what price the MRI Center must charge in order to meet ists desired profit?
Outpatient MRI center has asked you to determing the price to be charged for each MRI scan for the first year of operations. Below is the relevant budget.
Cost 2,100,000
Volume 3,650
Medicare Mix 60%
Private insurance MIx 40%
Medicare payment per $650
procedure
Private insurance pays 85% of charges
Desired profit 500,000