Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

CHAPTER 17: FINANCIAL CONDITION ANALYSIS Homework Problem 5.2 RIVERSIDE HOSPITAL OPERATING DATA OPERATING DATA Net inpatient revenue $118,449,000 Net outpatient revenue $128,650,000 Net patient service

image text in transcribed
CHAPTER 17: FINANCIAL CONDITION ANALYSIS Homework Problem 5.2 RIVERSIDE HOSPITAL OPERATING DATA OPERATING DATA Net inpatient revenue $118,449,000 Net outpatient revenue $128,650,000 Net patient service revenue $247.099,000 Inpatient operating expenses $116,265,050 Total salaries $117.914,830 Total discharges 21,475 Inpatient days 123,579 te licensed and stated beds 500 Total FTS 3,650 Inpatient FTES 1,725 Calculate the following ratios based upon the data For each ratio, provide a brief ra analysis and comparative analysis. above. Show Work Indicator Analysis Briefly explain what the indicator means Compare Riverside with peer group averages and explain how it did Comparative Analysis compared to other comparable hospitals. OPERATING INDICATOR ANALYSIS Heart Hospital Industry Average Profit per Discharge $73 indicator Analysis Comparative Analysis Net Price per Discharge $5,965 Indicator Analysis Comparative Analysis Outpatient Revenue 58.5% Indicator Analysis Comparative Analysis Occupancy Rate 56,696 Indicator Analysis Comparative Analysis Average Length of stay 4.7 Indicator Analysis Comparative Analysis Inpatient FTES per Occupied Bed 5.6 Indicator Analysis Comparative Analysis Salary per FTE $33,977 Indicator Analysis Comparative Analysis

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Risk Based Approach to Conducting a Quality Audit

Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg

10th edition

978-1305080577

Students also viewed these Accounting questions