Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

***Must use EXCEL spreadsheet and show formulas*** Sacramento Memorial Hospital has the following financial data and operational metrics: Number of beds : 250 Total inpatient

***Must use EXCEL spreadsheet and show formulas***

Sacramento Memorial Hospital has the following financial data and operational metrics:

Number of beds : 250

Total inpatient admissions : 12,250

Total outpatient visits : 90,754

Total patient revenues : $111,900,050

Outpatient mix : 16.2%

Medicare payment percentage (revenues) : 28%

Average length of stay : 5.8 days

Net price per discharge : $7,653

Cost per discharge : $6,292

a. What is the hospitals profit per discharge? b. What is the hospitals total inpatient and total outpatient revenue? (Hint: Apply patient mix metrics to total revenues.) c. Verify your Part b answer for total inpatient revenue using volume and profitability metrics. (Hint: Calculate price per discharge.) d. What are the hospitals total revenues from Medicare patients? e. What is the total number of inpatient days? f. What is the hospitals occupancy rate?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions