question archive PhysiciansRUs is a physician practice in Metropolis
PhysiciansRUs is a physician practice in Metropolis
Subject:EconomicsPrice: Bought3
PhysiciansRUs is a physician practice in Metropolis. They have 20% of the market in Metropolis and 50% of their patients are insured by UAA. These 10,000 patients average 2.2 visits per year. Their average net reimbursement per office visit from United is $80. PhysiciansRUs knows that the increased copayment will reduce their visits. How much will visits to PhysiciansRUs decline if the United copayment is increased 10%? What is their current revenue from United and what would their new revenue be?
