Assume a hospital admits 1,320 patients per month, the average length of stay is 4.5 days,...

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Assume a hospital admits 1,320 patients per month, the average length of stay is 4.5 days, the average price per admission is $9,400, and the average total cost per admission is $3,000. A) calculate the profit and profit margin the hospital will earn if 100% of patients are reimbursed under each of the following reimbursement systems using the format below. B) Calculate the composite profit the hospital will earn based on the given patient (or payer) mix. Reimbursement Payer mix 15% 5% 10% A. 75% of charges B. Cost C. Per Diem $750 per day D. Per case (DRG), $3,250 per admission 50% E. Capitation, $198 PMPM, 14,000 members 15% F. No pay 5% Gross revenue Contractual discount Net revenue Total expense Profit Profit margin If you use Excel to complete the problem, send your work with problem 1 to: Extra credit 1. Brawley categories a certain type of ER patient as a gomer who is a gomer? 2. In Chapter 10, Saving Mr. Huzjak, what is the issue that Dr. Brawley wants us to consider? 3. What is an "investigation new drug", and what are the arguments for and against licensing an investigation new drug, 4. In developing new drugs, there are Phase I, II, and III studies, what is the purpose of a phase III stuck I Assume a hospital admits 1,320 patients per month, the average length of stay is 4.5 days, the average price per admission is $9,400, and the average total cost per admission is $3,000. A) calculate the profit and profit margin the hospital will earn if 100% of patients are reimbursed under each of the following reimbursement systems using the format below. B) Calculate the composite profit the hospital will earn based on the given patient (or payer) mix. Reimbursement Payer mix 15% 5% 10% A. 75% of charges B. Cost C. Per Diem $750 per day D. Per case (DRG), $3,250 per admission 50% E. Capitation, $198 PMPM, 14,000 members 15% F. No pay 5% Gross revenue Contractual discount Net revenue Total expense Profit Profit margin If you use Excel to complete the problem, send your work with problem 1 to: Extra credit 1. Brawley categories a certain type of ER patient as a gomer who is a gomer? 2. In Chapter 10, Saving Mr. Huzjak, what is the issue that Dr. Brawley wants us to consider? 3. What is an "investigation new drug", and what are the arguments for and against licensing an investigation new drug, 4. In developing new drugs, there are Phase I, II, and III studies, what is the purpose of a phase III stuck I

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