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Hospital Charges Case

In: Business and Management

Submitted By arizona802
Words 3718
Pages 15
Villafuerte
Devry University
Business Statistics
January 2012

·INTRODUCTION·
One of the most important roles of being a hospital manager is monitoring the hospital’s operation and sees to it that it remains profitable. This case analysis was conducted to: evaluate the physician’s performance in order to know whoever deserve to be granted an “admitting privileges”; to check which insurance have better coverage when it comes to payment of charges; and to determine what are the factors that affects the hospital’s revenue in order so make predictions if ever the Board keep the hospital operational what will the expected the profit and find ways on how to increase it. In the evaluating the physician’s performances we were able make an assumption that as the number of admission increases the total charges made also increases. Through comparison we found out that among the nine physicians Physician #10 delivered the most number of admissions and made the highest amount of total charges. Also, by further analysis we have strong evidence that out of the nine physicians, Physician #2 charges the most amount per patient which also contributed an increase in the hospital’s total collection. With these findings, we made a recommendation to the hospital’s Board that Physician #10 and #2 deserved to be awarded “admitting privileges”. It is said that the hospital’s revenue depend mostly to the amount that the patient’s insurance is willing to pay. As we analyzed the given data we derived with a conclusion that most of the patients that were admitted in the hospital have Managed Care Insurance. Consequently this finding tells us that the large amount of collection came from the said insurance. We can then tell the Board that we have enough statistical data to prove that in the future there is a possibility that hospital is looking for more admission of patients under

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