Question
hmt-220 REQUIRED: TASK 3-PUT IT ALL TOGETHER (COMBINED OPERATING STATEMENT) Using the table below, input all new data calculated in the previous steps to calculate
hmt-220 REQUIRED: TASK 3-PUT IT ALL TOGETHER (COMBINED OPERATING STATEMENT) Using the table below, input all new data calculated in the previous steps to calculate a forecasted operating margin for 2018. ADDITIONAL QUESTIONS TO CONSIDER CONCERNING FORECASTING: YOU DO NOT NEED TO ANSWER THESE FOR THE PURPOSESOF THIS CASE STUDY, BUT THEY ARE THINGS TO CONSIDER AS A MEMBER OF MANAGEMENT. What would happen if there was additional charity care? If a government plan emerges and the reimbursement is like Medicare, how would that affect the organization? What are other factors that executives should be aware of that might affect the hospitals revenue? How much can or should a not-for-profit health system that has a mission that includes a significant focus on community benefit influence the patient mix? Actual 2017 Projected 2018 Net Patient Service Revenue $ 8,965,000.00 Operating Expenses: Salaries and benefits 4,652,470.00 Purchased services and professional fees 1,687,512.00 Medical devices and other supplies 1,368,743.00 Utilities 167,523.00 Other operating expenses 74,587.00 Depreciation and amortization 548,798.00 Total Operating Expenses 8,499,633.00 Operating Margin $ 465,367.00 Operating Margin % 5.19%
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