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Using the data of problem 6 and assuming that the nursing home charges $100 per day, what would be the nursing home’s required volume (in patient days) in order to make $150,000 profit?
Assume that Old Gatorland and Badger Manor, two operators of nursing homes, have fiscal years that end at different times:say, one in June and one in December. Would this fact cause any problems when comparing ratios between the two businesses?
October 15, 2021What strategies would you use to advocate for a legislative change in your state to influence insurance coverage for this treatment.
October 15, 2021Using the data of problem 6 and assuming that the nursing home charges $100 per day, what would be the nursing home’s required volume (in patient days) in order to make $150,000 profit?
Using the data of problem 6 and assuming that the nursing home charges $100 per day, what would be the nursing home’s required volume (in patient days) in order to
make $150,000 profit?
MBA ACCOUNTING QUESTION
Assume that a certain nursing home has two categories of payers. Medicaid pays $60.00 per day and private pay patients pay the established per diem, but
approximately 10 percent of private-pay charges are not collected. If 50 percent of the patients are Medicaid and 50 percent are private pay, what rate must be set
to generate $150,000 in profit? Variable costs are $45.00 per day and fixed costs are expected to be $1,000,000. Expected volume is 50,000 patient days.
Using the data of problem 6 and assuming that the nursing home charges $100 per day, what would be the nursing home’s required volume (in patient days) in order to
make $150,000 profit?
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