3 page health care finance essay, business and finance homework help
3 page health care finance essay, business and finance homework help. In 2013, the Gastroenterology Clinic of Pearland Medical Center had revenue totaling $14,550,400. The Gastroenterology Clinic costs data for a 12-month period from January 2013 through December 2013 were reported as follows:
Month, 2013Number of
Patient Visits
Gastroenterology Clinic Costs, $
January
6,755
945,700
February
6,620
946,660
March
5,834
880,934
April
6,228
927,972
May
7,554
944,250
June
7,620
914,400
July
7,136
949,088
August
7,440
959,760
September
6,453
942,138
October
5,325
825,375
November
5,588
854,964
December
7,020
961,740Find the fixed and variable portion of costs using the high-low method.Calculate the contribution margin, the contribution margin ratio, and the per-visit revenue, costs, and operating income.Discuss the importance of computation of the contribution margin in evaluating the relationship of cost, volume, and profit.In deciding to continue (or to discontinue) a service, which revenues currently do not cover total cost, which is more important in the short run, variable cost or fixed cost? In the long run (with more service volume)? Why?
3 page health care finance essay, business and finance homework help
