************* Can you please give answer in the below format? ********************

Cost-Shifting Self-Quiz Problem Assume your organization has 100 patients analyzed in the following manner: 15 Medicare patients, who pay $2,000 per diagnosis 25 Medicaid patients, who pay $1,800 per diagnosis 20 managed care patients, who pay charges minus a 20% discount 10 managed care patients, who pay charges minus a 25% discount 10 private insurance patients, who pay charges 10 charity care patients, who pay nothing 10 bad debt patients, who pay nothing Your organization's average cost per patient is $2,000. Calculate the charge necessary to recover your cost. Cost-Cutting Self-Quiz Problem Using the data from the self-quiz problem on cost shifting, assume those who pay charges will allow a maximum charge of $2,100. Calculate the amount of costs you will need to cut to break even. Step 3: Check the answer by calculating the profit/loss using the new charge. Payer No. Costs ($) Charges ($) Collections ($) Profit ($) Medicare 20 Medicaid 30 MC #1 25 MC #2 10 Private insurance 5 Charity 5 Bad debt 5 Total 100 20,000 30,000 25,000 0,000 5,000 5,000 5,000 100,000 32,000 48,000 40,000 ,00 8,000 8,000 8,000 160,000 19,000 27,000 34,000 12,000 8,000 0 -1,000 -3,000 9,000 2,000 3,000 -5,000 -5,000 0 0 100,000