General Hospital is introducing a new service that anticipates having 550 patient visits per year at an average cost per visit of $2,250 and average billed charges per visit of $4,400. Determine the amount of gross revenue, contractual deductions, net patient revenue, total costs, and net operating income that would result for both Medicare and Medicaid. Must show all work and calculations.

Payor Class Number of pt visits Payment /case Gross Revenue Contractual Deductions Net Pt Revenue Total Costs Net Operating Income

Medicare 350 $2,050

Medicaid 200 $1,650