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[solution]: Good morning, I need your help. I received last night from my


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Good morning, I need your help. I received last night from my teacher this exercise to deliver it tonight, but for the short time I have, besides I'm working,I need to know if you can help me.


Thanks in advance,


Leo


You have been asked to establish a pricing structure for anesthesiology on a pre-procedure

 

basis. Present budgetary data is presented below:

 

Budgeted procedures 7,200

 

Budgeted cost per procedure $ 48

 

Desired profit $ 100,000

 

It is estimated that Medicare patients comprise 50% of total anesthesiology volume and will

 

pay on average $60 per procedure. Approximately 25% of the patients are cost payers. The

 

remaining 25% of the patients are covered by payers who receive an average of a 4%

 

discount off of the full charges. Based on this:

 

1. To the nearest dollar, what rate (i.e., full charge per procedure) must be set to generate

 

the required $100,000 in profit in the preceding example? (your answer might be slightly

 

different due to rounding. Pick the closest.)

 

a. $152

 

b. $95

 

c. $64

 

d. $69

 

e. $83

 

2. If the forecasted volume increased to 9,000 procedures and the budgeted cost per

 

procedure decreased to $44, while all other variables remained constant, what price should

 

be established?

 

a. $54

 

b. $59

 

c. $64

 

d. $69

 

e. $83

 


 

 


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