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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.

Aqua Hospital's Financial Data
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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