Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer questions 1 through 6. Please make sure to show all of your work (calculations/ formulas). Assignments submitted without calculations/ formulas will receive a

Please answer questions 1 through 6. Please make sure to show all of your work (calculations/ formulas). Assignments submitted without calculations/ formulas will receive a zero grade.

Wellhealth Medical Center is a 350-bed not-for-profit organization. In 2019, they had 78,250 inpatient days and 19,233 discharges. Wellhealths accounting system reporting $87,740,000 of inpatient service revenue and $84,865,000 of inpatient costs, with an inpatient workforce of 1,168 FTEs. The total salaries in 2019 were $66,022,575.

What is the medical center's occupancy rate as a percentage?

What is the medical center's average length of stay?

What is the medical center's average daily census?

What is the medical center's profit per discharge?

What is the medical center's inpatient FTEs per occupied bed?

What is the medical center's salary per FTE?

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

Recommended Textbook for

Money Talks Explaining How Money Really Works

Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer

1st Edition

0691202893, 978-0691202891

More Books

Students also viewed these Finance questions

Question

What is something you consider too serious to joke about?

Answered: 1 week ago

Question

What do they need to do differently?

Answered: 1 week ago

Question

What do they do well?

Answered: 1 week ago

Question

(2) How much recognition do people gain for doing a good job?

Answered: 1 week ago