document.write( "Question 444831: You have been asked to set a rate for a surgicenter. Costs are budgeted to be 4,000,000 per year for projected surgical procedures of 7,000. The surgicenter expects that 50% of its procedures will be Medicare and that Medicare will pay 550.00 per procedure. The remainder will be charge payers at an expected discount of 29%. If a profit of 400,000 is required, what rate per procedure is required?
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Algebra.Com's Answer #306556 by stanbon(75887)\"\" \"About 
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You have been asked to set a rate for a surgicenter. Costs are budgeted to be 4,000,000 per year for projected surgical procedures of 7,000.
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\n" ); document.write( "The surgicenter expects that 50% of its procedures will be Medicare and that Medicare will pay 550.00 per procedure.
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\n" ); document.write( "The remainder will be charge payers at an expected discount of 29%.\r
\n" ); document.write( "\n" ); document.write( "If a profit of 400,000 is required, what rate per procedure is required?\r
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\n" ); document.write( "Cost = $4,000,000
\n" ); document.write( "Revenue = 550*3500 + (0.81r)(3500)
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\n" ); document.write( "Profit = Revenue - Cost
\n" ); document.write( "Solve: 550*3500 + (0.81*r)(3500)-4,000,000 > 400,000
\n" ); document.write( "rate = $873.02 per procedure
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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