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    Polytechnic State University Sanluis
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Category > Accounting Posted 20 Apr 2017 My Price 15.00

Revenues Worksheet, Mid-Year Review

 

Schumpert Medical Center

Revenues Worksheet, Mid-Year Review
 

Inpatient

          

Inpatient Product Line

Price/RWP

Forecasted RWPs

For FY11

Projected IP Revenue

For FY11

Actual RWPs

(FY11 YTD)

Actual IP Revenue

(FY11 YTD)

CIRC

$      6,010.65

724

$                 4,351,711

421

$                2,530,676

DIGEST

$      6,021.65

1,161

$                 6,988,125

636

$                3,830,402

ENT

$      6,001.65

130

$                    780,215

72

$                  433,948

GYN

$      6,013.65

219

$                 1,313,983

116

$                  697,128

MENTAL HEALTH

$         502.99

1,351

$                    679,539

736

$                  369,949

NERVOUS

$      6,103.65

228

$                 1,391,632

112

$                  682,744

NEWBORN

$      7,014.71

733

$                 5,141,782

433

$                3,033,900

OB

$      5,713.65

1,501

$                 8,576,189

868

$                4,960,622

ORTHO

$      6,084.18

631

$                 3,839,118

274

$                1,664,658

OTHER

$      6,018.14

2,152

$               12,951,037

800

$                4,813,961

RESP

$      6,118.73

677

$                 4,142,380

197

$                1,202,960

Total Inpatient Earnings

  

9,506

$               50,155,710

4,664

$              24,220,949
             
 

Actual IP Revenue

(FY11 YTD)

$                2,530,676

$                3,830,402

$                  433,948

$                  697,128

$                  369,949

$                  682,744

$                3,033,900

$                4,960,622

$                1,664,658

$                4,813,961

$                1,202,960

$              24,220,949
 
             
               

Schumpert Medical Center

Expenses Worksheet, Mid-Year Review
 

Inpatient

              

Inpatient Product Line

Budget/RWP

(FY10)

Actual RWPs

(FY10)

IP Expenses

(FY10)

Forecasted RWPs

(FY11)

FY11 Budget

(FY10+6% Inflation)

Actual RWPs

(FY11 YTD)

Actual IP Expenses

(FY11 YTD)

CIRC

$   5,475.81

690

$    3,778,309

724

$              4,202,356

421

$                2,472,822

DIGEST

$   5,476.81

1,105

$    6,051,875

1,161

$              6,737,188

636

$                4,356,173

ENT

$   5,477.81

124

$       679,248

130

$                 754,842

72

$                  462,822

GYN

$   5,478.81

208

$    1,139,592

219

$              1,268,947

116

$                  777,322

MENTAL HEALTH

$      498.78

1,287

$       641,930

1,351

$                 714,283

736

$                  400,730

NERVOUS

$   5,478.81

217

$    1,188,902

228

$              1,324,119

112

$                  675,173

NEWBORN

$   5,478.81

698

$    3,824,209

733

$              4,256,926

433

$                2,971,020

OB

$   5,478.81

1,430

$    7,834,698

1,501

$              8,717,115

868

$                5,472,892

ORTHO

$   5,478.81

601

$    3,292,765

631

$              3,664,557

274

$                1,771,063

OTHER

$   5,478.81

2,050

$   11,231,561

2,152

$             12,497,823

800

$                4,662,277

RESP

$   5,478.81

645

$    3,533,832

677

$              3,931,704

197

$                1,233,771

Total Inpatient Expenses

    

$   43,196,922

9,506

$             48,069,860

4,664

$              25,256,062
               
 

Actual RWPs

(FY11 YTD)

Actual IP Expenses

(FY11 YTD)

421

$                2,472,822

636

$                4,356,173

72

$                  462,822

116

$                  777,322

736

$                  400,730

112

$                  675,173

433

$                2,971,020

868

$                5,472,892

274

$                1,771,063

800

$                4,662,277

197

$                1,233,771

4,664

$              25,256,062

1. What was the hospital's original profit forecast (assume away any issues with depreciation, taxes, etc.)? Halfway through the fiscal year, what is the hospital's revised projection for FY11 profits?

Answer:

2. Which inpatient service lines are over budget? Which product lines are over budget after accounting for workload increases?

Answer:

3. What actions would you take at the mid-year point if you were a fee-for-service hospital? In other words, where are the problem areas on which you would focus your attention, and who might provide ideas for "best practices" based on their performance?

Answer:

4. What actions would you take at the mid-year point if you were a capitated hospital? In this case, the revenue spreadsheet would be replaced with an overall budget of $50 million with which to operate (rather than being able to bill for each episode of patient care). Federal, state, county, and city hospitals normally operate under a capped budget. Additionally, many HMOs also operate under a fixed Per Member, Per Month (PMPM) capitated process.

Answers

Alpha Geek
(8)
Status NEW Posted 20 Apr 2017 06:04 PM My Price 15.00

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Attachments

file 1492713197-variance_123.xls preview (376 words )
-----------Sum-----------mar-----------y V-----------ari-----------anc-----------e R-----------epo-----------rt -----------(FY-----------11 -----------YTD-----------)Ac-----------tua-----------l Q-----------uan-----------tit-----------y *----------- Ac-----------tua-----------l C-----------ost-----------Fle-----------xib-----------le -----------Bud-----------get----------- (B-----------ase-----------d o-----------n a-----------ctu-----------al -----------qua-----------nti-----------ty)-----------Act-----------ual----------- RW-----------PsA-----------ctu-----------al -----------Cos-----------t p-----------er -----------Uni-----------tAc-----------tua-----------lAc-----------tua-----------l R-----------WPs-----------(FY-----------11 -----------YTD-----------)(F-----------Y 1-----------1 Y-----------TD)-----------Ove-----------rhe-----------ad(-----------FY1-----------1 Y-----------TD)-----------421-----------$58-----------73.-----------69$-----------247-----------282-----------2.0-----------042-----------163-----------6$6-----------849-----------.33-----------$43-----------561-----------73.-----------006-----------367-----------2$6-----------428-----------.08-----------$46-----------282-----------2.0-----------072-----------116-----------$67-----------01.-----------05$-----------777-----------322-----------.00-----------116-----------736-----------$54-----------4.4-----------7$4-----------007-----------30.-----------007-----------361-----------12$-----------602-----------8.3-----------3$6-----------751-----------73.-----------001-----------124-----------33$-----------686-----------1.4-----------8$2-----------971-----------020-----------.00-----------433-----------868-----------$63-----------05.-----------18$-----------547-----------289-----------2.0-----------086-----------827-----------4$6-----------463-----------.73-----------$17-----------710-----------63.-----------002-----------748-----------00$-----------582-----------7.8-----------5$4-----------662-----------277-----------.00-----------800-----------197-----------$62-----------62.-----------80$-----------123-----------377-----------1.0-----------019-----------746-----------64$-----------252-----------560-----------65.-----------004-----------664-----------Pri-----------ce
1492713207-variance123.pdf
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