End of the Chapter Problems page 214 Assignment 7.1 On a typical day, Park Place
ID: 2774914 • Letter: E
Question
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 clinic’s float?
Insert your response here.
1,000 * 3= 3,000
2,00 = the net balance at the bank
Problem 7.6 page 216
a.What is the hospital’s profit per discharge?
Insert your response here.
b.What is the hospital’s 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 hospital’s 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 hospital’s occupancy rate?
Insert your response here.
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 clinic’s float?
Insert your response here.
1,000 * 3= 3,000
2,00 = the net balance at the bank
Problem 7.6 page 216
a.What is the hospital’s profit per discharge?
Insert your response here.
b.What is the hospital’s 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 hospital’s 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 hospital’s occupancy rate?
Insert your response here.
Explanation / Answer
ANS 7.1 NET FLOAT= DISBURSEMENT FLOAT-COLLECTION FLOAT= 4*$1000-3*$1000=$1000
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