Sacramento Memorial Hospital has the following financial data and operational metrics: Number of beds 250 Total inpatient
Question:
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) 28.0%
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?