Homework Answers
Ans - (a) Break-even = Fixed cost/ Weighted average contribution of all the DRGs
First of all, let's find the percentage of all the DRGs with respect to the total number of patients
Total Patients = 200+400+350 =950
Therefore weights or percentages of DRGs = Number of Patients of DRGs/Total No of patients
Therefore DRGs1 = 200/950=21.05%, DRGs2 =400/950=42.21%, DRGs3=350/950=36.84%
Now Contribution of DRGs = Price Per patient - Variable Cost
Therefore DRGs1 = 450-300= 150, DRGs2=1500-1200=300 DRGs3 =1150-900=250.
Now Total Average contribution of all the DRGs = Percentage of DRGs1*Contribution of DRGs1+Percentage of DRGs2*contribution of DRGs2+Percentage of DRGs3*Contribution of DRGs3
Please refer to the Picture below to find the complete answer of a and c
(b) Product mix of DRGs will remain to be constant irrespective of changes in the number of patients or volume. The percentage of patients with each DRGs will remain constant in the future irrespective of its changes in volume.
(c) Volumes of Individual DRGs will be Percentage of Drugs* Break Even Volume
Note- Here very excel function is being used. please put = sign before calculating and wherever percentage is given divide it by 100 don't put percentage sign you will get wright answer.
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