Palm Valley Hospital has the following financial data and operational metrics
Number of beds 350
Total inpatient admissions 12,250
Total outpatient visits 90,754
Total patient revenues $111,900,060
Outpatient mix 16.20%
Medicare payment percentage(revenues) 28.00%
Average Lenghth of stay (in days) 6.5
Net price per discharge $7653
Cost per discharge $6292
A) calculate the hospitals profit per discharge?
B) calculate the hospitals total outpatient revenue and the total inpatient revenues ( use the outpatient nmix metric)
C) verify your part B answer for total inpatient revenues using volume and profitability metrics.
D) what are the hospitals total revenues from Medicare patients?
E) on average, what is the total number of inpatient days?
F) what is the hospitals occupancy rate?