Question # 15 (10 points)

Using the information below, calculate the required price/charge

Total cost $300,000

Total volume 2,000

Average cost $150

Payer volumes

Medicare (payment rate= $140) 350

Medicaid (payment rate = $125) 150

Managed Care # 1 (payment rate = $175) 150

Managed Care # 2(pay 25% of charges) 200

Uninsured (pay 10% of charges) 150

Total all payers 1,000

Desired net income

$10,000