Detemine the price for each mri scan

Reference no: EM1360245

The Sans Roentgen Outpatient MRI Center has asked you to detemine the price to be charged for each MRI scan for the first year of operations. Below is the relevant budget data:
DESCRIPTION BUDGET
Cost-------------------------------------------------------$2,100,000
Volume-----------------------------------------------------3,650
Medicare Mix-----------------------------------------------60%
Private Insurance Mix--------------------------------------40%
Medicare Payment Per Procedure-----------------------------$650
Private Insurance Pays-------------------------------------85% of charges
Desired Profit---------------------------------------------$500,000
In 700-1000 words please help me explain what price the MRI Center must charge in order to meet its desired profit of $500,000. Be sure to include all calculations and rationales behind your answer. I need help with this, I am not sure where to even start. Any help you could give me would be greatly appreciated.

Reference no: EM1360245

Questions Cloud

Calculate the holding period return : The prices for the Guns and Hoses Company for the first quarter of 2005 are given below. Calculate the holding period return for February.

Hispanic ethnic group : According to the research, do you think that the learning techniques proposed in this discussion is appropriate for the Hispanic ethnic group? Explain your reasoning.

How far does the car go before it stops : How far does the car go before it stops. An advertisement claims that a sportscar can accelerate from rest to 100 km/hr in 7.70 s.

Counterproductive work behavior : Determine the five guidelines listed and provide an example of an appropriate tool that might help achieve each guideline.

Detemine the price for each mri scan : The Sans Roentgen Outpatient MRI Center has asked you to detemine the price to be charged for each MRI scan for the first year of operations. Below is the relevant budget information:

Write c program that prompts for variable number of integers : Write a C program that prompts for a variable number of integers, adds them up, averages them, and prints out the average.

Find the angle of the first order maximum : Find the angle of the first order maximum. what horizontal distance does it travel before it lands on building.

Explain what opportunities are there for established : Explain What opportunities are there for established airlines to improve their competitive position through differentiation strategies?

Accounting principles : Juan's Taco Corporation has restauraunts in five college towns. Juan wants to expand into Austin and College Station and needs a bank loan to do this. Mr. Bryan, the banker,.

User Account

All Pages