Compare the profitability ratios for Hightower Hospital with its industry benchmarks. Hightower has increased its patient volume, negotiated higher rates for its managed care contracts, and lowered its labor expenses by outsourcing several support services.
Revenue, expense and profitability ratios
1. Operating revenue per adjusted discharge
2. Operating expense per adjusted discharge
3. Salary and benefit expense as a percentage of total operating expense
4. Operating margin
5. Return on total assets
6. Non-operating revenue ratio
Industry Hightower (1) $5,900 (2) $5,700 (3) 52% (4) 0.02 (5)0.05 (6)0.08
Benchmark Hospital (1) $6,250 (2) $5,600 (3) 48% (4) 0.04 (5) 0.08 (6) 0.12
The categories go straight across instead of in this format but I have the number in comparison