Solution-Include both inpatient and outpatient revenue and

Include both inpatient and outpatient revenue and expense

Reference no: EM13889849

Budget assumptions for this exercise include both inpatient and outpatient revenue and expense. Assumptions are as follows: As to the initial budget: The budget anticipated 30,000 inpatient days this year at an average of $650 revenue per day.

• Inpatient expenses were budgeted at $600 per patient day.

• The budget anticipated 10,000 outpatient visits this year at an average of $400 revenue per visit.

• Outpatient expenses were budgeted at $380 per visit. As to the actual results:

• Assume that only 27,000, or 90 percent, of the inpatient days are going to actually be achieved for the year.

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This small project of financial management required to prepared and statement showing gross income bas on the given instructions. This instrument were divided into four part each parts has its Owen method to compute gross income

Reference no: EM13889849

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Include both inpatient and outpatient revenue and expense

Reference no: EM13889849

Reference no: EM13889849

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