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General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services: Fixed costs $10,548,189 Variable cost per inpatient day $244
General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services:
Fixed costs
$10,548,189
Variable cost per inpatient day
$244
Charge (revenue) per inpatient day
$963
The hospital expects to have a patient load of 14,648 inpatient days next year. What volume is required to provide a profit of $908,697?
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