7.6 Sacramento Memorial Hospital has the following annual financial data and operational metrics:Number of beds250Total inpatient admissions12,250Total outpatient visits90,754Total patient revenues$111,900,050Outpatient mix16.2%Medicare payment percentage (revenues)28.0%Average length of stay5.8 daysNet price per discharge$7,653Cost per discharge$6,292What is the hospital’s profit per discharge?What is the hospital’s total inpatient and total outpatient revenue? (Hint: Applypatient mix metrics to total revenues.)Verify your part b answer for total inpatient revenue using volume and profitability metrics.What are the hospital’s total revenues from Medicare patientsWhat is the total number of inpatient days?What is the hospital’s occupancy rate? (Hint: Start by calculating available bed days.)

First, I will calculate the Hospital’s profit per discharge, this calculation is shown below: Net…

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Practical Management Science

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7.6 Sacramento Memorial Hospital has the following annual financial data and operational metrics:

Number of beds	250
Total inpatient admissions	12,250
Total outpatient visits	90,754
Total patient 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

What is the hospital’s profit per discharge?
What is the hospital’s total inpatient and total outpatient revenue? (Hint: Applypatient mix metrics to total revenues.)
Verify your part b answer for total inpatient revenue using volume and profitability metrics.
What are the hospital’s total revenues from Medicare patients
What is the total number of inpatient days?
What is the hospital’s occupancy rate? (Hint: Start by calculating available bed days.)

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