The Valley Hospital measures the in-patient occupancy of the hospital by determining the number of patient days
Question:
The Valley Hospital measures the in-patient occupancy of the hospital by determining the number of patient days divided by the number of available bed days in the hospital for a time period. The following in-patient data are available for the months of April, May, and June:
April May June
Admitted patients……………............……..…1,440………1,860…………2,250
Average length of stay per patient…4.0 days……3.5 days……...3.0 days
The hospital has 200 rooms. One hundred rooms are private and have a single bed per room.
The other hundred rooms are semi-private with two beds per room.
A. Determine the number of in-patient days for each month.
B. Determine the available bed days rate for each month.
C. Determine the occupancy rate for each month.
D. Interpret the results in (C).
Step by Step Answer:
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac