Question
St. Sebastian is projecting 220,000 patient visits (combined IP and OP) with an average cost per visit of $1,727. They have an average charge per
St. Sebastian is projecting 220,000 patient visits (combined IP and OP) with an average cost per visit of $1,727. They have an average charge per visit of $4,545.
Mercy is projecting 230,000 visits per year, with an average cost of $1,435 per visit and an average charge of $4,348.
General Pediatrics is projecting 200,000 visits this year, with an average cost of $2,100 per visit and an average charge of $5,000 per visit
General University is projecting 180,000 visits per year with an average cost of $1,833 and an average charge of $5,556 per visit.
Using the information provided, estimate total gross and net patient service revenue per hospital currently (2016). What is each hospitals operating margin in terms of dollars and percentage? Based on this, who is doing well, and who is not? Who has the most to gain and lose as the current environment changes?
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