Benchmarking for Decision-Making Discuss the following example: Your nursing home defines output as a patient day. The present volume is 18,000 patient days. The average cost per day is $95.00. Present revenues and costs are presented below. Patient-Days Amount Revenues: Charge Patients 6,000 $ 750,000 Fixed Price Patients 20,000 $ 1,800,000 Total Revenues 26,000 $ […]