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Table 1 Numerator = Average Cost + (Required Net Income + Loss on Medicare & Medicaid Fees - $ of Scheduled Payers from Managed Care
Table 1
Numerator = Average Cost + (Required Net Income + Loss on Medicare & Medicaid Fees - $ of Scheduled Payers from Managed Care Payments)
Denominator = 1 - .55 average discount
What is the required price? Please explain the steps
Total Cost Total Volume Average cost $100,000.00 $1,000.00 $ 110.00 Payer volumes Medicare (payment rate $95) Medicaid (payment rate $75) Managed Care #1(payment rate $110) $ Managed Care #2 (pay 80% of charges) | $ Uninsured (pay 10% of charges) | $ Total all payers 400.00 100.00 300.00 100.00 100.00 S 1,000.00 Desired Net Income S 5,000.00Step by Step Solution
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