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.
Please download and complete Module 3 Assignment. Submit the completed assignment in the drop box by Sunday before midnight EST.
- Save your homework assignment using the following file-naming format to receive full credit: HSA3170_Mod 3HW_Last Name.
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?