Question: Please provide the steps to get the answer in excel? Lutheran Regional Hospital uses a planning process to define a new radiology service line. The
Please provide the steps to get the answer in excel?
Lutheran Regional Hospital uses a planning process to define a new radiology service line. The decision matrix gave it a high priority, and administrators want to evaluate its financial feasibility. Estimated fixed costs are $1 million, and the estimated net reimbursement level is $1,500 per procedure. Physicians and other provider salaries on a direct basis are $340 per procedure, and total operating expenses will add another $160 per procedure. Calculate the breakeven point for this potential new service line.
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