Hospital A Hospital B Hospital C Patient days TYD: 20,000 20,000 20,000 Gross Dept expenses: $700,000...
|
Hospital A |
Hospital B |
Hospital C |
||||
|
Patient days TYD: |
20,000 |
20,000 |
20,000 |
|||
|
Gross Dept expenses: |
$700,000 |
$700,000 |
$700,000 |
|||
|
YTD Food Cost |
YTD Sales & Charges |
YTD Food Cost |
YTD Sales & Charges |
YTD Food Cost |
YTD Sales & Charges |
|
|
Floor stock, nourishments |
$15,000 |
$0.00 |
$15,000 |
$15,000 |
$15,000 |
$15,000 |
|
Internal catering |
$30,000 |
$0.00 |
$30,000 |
$30,000 |
$30,000 |
$75,000 |
|
Catering cash |
$10,000 |
$ 25,000 |
$10,000 |
$ 25,000 |
$10,000 |
$ 25,000 |
|
Cafeteria cash |
$68,000 |
$150,000 |
$68,000 |
$150,000 |
$68,000 |
$150,000 |
|
Vending cash |
$10,000 |
$ 20,000 |
$10,000 |
$ 20,000 |
$10,000 |
$ 20,000 |
Note: YTD = Year-to-Date
2. Which hospital has the lowest revenue per patient day?
Homework Answers
Ans:- In this question, we need to find the hospital that has the lowest revenue per patient day.
Patient day: - It is basically a time unit that is used to determine the cost to keep a patient for one day in the hospital.
First, we need to find the Total Revenue amount spend by Hospital A, B, and C.
Total Revenue Amount spend by the hospitals will be given by (Gross Dept Expenses + Total YTD Food cost + Total sales& charges
Total Revenue Spend by Hospital A
=$700000 + ( $15000 + $30000 +$10000 +$68000 + $10000) + ($25000 + $150000 + $20000) =$1028000
Revenue Spend by Hospital A per patient day will be given by
( Total Revenue Spend by A / Total unit of Patient day by hospital A)
= $1028000/20000 = $51.40
Revenue Spend by Hospital B
=$700000 +( $15000 + $30000 +$10000 +$68000 + $10000) + ( $15000 + $30000 + $25000 + $150000 + $20000) = $1073000.
Revenue Spend by Hospital B per patient day will be ( $1073000/20000) =$53.65
Revenue Spend by Hospital C
= $700000 +( $15000 + $30000 +$10000 +$68000 + $10000) +( $15000 +$75000+ $25000 + $150000 + $20000) =$1118000
Revenue Spent by Hospital C per patient day will be ($488000/20000) =$55.90
Therefore Hospital A has the lowest revenue on per patient day i.e $51.40
Add Answer to:
Hospital A
Hospital B
Hospital C
Patient days TYD:
20,000
20,000
20,000
Gross Dept expenses:
$700,000...
Hospital A Hospital B Hospital C Patient days TYD: 20,000 20,000 20,000 Gross Dept expenses: $700,000...
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Hospital A Hospital B Hospital C Patient days TYD: 20,000 20,000 20,000 Gross Dept expenses: $700,000...
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