373.10 mg of medicine per week must be delivered to person X. If the nursing staff administers medication every eight hours exactly, how much medicine should be delivered at each visit?
Your nursing home defines output as a patient day. Its present volume is 26,000 patient days. The average cost per day is $90.00. Present revenues and costs are presented below:
Charge Patients (6,000 Patient Days) $750,000
Fixed-Price Patients (20,000 Patient Days) $1,800,000
Total Net Revenues $2,550,000
Fixed Costs $1,170,000
Variable Costs ($45/PD) $1,170,000
Total ($90/PD) $2,340,000
Net Income $210,000
Using this information, answer the following two questions:
What is the break-even in patient days for this nursing home, assuming no profit is required?
If volume goes up 10% to 28,600 patient days and payer mix is unchanged, what will net income be?