Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the attached document with Bayside's Financial & Operating numbers, calculate and comment (when peer group # provided) on the following: Profit per Inpatient Discharge

Using the attached document with Bayside's Financial & Operating numbers, calculate and comment (when peer group # provided) on the following:

  • Profit per Inpatient Discharge
  • Net Price per Inpatient Discharge
  • Occupancy Rate as percentage
  • Average Length of Stay
  • LOS / CMI Ratio (not listed in book, look at this formula), peer group = 2.70
  • Inpatient FTEs per Occupied Bed
  • Salary per FTE

Finally, using the example shown in the Integrative Application calculate and comment on following:

  • Du Pont extended (full) formula
image text in transcribed
In 2019, Bayside's managerial accounting system reported $89,230,000 of inpatient service revenue, $85,345,000 of inpatient costs, and 18,762 patient discharges. Peer group average = $175. Based on 96,745 inpatient days in 2019, licensed beds = 460; and peer group average increased to 46.2%. Bayside's all patient case-mix index was 1.19 for 2019, which is slightly above the peer group average of 1.16. With an inpatient workforce of 1,301 FTEs, With total salaries of $86,143,578 in 2019 and 2,802 total FTEs, pure group average = $33,266. Bayside's 2019 Financial Indicators: Total Revenue = $ 113,848 Net Income = S 9,039 Total Assets = $ 152,633 Total Equity = $ 107,973

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

Financial Accounting Fundamentals

Authors: John J. Wild

8th Edition

1260728609, 9781260728606

More Books

Students also viewed these Accounting questions

Question

explain how organizations can promote a positive safety climate.

Answered: 1 week ago