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General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services: The hospital expects to have a patient load of
General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services: The hospital expects to have a patient load of 1,334 inpatient days next year. Assume that 19 percent of the hospital's inpatient days come from a managed care plan that wants a 21 percent discount from charges. What is the change in profit if the hospital accepts the proposal? (Negative amount should be indicated by a minus sign. Round your answer to the nearest dollar amount. Omit the " $ " sign and commas in your response. For example, $123,456.78 should be entered as 123457.)
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