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A Hospital has a budget of 75,795,000 and must reduce expenses by 12,000,000 in the upcoming...

A Hospital has a budget of 75,795,000 and must reduce expenses by 12,000,000 in the upcoming year so service lines must be eliminated.One group of board members want to prioritize lines by financial performance. (cut something ) and the second group want to maximize the number of patients served. Make two program budgets. A-Rank programs by the financial performance, what program (s) should be cut
B-Rank the programs by the cost per patient, What programs(s) should be cut to get the most patients seen

Total Total
Patients Revenue Cost
Pediatrics 500 $3,500,000 $3,400,000
Cardiology 400 12,000,000 11,800,000
Medicine 1,400 18,200,000 17,920,000
General surgery 500 11,500,000 11,375,000
Oncology 800 20,800,000 20,600,000
Psychiatry 500 4,000,000 4,250,000
Obstetrics 600 6,000,000 6,450,000
4,700 $76,000,000 $75,795,000
Total Total
Patients Revenue Cost
Pediatrics 500 3500000 3400000
Cardiology 400 12000000 11800000
General surgery 500 11500000 11375000
Psychiatry 500 4000000 4250000
Obstetrics 600 6000000 6450000
Oncology 800 20800000 20600000
Medicine 1400 18200000 17920000
4700 76000000 75795000



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jeff jeffy answered 1 year ago
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