Problem 7.6 page 216 Number of Beds 250 Total inpatient Admissions 12,250 Total
ID: 2771985 • Letter: P
Question
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 hospital's total inpatient and total outpatient revenue (hint apply patient mix metrics to total revenues)? B) Verify your answer for total inpatient revenue using volume and profitability metrics (hint, calculate price pr discharge). C) What are the hospital's total revenues from Medicare? D) What is the total number of inpatient days?
Explanation / Answer
A) Inpatient revenue = 111,900,050 * (1 - .162) = 937,72,242
Outpatient revenue = 111,900,050 * .162 = 181,27,808
B) Inpatient revenue verification;
Rate per discharge = 93772242 / 12250 = 7654.87
c) Medicare revnue = 11,900,050 * .28 = 3,332,014
d) Inpatient days = 12250 * 5.8 = 71,050