Question

General Hospital is introducing a new service that anticipates having 550 patient visits per year at an average cost per visit of $2,250 and average billed charges per visit of $4,400.

Determine the amount of gross revenue, contractual deductions, net patient revenue, total costs, and net operating income that would result for both Medicare and Medicaid. Must show all work and calculations.

Payor Class         Number of pt visits      Payment /case       Gross Revenue      Contractual Deductions     Net Pt Revenue   Total Costs     Net Operating Income

Medicare              350 $2,050

Medicaid               200 $1,650

Answer 1

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