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Statistic and Revenue Problems
Bayside hospital is projecting that their inpatient admissions must increase by 5% for next year. They project the current year will finish out at 10,000 admissions. What will the budget be for next year?
If their average length of stay is 5 days in the current year, how many days will they budget for next year, assuming no change in the length of stay? (days are calculated by multiplying average length of stay x the admissions)
How many days would they budget for if the assumed they were going to reduce average length of stay to 4.5 days?
Bayside currently spends $200 per day in medical supplies per patient day. Assuming they will experience a 3% increase in supply costs, what will they spend per patient day in the coming year?
If Bayside is going to have 11,000 admission next year with an average length-of-stay of 5 days per admission, what will the total supply budget be (using the cost per day calculated in question 4?
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Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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