Question: Please solve and show the work Answer are down below:Cost ShiftingCharge per patient necessary to recover cost = $3,731Cost CuttingAmount of costs to cut to

Please solve and show the work Answer are down below:Cost ShiftingCharge per patient necessary to recover cost = $3,731Cost CuttingAmount of costs to cut to break even = $54,650

Cost-Shifting Self-Quiz Problem Assume your organization has |00 patients analyzed in the following manner: l5 Medicare patients. who pay $2,000 per diagnosis 25 Medicaid patients,who pay $ | .800 per diagnosis 20 managed care patients, who pay charges minus a 20% discount IO managed care patients, who pay charges minus a 25% discount l0 private insurance patients, who pay charges |0 charity care patients. who pay nothing IO 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,|00. Calculate the amount of costs you will need to cut to break even

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