11.8% Are OP Surgery Cases above or below budget on a projected year to date bas
ID: 3144189 • Letter: 1
Question
11.8%
Are OP Surgery Cases above or below budget on a projected year to date basis? By what percent?
Have OP Surgery Cases grown in volume over last year? By what percent?
Are ED visits projected to be above budget for the month? Are they projected to be above budget for the year?
Imagine that there is another hospital within one mile of Local Hospital. Market data has shown that the annual number of ED visits in the community is unchanged. When you look at the prior year to date ED visits, would you say that Local Hospital is gaining market share or losing it? Why would you say that?
If you knew that surgical volume in the community was constant to last year, would you say that Local Hospital is gaining or losing market share?
Looking at total revenue, would you say that Local Hospital has a better projected month end, compared to budget, than have had related to the rest of the year? Why would you say that?
all $'s in 000's Projected Month End Prior Year-Month End Projected Year-to-Date Prior Year-to-Date VOLUME: Actual Budget Var Fav/ (Unf) % Fav/ (Unf) Actual Growth/ (Decline) %Growth/ (Decline) Actual Budget Var Fav/ (Unf) % Fav/ (Unf) Actual Growth/ (Decline) %Growth/ (Decline) Discharges 471 461 10 2.2% 477 (6) (1.3%) 5,349 5,320 29 0.5% 5,436 (87) (1.6%) Patient Days 1,849 1,740 109 6.3% 1,822 27 1.5% 20,580 20,352 228 1.1% 20,377 203 1.0% ALOS 3.93 3.77 (0.16) (4.2%) 3.82 (0.11) (2.9%) 3.85 3.83 (0.02) (0.5%) 3.75 (0.10) (2.7%) Observation Days 233 159 74 46.5% 232 1 0.4% 3,394 2,344 1,050 44.8% 2,611 783 30.0% Adj Discharges 945 907 38 4.2% 894 51 5.7% 10,850 10,297 553 5.4% 10,756 94 0.9% IP Surgery Cases 100 122 (22) (18.0%) 110 (10) (9.1%) 1,162 1,353 (191) (14.1%) 1,274 (112) (8.8%) OP Surgery Cases 175 235 (60) (25.5%) 185 (10) (5.4%) 1,948 2,253 (305) (13.5%) 2,197 (249) (11.3%) Total Surgery 275 357 (82) (23.0%) 295 (20) (6.8%) 3,110 3,606 (496) (13.8%) 3,471 (361) (10.4%) ED - Visits 3,200 3,035 165 5.4% 3,198 2 0.1% 33,682 34,112 (430) (1.3%) 37,841 (4,159) (11.0%) IP Revenue $18,006 $15,857 $2,149 13.6% $16,706 $1,300 7.8% $196,784 $183,886 $12,898 7.0% $181,147 $15,638 8.6% OP Revenue $18,107 $15,309 $2,797 18.3% $14,559 $3,548 24.4% $200,048 $169,407 $30,641 18.1% $173,702 $26,346 15.2% Total Revenue $36,112 $31,166 $4,946 15.9% $31,264 $4,848 15.5% $396,833 $353,293 $43,539 12.3% $354,849 $41,98411.8%
Explanation / Answer
Question:
Are OP Surgery Cases above or below budget on a projected year to date basis? By what percent? Have OP Surgery Cases grown in volume over last year? By what percent?
Answer: As the budget Op surgery cases were 2,253 . But the actual is 1,948 .which is 13.5% below the budgeted. Thus Local Hospital OP Surgery Cases fallen in volume over last year by 12.3%.
Question: Are ED visits projected to be above budget for the month? Are they projected to be above budget for the year?
Answer: ED visits projected budget for the month = 3,035
ED visits Actual for the month = 3,200
which is 165 more than the actual or 5.4% more than the actual.
For year to date actual is 33,682, Projected was 34,112. which is 430 or 1.3% less than the projected.
Question: Imagine that there is another hospital within one mile of Local Hospital. Market data has shown that the annual number of ED visits in the community is unchanged. When you look at the prior year to date ED visits, would you say that Local Hospital is gaining market share or losing it? Why would you say that?
Answer: As per the Prior year-to-date data the actual visits is 37,841 which is more by 4,159 or 11%. But the ED visits of the hospital has fallen in Month End data. But the Othere Hospital data is unchanged. It mean that Local Hospital is not gaining the market share Infact it loosing the market share.
Question: If you knew that surgical volume in the community was constant to last year, would you say that Local Hospital is gaining or losing market share?
Answer: Local Hospital is loosing becasue the Surgical volume fallen by 12.3 % Month to date data and hence loosing Market share..!!
Question: Looking at total revenue, would you say that Local Hospital has a better projected month end, compared to budget, than have had related to the rest of the year? Why would you say that?
Answer: For Month End
Revenue Budgeted = $31,166
Actual Revenue = $36,112
which is more by $4,946 or 15.9%
For year to Date
Actual = $396,833, Projected= $353,293 which is only 12.3% more than the budgeted.
Hence Local hospital has better projected month end as compared to year end.
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