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(Answered) Use the following information to answer questions 3, 4, and


Use the following information to answer questions 3, 4, and
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Use the following information to answer questions 3, 4, and 5:,

 

,

 

You have been asked to establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:,

 

,

 

,

 

Budgeted Procedures 10,000,

 

Budgeted Cost $400,000,

 

Desired Profit $80,000,

 

,

 

It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38.00 per procedure. Approximately 10 percent of the patients are cost payers. The remaining charge payers are summarized below:,

 

,

 

Payer Volume % Discount %,

 

Blue Cross 20 4,

 

Unity 15 10,

 

Kaiser 10 10,

 

Self-Pay 5 40,

 

50% ,

 

,

 

3. What rate must be set to generate the required $80,000 in profit in the preceding example?,

 

,

 

4. If the forecasted volume increased to 12,000 procedures and budgeted costs increased to $440,000, while all other variables remained constant, what price should be established?,

 

,

 

5. Assume that the only change in the original example data is that Blue Cross raises their discount to 20 percent. What price should be set?,

 

,

 


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