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You have learned that a new approach to treating patients will result in a quality-driven decrease...

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 the revenue in your 200-bed hospital is case based. Net revenue is $20,000 per case. The occupancy rate is 80% Assuming that new patients will immediately occupy any beds that are emptied because of the improvement in service quality, how much added net revenue will you generate as a result of this improvement?

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Answer #1
Assumed Hospital will function for 365 days in a year.
Total Number of beds 200
Existing Occupancy rate @80% 160
A Number of Case Existing (365/5) 73
B Existing revenue per case 20000 $
C Existing total Revenue (AxB) 1460000
Reduction in occupancy days due to Quality Improvement 1 Days
Number of Cases as per revised service days(365/4) 91
Increased number of Case Served due to Quality Improvement (91-73) 18
Added Net Revenue (18x $20000) 365000
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