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Merry Meadows provides non-acute inpatient care. They have 2 departments: Short term care for patients transitioning from an inpatient hospital stay and long-term skilled
Merry Meadows provides non-acute inpatient care. They have 2 departments: Short term care for patients transitioning from an inpatient hospital stay and long-term skilled nursing for patients who need full time help with activities in daily living and managing their health needs. Fixed costs for Merry Meadows include $10,000 per month Mortgage payment. There is an administrator, who earns $75,000 per year. Short term care has 3 nurses who earn $60,000 per year each and 6 nursing aides who earn $40,000 per year each. Long term care has 2 nurses who earn $60,000 per year each and 10 nursing aides who earn $40,000 per year each. Merry Meadows contracts for maintenance @ $3000 per month for the entire facility. Utilities are $1000 per month.| Variable costs include food/dietary services. Short term care Estimated patient days for 2021 5500 patient days Reimbursement Food/Dietary $350 per patient day $25 per patient day 1. What is the projected 2021 budget for Merry Meadows? Long term care 9125 $300 per patient day $25 per patient day I
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