Sacramento Memorial Hospital has the following financial data and operational metrics:
Sacramento Memorial Hospital has the following financial data and operational metrics:Number of beds 250Total inpatient admissions 12,250Total outpatient visits 90,754Total patient revenues $111,900,050Outpatient mix 16.2%Medicare payment percentage (revenues) 28.0%Average length of stay 5.8 daysNet price per discharge $7,653Cost per discharge $6,292a. What is the hospital’s profit per discharge?b. What is the hospital’s total inpatient and total outpatient revenue? (Hint: Apply patient mix metrics to total revenues.)c. Verify your Part b answer for total inpatient revenue using volume and profitability metrics. (Hint: Calculate price per discharge.)d. What are the hospital’s total revenues from Medicare patients?e. What is the total number of inpatient days?f. What is the hospital’s occupancy rate?