Problem 6.6 Prepare a revenue budget that includes both gross and net revenue for the upcoming fiscal

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Problem 6.6 Prepare a revenue budget that includes both gross and net revenue for the upcoming fiscal year. The target use rate is 80% of capacity. The department is capable of performing 27,375 tests annually. The business is evenly divided: half the patients are covered by health insurance that will reimburse at 80% of charges. The other half comprised wealthy, uninsured patients who pay 100% of charges. The price charged for the service is $500.

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