Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Operations Mgt _Unit 5 Assignment 1

Operations Mgt _Unit 5 Assignment 1

Q The above table shows Phase-I of the budget. It contains the main heading of income. There are certain assumptions and strategies used when developing this particular phase. They are as follows: The amount had been considered on a yearly basis and in order to get the monthly budget, one has to divide each of the amounts by 12 (representing 12 months)*. Each of the heads contains certain amounts that are being classified in detail: Primary patients’ fees include those proceeds that are collected from hospitalized patients and include daily care and bed charges. Fees for medicines also include any charges related to saline bottles, syringes, needles, bedpan, and catheter and so on. Outpatient Department entertains patients coming for one time (or multiple times depending on the doctor’s prescription) consultation. For each patient a doctor treats, a proportion of the fees are paid to the hospital (varying from 10% to 15%) and a separate chamber usage charge every month ("What is Budgeting and Why is it Important? | My Money Coach", 2019). ***fees are shown high as they are not only collected from patients but also from insurance claims.

View Related Questions

Solution Preview

Patients for the year: It had been estimated that in one month, the 35 beds accommodate 70 to 80 different patients, with an average of 75 patients (on an average, a patient stays around 5 days to 16 days). Each day, 10 doctors attend the OPD and OPD remains open for 22 days a month. Each doctor treats 20 patients a day.