A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $700 for it. The second type akes 1 hour, and they charge $1050 for it. The third operation takes 2 hours, and they charge $1400 for it. The hospital can schedule p to 55 total operations per day. Moreover, they have 5 operating rooms, each of which can be used for 8 hours per day. Determine ow many of each type of operation the hospital would perform to maximize its revenue.

A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $700 for it. The second type akes 1 hour, and they charge $1050 for it. The third operation takes 2 hours, and they charge $1400 for it. The hospital can schedule p to 55 total operations per day. Moreover, they have 5 operating rooms, each of which can be used for 8 hours per day. Determine ow many of each type of operation the hospital would perform to maximize its revenue.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amountof $21,313.50. Outlier threshold for Medicare is $25,800. (a) John admitted hospital A for pancreas transplant. The charges for John’s treatment was 128,000. Cost to charge ratio for Hospital A was 0.10. How much payment hospital A would get from Medicare?
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