Marketing department estimates that medicare urology visits

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Reference no: EM131082062

Your marketing department estimates that Medicare urology visits equal 5 − (1.0 × C ) + (−6.5 × T O ) + (5 × T R ) + (0.01 × Y ). Here, C denotes the Medicare copayment (now $20), T O is waiting time in your clinic (now 30 minutes), T R is waiting time in your competitor’s clinic (now 40 minutes), and Y is per capita income (now $40,000).

a. How many visits do you anticipate?

b. Medicare’s allowed fee is $120. What revenue do you anticipate?

c. What might change your forecast of visits and revenue?

Reference no: EM131082062

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