budget-sec3A_2

budget-sec3A_2 - Making the Calculations Volume and Revenue...

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Unformatted text preview: Making the Calculations: Volume and Revenue: William J. Ward, Jr., MBA 1 Making the Calculations: Volume and Revenue William J. Ward, Jr., MBA Johns Hopkins University 2 Operating Budget: Approaching It; Making Calculations ¡ Service volume ¡ Revenues ¡ Expenses Making the Calculations: Volume and Revenue: William J. Ward, Jr., MBA 2 3 Crunching the Numbers ¡ Systematized approach ¡ Paper worksheets ¡ Computer spreadsheets 4 Some Points to Keep in Mind ¡ Orderly progression ¡ Short-cuts have risks ¡ Audit trail ¡ Details . . . details . . . details ¡ Matrix approach Making the Calculations: Volume and Revenue: William J. Ward, Jr., MBA 3 5 Converting Data to Information 6 Converting Data to Information FTEs Rates Salaries Salary Budget Making the Calculations: Volume and Revenue: William J. Ward, Jr., MBA 4 7 A Quick Refresher ¡ Admissions x ALOS = Patient Days ¡ Patient Days / Admissions = ALOS ¡ Patient Days / Discharges = ALOS ¡ Calendar Days x ADC = Patient Days ¡ Patient Days / Calendar Days = ADC ¡ ALOS = Average Length of Stay...
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budget-sec3A_2 - Making the Calculations Volume and Revenue...

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