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Insert Page Layout Formulas Data Review View X Cut Home Calibri (Body) -11 A ^ Av Wrap -- copy Format B I Paste CHAPTER 7: SERVICE LINE COSTING AND PRIONG 2Hamework 3.3, Chapter 4 Valley Forge has the following three payor groups: Variable Cost per Admission $3,000 Avg Revenue per S Payer 6 Commercial 7 PennCare 8 Medicare Admissions 2,000 5,000 9,000 6,000 5,000 7,000 10 The hospitals fixed costs are $40,000,000 12 13 a. Complete the following table, and, determine the hospital's net income. Avg Rev per Total Revenue by Admissiorn T TelVariable Contribution VCper Payer Admission Margin 14 15 Commercial 16 PennCare 17 Medicare 18 TOTAL 19 20 NET INCOME 21 23 24 25 26 27 28Explanation / Answer
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Admissions Average Revenue Per Admission Total Revenue by Payer Variable Cost Per Admission Total Variable Costs Contribution Margin Commercial 2,000.00 6,000.00 12,000,000.00 3,000.00 6,000,000.00 3,000.00 PennCare 5,000.00 5,000.00 25,000,000.00 3,500.00 17,500,000.00 1,500.00 Medicare 9,000.00 7,000.00 63,000,000.00 3,000.00 27,000,000.00 4,000.00 Total 16,000.00 100,000,000.00 50,500,000.00 Fixed Costs 40,000,000.00 Net Income 9,500,000.00