End of the Chapter Problems page 214 Assignment 7.1 On a typical day, Park Place...
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Accounting
End of the Chapter Problems page 214 Assignment 7.1 On a typical day, Park Place Clinic writes $1,000 in checks. Generally, those checks take four days to clear. Each day the clinic typically receives $1,000 in checks, which take three days to clear. What is the clinics float?
Insert your response here.
Problem 7.6 page 216 Number of Beds 250 Total inpatient Admissions 12,250 Total outpatient visits 90,754 Total patient revenues $111,900,050 Outpatient mix 16.2% Medicare payment percentage (revenues) 28.0% Average Length of Stay 5.8 days Net price per discharge $7,653 Cost per discharge $6,292
a. What is the hospitals profit per discharge? Insert your response here.
b. What is the hospitals total inpatient and total outpatient revenue? (Hint: Apply patient mix metrics to total revenues.) Insert your response here.
c. Verify your part b answer for total inpatient revenue using volume and profitability metrics. (Hint: Calculate price per discharge) Insert your response here.
D. What are the hospitals total revenues from Medicare Patients? Insert your response here.
E. What is the total number of inpatient days? Insert your response here.
F. What is the hospitals occupancy rate? Insert your response here.
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