Reference no: EM131116826
PART 1: Net Revenue per Patient
Using the Patient Cost Analysis Form in the Appendix from your "Revenue Management Manual" text (Form A26), calculate your current costs per patient using the following information.
Total Number of Patients
|
16,245
|
Total Expenses
|
$568,758
|
Fixed Expenses
|
$389,600
|
Total Annual Revenue
|
$1,090,800
|
What is the Net Revenue per patient?
PART2: Reviewing the Budget
Use the Operating Budget A (Tab "Operating Budget A" in theOperating_Budget_11-11-14.xls file.
Compare the month of January to the Month of June.
A. Were these months over-budget or under-budget and why?
B. As an office manager what do you see that can be listed as issues in these months?
PART3: Preparing a Budget for 2012
Use Budget C (located on the 3rdtab "Budget C" in the Operating_Budget_11-11-14.xls file. ). Make the following adjustments and share your results:
A. Clinic Revenue is expected to grow by 3% due to the signing of a new managed care contract. What is the new (monthly) dollar amount for patient revenue due to the 3% increase?
B. The cost of expenses is expected to increase to 1.5%. What is the new (monthly) dollar amount for the cost of expenses?
C. A new roof is needed which will cost $50,000.
Prepare a new 12 month budget to show the 3% growth in patient revenue, the 1.5% cost of expenses and the cost of the new roof. You can use MS Excel, the 5th tab of the Operating_Budget_11-11-14.xls file titled "YOUR PART 3 ASSIGNMENT HERE";OR, you can use MS Word or Wordpad.
Attachment:- operating_budget_11-11-14_1.xlsx
Divergence between marginal private costs
: Air pollution from automobiles is an example of an externality, which means that there is a divergence between marginal private costs and marginal social costs.
|
Determine the component v0
: if the apex of the trajectory just clears the bar at A. (In general, must the mass center G of the jumper clear the bar during a successful jump?)
|
Calculate accounting profit and economic profit
: Suppose that a business incurred implicit cost of $200,000 and explicit cost of $1million in a specific year.if the firm sold 4,000 units utput at $300 per unit, calculate accounting profit and economic profit.
|
Distinguish between short- run and long-run production
: Distinguish between short- run and long-run production decisions and illustrate their impact on costs and economies of scale.
|
What is the net revenue per patient
: Using the Patient Cost Analysis Form in the Appendix from your "Revenue Management Manual" text (Form A26), calculate your current costs per patient using the following information. What is the Net Revenue per patient?
|
Examine the effect on market power
: The supply of oil is heavily influenced by the decisions of oil-rich countries such as Saudi Arabia and Kuwait. Producers with market power tend to restrict supply to force prices up. Examine the effect on this market power.
|
Portfolio exhibit good strategic fit
: Does Walt Disney's portfolio exhibit good strategic fit? What value chain match-ups do you see? What opportunities for skills transfer, cost sharing, or brand sharing do you see?
|
Importance of culturally appropriate health policies
: What is the importance of culturally appropriate health policies in a community?
|
About the performance appraisals
: Let’s say you are told you must implement this 360-degree appraisal on John. How would you go about doing this? What kinds of questions would you include on the appraisal, and who would you give it to? What kinds of feedback might you expect, and how..
|