Question

Your book this week discussed several ways that leaders monitor operations in the health care field. They talked about occupancy rates, patient mix, payer mix, and several other factors. These are essentially all ratios used to monitor operations. Discuss specific ratios used in your work or home life, and how they are impactful.

Answer 1

Answer-

Ratios to be calculated are as follows-

1. Patient Per Day

2.Patient per Room Per day or Per bed

3. Patient per Operation

4. Medicine Per Patient

5. Food Per doctor and per Patient

All the Accumulated costs should be classified under three heads

1. Fixed Costs - Do not Change irrespective of level of output Eg- Rent .

2. Variable Costs- Change with respect of level of output- Eg wages.

3. Semi Variable Costs- Consist of fixed and variable cost. Method use to calculate is High low method

Operating cost per unit = Total Operating cost / Total units of Service

Note - Depend on the availability of data ratios will differ.