3. The hospital admits 525 patients per month who stay an average of five (4.8) days per admission, charges $12,000 per admission and incurs $7,200 in costs per patient. First, assume all patients are reimbursed under the same reimbursement method, complete the table and calculate net income for the hospital under each reimbursement method. Second, in the composite column calculate the hospital's expected net income given the payer mix specified below (% of admissions). Assume the per diem payer is offering a contract for the upcoming fiscal year that will pay $1,200 per day, should the contract be accepted? Explain your answer. 80% of Charges, 35% of admissions Cost, 5% of admissions Per Diem, $1,500 per day, 10% of admissions Per Case, use DRG payment calculated in #2, 45% of admissions PMPM, $200 capitation for 15,000 covered lives, 5% of admissions Charge Cost Per Diem Per Case Capitation Total Revenue $ Contr. Disc. Net Revenue_ Expenses Net Income $ 3. The hospital admits 525 patients per month who stay an average of five (4.8) days per admission, charges $12,000 per admission and incurs $7,200 in costs per patient. First, assume all patients are reimbursed under the same reimbursement method, complete the table and calculate net income for the hospital under each reimbursement method. Second, in the composite column calculate the hospital's expected net income given the payer mix specified below (% of admissions). Assume the per diem payer is offering a contract for the upcoming fiscal year that will pay $1,200 per day, should the contract be accepted? Explain your answer. 80% of Charges, 35% of admissions Cost, 5% of admissions Per Diem, $1,500 per day, 10% of admissions Per Case, use DRG payment calculated in #2, 45% of admissions PMPM, $200 capitation for 15,000 covered lives, 5% of admissions Charge Cost Per Diem Per Case Capitation Total Revenue $ Contr. Disc. Net Revenue_ Expenses Net Income $