Question

HSA 304 Exdill 2 References Mailings Review View Mic A Upc E AaBbCcDdEe Aa Bb A. A A . = AaBbCcDdEe No Spacing ' Normal Heading 1 15. You are responsible for completing a budget for an Ambulatory Clinic. Here are the assumptions: INITIAL BUDGET The budget anticipated 15,000 inpatient days this year at an average of $500 per day. Inpatient expenses were budgeted at $450 per patient day. The budget anticipated 10,000 outpatient visits this year at an average of $350 revenue per visit. • Outpatient expenses were budgeted at $280 per visit. ACTUAL RESULTS • Assume that only 13,500 or 90%, of the inpatient days are going to actually be achieved for the year. The average revenue of $500 per day will be achieved for these 13,500 inpatient days. The outpatient visits will actually amount to 110% or 11,000 for the year. The average revenue of $350 per visit will be achieved for these 11,000 visits. Actual inpatient expenses will amount to $6,300,000 and actual outpatient expenses will amount to $3,500,000. d States)

Answer 1

Total Ambulatory Clinic Budgeted Statement Inpatient visits Outpatient visits $ 13,500 $ 11,000 $ 500 $ 350 $ 67,50,000 $ 38,50,000 (a) No. of patient days (b) Revenue per visit (c) Total Revenue (a*b) $ 1,06,00,000 (d) Expenses per patient day (e) Total expenses (a*d) $ $ 450 $ 60,75,000 $ 280 30,80,000 $ 91,55,000 (f) Budgeted Net income (c-e) $ 6,75,000 $ 7,70,000 $ 14,45,000