CHFP RATIOS EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED
Contractual Discount percentage
Deductions from Gross Patient Service Revenue divided by Gross Patient Services Revenue.
Markup
Gross Patient Services Revenue + Other Operating Revenue dividende by operating expenses.
Operating Margin
Total operating revenue — Operating Expense divided by Total Operating Revenue.
Non operating gains
Non operating Gains divided by Net Income.
Net Income
Revenues - Expenses
Reported income index
Net income divided by change in net assets.
Return on total assets
Net income/total assets
Return on Equity
Net income/Net assets
,Current ratio
Current assets divided by current liabilities
Quick Ratio
Cash + MKT Securities + Receivables
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Current Liabilities
Days Net Revenue in net Patient Accounts Receivable
Net patient accounts receivable/net patient revenue - bad debt expense
Days Cash on Hand formula
Cash +Marketable securities. + unrestricted LT investments/operating expenses- Depreciation/365
Total Asset Turnover
Total operating Revenue / Total Assets
Fixed Asset Turnover
Total operating revenue/net fixed Assets
Current Asset Turnover
Total operating revenue /current assets
Inventory Turnover
Total Operating Revenue /inventory
, Length of stay (LOS)
Total inpatient days /total discharges
Occupancy Rate
Total inpatient days /staffed beds x days in period
Case Mix Index
Sum of (Cases in each DRG x weight for that DRG) /Total cases
Adjusted Admissions
Total gross charges /inpatient charges x inpatient discharged.
Adjusted patient days
Total gross charges /inpatient charges x inpatient days
Average daily census
Inpatient days /365
case mix adjusted cost per patient
Cost per patient day / case mix index
Revenue Variance
Actual-Budget = Revenue Variance
Expense Variance
Budget-Actual = Expense Variance
835 record
COMPLETE SOLUTIONS VERIFIED
Contractual Discount percentage
Deductions from Gross Patient Service Revenue divided by Gross Patient Services Revenue.
Markup
Gross Patient Services Revenue + Other Operating Revenue dividende by operating expenses.
Operating Margin
Total operating revenue — Operating Expense divided by Total Operating Revenue.
Non operating gains
Non operating Gains divided by Net Income.
Net Income
Revenues - Expenses
Reported income index
Net income divided by change in net assets.
Return on total assets
Net income/total assets
Return on Equity
Net income/Net assets
,Current ratio
Current assets divided by current liabilities
Quick Ratio
Cash + MKT Securities + Receivables
________________________________
Current Liabilities
Days Net Revenue in net Patient Accounts Receivable
Net patient accounts receivable/net patient revenue - bad debt expense
Days Cash on Hand formula
Cash +Marketable securities. + unrestricted LT investments/operating expenses- Depreciation/365
Total Asset Turnover
Total operating Revenue / Total Assets
Fixed Asset Turnover
Total operating revenue/net fixed Assets
Current Asset Turnover
Total operating revenue /current assets
Inventory Turnover
Total Operating Revenue /inventory
, Length of stay (LOS)
Total inpatient days /total discharges
Occupancy Rate
Total inpatient days /staffed beds x days in period
Case Mix Index
Sum of (Cases in each DRG x weight for that DRG) /Total cases
Adjusted Admissions
Total gross charges /inpatient charges x inpatient discharged.
Adjusted patient days
Total gross charges /inpatient charges x inpatient days
Average daily census
Inpatient days /365
case mix adjusted cost per patient
Cost per patient day / case mix index
Revenue Variance
Actual-Budget = Revenue Variance
Expense Variance
Budget-Actual = Expense Variance
835 record
