Question: Please answer questions 1 through 6. Please make sure to show all of your work (calculations/ formulas). Assignments submitted without calculations/ formulas will receive a

Please answer questions 1 through 6. Please make sure to show all of your work (calculations/ formulas). Assignments submitted without calculations/ formulas will receive a zero grade.

Wellhealth Medical Center is a 350-bed not-for-profit organization. In 2019, they had 78,250 inpatient days and 19,233 discharges. Wellhealths accounting system reporting $87,740,000 of inpatient service revenue and $84,865,000 of inpatient costs, with an inpatient workforce of 1,168 FTEs. The total salaries in 2019 were $66,022,575.

What is the medical center's occupancy rate as a percentage?

What is the medical center's average length of stay?

What is the medical center's average daily census?

What is the medical center's profit per discharge?

What is the medical center's inpatient FTEs per occupied bed?

What is the medical center's salary per FTE?

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What do they need to do differently?

What do they do well?

(2) How much recognition do people gain for doing a good job?