1. What is the collection period in days, given the following balance sheet and income statement information?

Average Inventory Balance @ 12/31/2016: $4,824,155

Average Accounts Receivable Balance @12/31/2016: $19,566,379

Cost of Goods Sold 2016: $18,564,122

Net Patient Services Revenue 2016: $223,179,011

(Round answer to nearest whole day,

1. The local hospital has a weekly payroll cycle. Total worked hours in the pay period were 780, and total paid hours were 858. How many worked FTEs for the pay period?

Which of the following is NOT an operating indicator?

a. Average length of stay

b. Days cash on hand

c. Outpatient revenue as a percentage of total patient revenue

d. Occupancy rate

2. The CFO of the local hospital was preparing the year end operating indicators report for the upcoming annual budgeting session. The following data was given: Use the following data to answer the following three questions.

Annual admissions = 8,686 Total patient days = 34,310

Total Gross Patient Service Revenues $846,321,476

I/P Gross Patient Service Revenue $211,580,369

O/P Gross Patient Service Revenue $634,741,107

1. What is the ALOS for the year? 

2. What are the number of Adjusted Admissions for the year?

3. What is the Average Daily Census for this period?

3. The hospital data analysis was asked by the CFO to determine the break-even point for purchasing a nuclear camera to perform nuclear stress test exams: Use the following data to answer the following four questions.

1. What is the Contribution Margin for this exam? Answer

(round to nearest whole dollar, 2 points)

2. What are the variable costs per exam?

3. What is Break Even Point in terms of number of exams?

4. What is the Break Even Point in terms of revenues?