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DATA INPUT Total Cost Average Cost $342,000 $114.00 $16,000 3,000 Desired Net Income Total Volume Payer Volumes Medicare (payment rate = $99) Medicaid (payment rate
DATA INPUT Total Cost Average Cost $342,000 $114.00 $16,000 3,000 Desired Net Income Total Volume Payer Volumes Medicare (payment rate = $99) Medicaid (payment rate = $84) Health Plan 1 (payment rate = $134) Health Plan 2 (pay = 75% of charges) Uninsured (pay = 15% of charges) Total all payers 800 250 1,400 400 150 3,000 INCOME STATEMENT DATA INPUT Revenue Sources Medicare Medicaid Health Plan 1 Health Plan 2 Uninsured TOTAL REVENUE Less: Total Cost PROFIT $78,800.00 $20,875.00 $187,600.00 $65,790.70 $4,934.30 $358,000.00 $342,000 $16,000.00 Using the DATA INPUT and INCOME STATEMENT DATA INPUT TABLES above, determine the hospital's required price? (Do include the dollar sign $ and round your answer to 2 decimal places (e.g., 12.34) DATA INPUT Total Cost Average Cost $342,000 $114.00 $16,000 3,000 Desired Net Income Total Volume Payer Volumes Medicare (payment rate = $99) Medicaid (payment rate = $84) Health Plan 1 (payment rate = $134) Health Plan 2 (pay = 75% of charges) Uninsured (pay = 15% of charges) Total all payers 800 250 1,400 400 150 3,000 INCOME STATEMENT DATA INPUT Revenue Sources Medicare Medicaid Health Plan 1 Health Plan 2 Uninsured TOTAL REVENUE Less: Total Cost PROFIT $78,800.00 $20,875.00 $187,600.00 $65,790.70 $4,934.30 $358,000.00 $342,000 $16,000.00 Using the DATA INPUT and INCOME STATEMENT DATA INPUT TABLES above, determine the hospital's required price? (Do include the dollar sign $ and round your answer to 2 decimal places (e.g., 12.34)
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