A hospital is introducing a new service that anticipates having 1000 patient visits per year at an average cost per visit of $2,200 and average billed charges per visit of $4,500. Determine the amount of gross revenue, contractual deductions, net patient revenue ,total cost and net operating income that would result given for all the payers. Please show calculations and do it in a table form.

TABLE 9-2 Payer Class Number of Patients Payment per Case Medicare 400 $2,050 per case Medicaid 150 $1,650 per case Payers with a hospital contract 280 $3,000 per case Payers without a hospital contract 100 90% of gross (billed) charges Self-pay patients 50 5% of gross (billed) charges Charity care patients 20 $0 per case 1,000