Solution for QID #21742: Sacramento Memorial Hospital has the following financial dat | StudyHelpMe

Sacramento Memorial Hospital has the following financial data and operational metrics: Number of beds 250 Total inpatient admissions 12,250 Total outpatient admissions 90,754 Total outpatient 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 profit per discharge? b.) What is the hospital\'s total inpatient and total outpatient revenue? (Hint: Apply patient mix metrics to total revenues.) c.) Verify your Part b answer for total inpatient revenue using volume and profitability metrics. (Hint: Calculate price per discharge.) d.) What are the hospital\'s total revenues from Medicare patients? e.) What is the total number of inpatient days?