You are the manager of the surgery department at a hospital which serves mostly Medicare patients. T Show more You are the manager of the surgery department at a hospital which serves mostly Medicare patients.
The hospital performs 1000 surgical operations per year using the traditional method. The Medicare payment for a surgical operation using the traditional method is 2250 dollars and the cost to the hospital per operation is 1750 dollars. Compute the total revenue the total cost and the profit at the end of each year if the hospital continues to use the traditional method for surgical operations. Show less
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