Copay; $130 allowance; plus balance Monthly Premium Employee Only Coverage Family Coverage $3.91 $10.02 $4.83 $12.36 For customer service, visit www.eyemed.com or call 866-804-0982. ICUBA is on the INSIGHT Network! * Please refer to EyeMed Plan Summary for more detailed information and out of network options EyeMed makes it easy for you to buy glasses and contact lenses online if you are not able to visit an optical dispensary. Visit www.ContactsDirect.com or www.Glasses.com to use your in-network benefits on a large variety of glasses and contact lenses. You can even virtually “try on’ your frames and have contact lenses delivered to your door!
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Example: Marada Inn Guests staying at Marada Inn were asked to rate the quality of their accommodations as being excellent, above average, average, below average, or poor. The ratings provided by a sample of 20 quests are shown below. Below Average Average Above Average Above Average Above Average Above Average Above Average Below Average Below Average Average Poor Poor Above Average Excellent Above Average Average Above Average Average Above Average Average © 2003 Thomson/South-Western 5
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