4 questions module 3 homework assignment profit analysis in chapter 5 of fundamentals of healthcare finance you read about profit analysis

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4 questions module 3 homework assignment profit analysis in chapter 5 of fundamentals of healthcare finance you read about profit analysis

Module 3 Homework Assignment: Profit Analysis

In Chapter 5 of Fundamentals of Healthcare Finance, you read about profit analysis.

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Assignment —–

Health Care Finance

Module Three Assignment

Use the following information about Hospital X to answer the questions that follow (review chapter 5 for information about formulas used to calculate, and make sure to show all work for full credit):

Fixed Cost =$5,000,000

Variable Cost Per Patient Day =$500

Revenue Per Patient Day =$750

2013 Patient Days =34,000

1.(1 pt) What are the total costs for the organization?

2. (1 pt) Is the hospital making a profit or loss?What is the profit/ loss?

3. (1pt) What is the total contribution margin at 34,000 patient days?

4. (2pts) What is the volume breakeven in patient days using the cost information given?

 
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