The nurse manager needs assistance estimating next year's orthopedic revenue based on projected increases in hip replacements from 300 to 340. Revenue estimates must account for expected changes in payer sources, including losing some contracted insurers to competition but gaining more Medicare and Medicaid patients due to demographic and economic shifts. The manager provided this year's budget and projections on patient volumes and payment amounts by payer to estimate next year's total revenue.

1. Calculate the income projected from each payer source and total
ASSIGNMENTScenario: The nurse manager in orthopedics has asked for your assistance
with a finance project. She is being asked to estimate revenue for the next fiscal year based
on the projected number of hip replacements increasing from 300 this year to 340 next
year.The nurse manager must also factor in the expected changes in sources of revenue by
payer. It is estimated that the hospital will lose some contracted insurers due to local
competition, and see an increase in Medicare and Medicaid patients due to area
demographics and economic conditions. She has provided you with the numbers from this
year’s budget and the projections on numbers and payment amounts for next year.