Using the example of Table 62, assume that the average cost has jumped from $100...
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Using the example of Table 62, assume that the average cost has jumped from $100 to$105. All other factors in the example remain the same. What will be the new required price?
Table 62 Price-Setting Example
| Total cost | $100,000 |
| Total volume | 1,000 |
| Average cost | $100 |
| Payer volumes |
|
| Medicare (payment rate = $95) | 400 |
| Medicaid (payment rate = $75) | 100 |
| Managed Care # 1 (payment rate = $110) | 300 |
| Managed Care # 2 (pay 80% of charges) | 100 |
| Uninsured (pay 10% of charges) | 100 |
| Total all payers | 1,000 |
| Desired net income | $5,000 |
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