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For part 2 - Fill in the values for (a) through (m). Please show all of your calculations/ formulas. Part 2. Assume Aqua hospital has
For part 2 - Fill in the values for (a) through (m). Please show all of your calculations/ formulas.
Part 2. Assume Aqua hospital has three payer groups and the hospital's fixed costs are $38,000,000.
Payer | Number of Admissions | Average Revenue / Admission | Revenue by payor | Variable Cost / Admission | Total Variable Costs | Contribution Margin |
---|---|---|---|---|---|---|
Commerical | 1,000 | $5,000 | (a) | $3,000 | (b) | (c) |
MetCare | 4,000 | $4,500 | (d) | $4,000 | (e) | (f) |
Medicare | 8,000 | $7,000 | (g) | $2,500 | (h) | (i) |
Total | 13,000 | (j) | (k) | (l) |
(m) - What is the hospitals profit?
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