Question 1080709
Medicare will contribute $1,925,000
The amount missing is 4,400,000-1,925,000=2,475,000
That has to be made from 3500 procedures.
$x per procedure nets them 0.71x, so 3500*0.71x=2,475,000
0.71x=$707.14
x=$995.97 or $996.
Check with $1000, since it is easier
29% discount is $710
$710*3500=$2,485,000
The exact amount is $995.97.
It is easier to do it this way. If the amount is divided by 7000, the number given is for two different costs, and that makes it a lot more difficult.