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7. Your budget anticipates 30,000 inpatient days this year at $650 revenue per day. And... - Inpatient expenses budgeted at $600 per day - Anticipated
7. Your budget anticipates 30,000 inpatient days this year at $650 revenue per day. And... - Inpatient expenses budgeted at $600 per day - Anticipated 10,000 outpatient visits this year at $400 revenue per visits - Outpatient expenses budgeted at $380 per visit Actual results: - 27,000 inpatient days achieved -$650 revenue per day achieved - 110 percent of outpatient visits achieved - $400 revenue per visits achieved - Actual inpatient expenses amount to $16,100,000 and outpatient expenses are $4,000,000 Compare expected budget to actual performance and calculate the budget variances
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