Question: Consider a hospital that is introducing a new service anticipated to have 1,025 patient visits per year at an average cost of $2,200 and average

Consider a hospital that is introducing a new service anticipated to have 1,025 patient visits per year at an average cost of $2,200 and average billed charges of $4,500. Determine the amount of gross revenue, contractual deductions, net patient revenue, and net operating income that would result given the payer mix and terms shown below.
Payer Type Additional Data Needed (from above):Consider a hospital 

Payer Type Medicare Medicaid Payers with a hospital contract Payers without hospital contract Self-pay Patients Charity Care Patients Estimated # of Payment per Case Patients Additional Data Needed (from above): Anticipated new patients: Average cost: Average billed charges: $ 350 $ 175 $ 320 $ 90 65 25 $ 1025 1025 2,200.00 4,500.00 2,000.00 1,750.00 3,100.00 95% of billed charges 10% of billed charges

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