(Answered) You have learned that a new approach to treating patients

Management Studies

You have learned that a new approach to treating patients will result in a quality-driven decrease in average length of stay from the current five days to four days. All of your revenue is case based at a net revenue of $20,000 each. Assuming that any beds emptied because of the improvement in service quality will be immediately occupied by new patients, how much added net revenue will you generate as a result of this improvement? For purposes of this problem, assume a 100% occupancy rate.

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Business Management, Management Studies

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