You have been asked to establish a pricing structure for radiology on a per-proc

You have been asked to establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:Budgeted Procedures 10000Budgeted Cost$400000Desired Profit $80000It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38.00 per procedure. Approximately 10 percent of the patients are cost payers. The remaining charge payers are summarized below:Assume that the only change in the original example data is that Blue Cross raises their discount to 20 percent. What price should be set?(Points : 10)