Importance of The Health Inpatient Occupancy Paper

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Understanding statistics for length of stay, bed turnover, occupancy ratio, etc. are important aspects of ensuring a functional, and profitable hospital that is able to serve patients optimally. Thankfully, there is software to compute this data, and even perform a certain degree of analysis. Even with this technology, however, it is important for health care managers to understand what is being calculated, why it is relevant, and how to use it.

Evaluation Title: Conclusions from Data

Assume the role of an operations manager at a small hospital.
Create a fictional data set.
Calculate the inpatient occupancy ratio based on your data. Show your work.
Explain why it is important for a health care manager to know the inpatient occupancy rate, and how that data can be used to make both clinical and business decisions.
Incorporate a minimum of two scholarly sources to support your explanation.
As an operations manager, you are often required to present data related to efficiency and profitability to the hospital’s Board of Directors. What data is important to highlight, and why?
Your completed assignment should be approximately 2 pages in length and should utilize at least two outside resources.