Question
***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?
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