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