Healthcare Finance: how is understanding the breakeven point helpful for a manager in everyday operations management?
Healthcare Finance Discuss the following example: Your nursing home defines output as a patient day. The present volume is 18,000 patient days. The average cost per day is $95.00. Present revenues and costs are presented below. Patient-Days Amount Revenues:Charge Patients6,000$ 750,000Fixed Price Patients 20,000$ 1,800,000 Total Revenues26,000$ 2,550,000$ 98.08 Costs:Fixed Costs$ 1,170,000 Variable Costs$ 45.00$ … Read more