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Using this chart, what is the hospital profit? Memorial Hospitals Financial Data Payer Number of Admissions Average Revenue per Admission Revenue by payor Variable Cost
Using this chart, what is the hospital profit?
Memorial Hospitals Financial Data
| Payer | Number of Admissions | Average Revenue per Admission | Revenue by payor | Variable Cost per Admission | Total Variable Costs | Contribution Margin |
| Blue Cross | 1,000 | $6,000 | (a)$6,000,000 | $3,000 | (b)$3,000,000 | $3,000,000 |
|
Medicaid | 4,000 | $4,500 | (d)$18,000,000 | $4,000 | (e)$16,000,000 | (f)$2,000,000 |
|
Medicare | 8,000 | $7,000 | (g)$56,000,000 | $2,500 | (h)$20,000,000 | (i)$36,000,000 |
| Total | 13,000 | (j)$80,000,000 | (k)$39,000,000 | (l)$41,000,000 |
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Management Fundamentals
Authors: Robert N. Lussier
9th Edition
154438419X, 978-1544384191
