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You have learned that a new approach to treating patients will result in a qualitydriven decrease in average length of stay from the current 4.2
You have learned that a new approach to treating patients will result in a qualitydriven decrease in average length of stay from the current 4.2 days to 3.3 days. All of the revenue in your 300-bed hospital is case based at a net revenue of $30,000 per case. Assuming that new patients will immediately occupy any beds that are emptied because of the improvement in service quality, how much added net revenue will you generate as a result of this improvement? For purposes of this problem, assume a 90% occupancy rate.
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