Forthis weeks assignment, please make sure you are reviewing and understand the example given at the end of chapter 9. You need to understand the terminology to accurately complete this assignment. Go

Forthis weeks assignment, please make sure you are reviewing and understand the example given at the end of chapter 9. You need to understand the terminology to accurately complete this assignment.

Good Will General Hospital is introducing a new service that anticipates to have 550 patient visitsper year at an average cost per visit of $2,200and average billed charges per visit of $4,500.

Determine the amount of gross revenue, contractual deductions, net patientrevenue, total costsand net operating income that would result for both Medicare and Medicaid.

Payor Class Number Pt. visits Payment /case Gross Revenue Contractual Deductions Net Pt Revenue Total Costs Net Operat. Income

Medicare 350 $2,050

Medicaid 200 $1,650

Instructions:

Please show all of your calculations and include the appropriate heading.

This assignment is due onWednesday by 11:50PM.

To get you started on this assignment - To determine the gross revenue (charges) you would multiply the volumeby the average billed charges.