Compute the target bed capacity of Cheswick Community Hospital ten years from now, based on the following information:
Assume current population of Cheswick Community Hospital’s service area = 145,000
Assume projected population increase of 8% in service area over next 10 years.
Assume a future admission rate per 1000 of 102.
Assume average length of stay of 4.7 days in ten years. Assume a target occupancy rate of 78% in 10 years.