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 costs, and net operating income that would result given the payer mix. All work and calculations must be shown.

TABLE Number of Patients Payer Class 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 2. How could you dotermine the amount of debt princinal that will be retired during the pot tuhan TABLE Number of Patients Payer Class 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 2. How could you dotermine the amount of debt princinal that will be retired during the pot tuhan