Good Will General Hospital is introducing a new service that anticipates to have 550 patient visitsper year at an average cost per visit of $2,200and average billed charges per visit of $4,500. Determine the amount of gross revenue, contractual deductions, net patientrevenue, total costsand net operating income that would result for both Medicare and Medicaid. All work and calculations must be shown.

Payor ClassNumber of pt visitsPayment /caseGross RevenueContractual DeductionsNet Pt RevenueTotal CostsNet Operating Income

Medicare350$2,050

Medicaid200$1,650