Problem found in Fundamentals of Healthcare Finance 2nd ed. Show Work
General Hospital, a not â for â profit acute care facility, has estimated the following costs for its inpatient services:
Fixed costs $10,000,000
Variable cost per inpatient day $200
The hospital expects to have 15,000 inpatient days next year.
What is the hospitalâs underlying cost structure?
What are the hospitalâs expected total costs?
What are the hospitalâs estimated total cost at 12,500 inpatient days? At 17,500 inpatient days?
What is the average cost per inpatient day at 12,500, 15,00 and 17,500 inpatient days?
Problem found in Fundamentals of Healthcare Finance 2nd ed. Show Work
General Hospital, a not â for â profit acute care facility, has estimated the following costs for its inpatient services:
Fixed costs $10,000,000
Variable cost per inpatient day $200
The hospital expects to have 15,000 inpatient days next year.
What is the hospitalâs underlying cost structure?
What are the hospitalâs expected total costs?
What are the hospitalâs estimated total cost at 12,500 inpatient days? At 17,500 inpatient days?
What is the average cost per inpatient day at 12,500, 15,00 and 17,500 inpatient days?
Related questions
General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services:
| Fixed costs | $906829 |
| Variable cost per inpatient day | $22 |
| Charge (revenue) per inpatient day | $108 |
The hospital expects to have a patient load of 1583 inpatient days next year. Assume that 20 percent of the hospital's inpatient days come from a managed care plan that wants a 27 percent discount from charges. What is the change in profit if the hospital accepts the proposal?
