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For this assignment, fill in the values for (a) through (m). Please show all of your calculations/ formulas. Any assignment submitted without calculations/ formulas will
For this assignment, fill in the values for (a) through (m). Please show all of your calculations/ formulas. Any assignment submitted without calculations/ formulas will result in a zero grade. See page 270 of your textbook for an example.
Assume Brothers hospital has three payer groups and the hospitals fixed costs are $38,000,000.
Payer | Number of Admissions | Average Revenue per Admission | Revenue by payor | Variable Cost per Admission | Total Variable Costs | Contribution Margin |
---|---|---|---|---|---|---|
Blue Cross | 1,000 | $6,000 | (a) | $3,000 | (b) | (c) |
Medicaid | 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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