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Problem 4 San Diego Memorial Hospital has the following annual financial data and operational metrics: 250 Number of beds Total inpatient admissions Total outpatient visits
Problem 4 San Diego Memorial Hospital has the following annual financial data and operational metrics: 250 Number of beds Total inpatient admissions Total outpatient visits Total patient revenues Outpatient mix Medicare payment percentage (revenues) Average length of stay Net price per discharge Cost per discharge 12,250 90,754 $111,900,050 16.2% 28.0% 5.8 days $7,653 $6,292 a. What is the hospital's profit per discharge? b. What is the hospital's total inpatient and total outpatient revenue? Hint: Apply patient mix metrics to total revenues.) c. What are the hospital's total revenues from Medicare patients? d. What is the total number of inpatient days? e. What is the hospital's occupancy rate? (Hint: The total number of available bed days for the year= the number of beds x 365 days.)
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