[ucodegen]

Where did you get the 13 RN number again? RN makes ~$35/hr right now.

I took the yearly salary of $80k.. but here it is:
$90,000 = 1 month at 3000/day
$3,500 = nursing home equivalent
$80,000 = RN salary (35/hour comes to about $65k/yr)
($90,000 – $3,500)/($80,000/12) = 12.975
I used a higher RN salary to compensate for benis etc. I was not dividing it into shifts (3).. which would bring 4.325 nurses attending to one and only one patient.

Right off, you have a problem with your figures when applied to 1 RN handling 4 patients. You forgot that you have to divide your $35k-$40k/month by 4 because 1 RN serves 4 patients. This comes to $8,750 – $10,000 burdened per month or $292 to $333 per day in nursing costs. This is way below the charged $3000/day for the room.

If you have 13 dedicated nurse per patient, you’re looking at nursing cost of $105k/month.

I had $90,000 but the difference between the $105k and $90k is insignificant compared to how much it is higher than actual nursing costs. You don’t have 13 nurses dedicated to one patient.. you have 1 RN + a few CNA/LVNs dedicated to 4 patients (Scripps example)

[ucodegen]

Where did you get the 13 RN number again? RN makes ~$35/hr right now.

I took the yearly salary of $80k.. but here it is:
$90,000 = 1 month at 3000/day
$3,500 = nursing home equivalent
$80,000 = RN salary (35/hour comes to about $65k/yr)
($90,000 – $3,500)/($80,000/12) = 12.975
I used a higher RN salary to compensate for benis etc. I was not dividing it into shifts (3).. which would bring 4.325 nurses attending to one and only one patient.

Right off, you have a problem with your figures when applied to 1 RN handling 4 patients. You forgot that you have to divide your $35k-$40k/month by 4 because 1 RN serves 4 patients. This comes to $8,750 – $10,000 burdened per month or $292 to $333 per day in nursing costs. This is way below the charged $3000/day for the room.

If you have 13 dedicated nurse per patient, you’re looking at nursing cost of $105k/month.

I had $90,000 but the difference between the $105k and $90k is insignificant compared to how much it is higher than actual nursing costs. You don’t have 13 nurses dedicated to one patient.. you have 1 RN + a few CNA/LVNs dedicated to 4 patients (Scripps example)

[ucodegen]

Where did you get the 13 RN number again? RN makes ~$35/hr right now.

I took the yearly salary of $80k.. but here it is:
$90,000 = 1 month at 3000/day
$3,500 = nursing home equivalent
$80,000 = RN salary (35/hour comes to about $65k/yr)
($90,000 – $3,500)/($80,000/12) = 12.975
I used a higher RN salary to compensate for benis etc. I was not dividing it into shifts (3).. which would bring 4.325 nurses attending to one and only one patient.

Right off, you have a problem with your figures when applied to 1 RN handling 4 patients. You forgot that you have to divide your $35k-$40k/month by 4 because 1 RN serves 4 patients. This comes to $8,750 – $10,000 burdened per month or $292 to $333 per day in nursing costs. This is way below the charged $3000/day for the room.

If you have 13 dedicated nurse per patient, you’re looking at nursing cost of $105k/month.

I had $90,000 but the difference between the $105k and $90k is insignificant compared to how much it is higher than actual nursing costs. You don’t have 13 nurses dedicated to one patient.. you have 1 RN + a few CNA/LVNs dedicated to 4 patients (Scripps example)

[ucodegen]

ucodegen, one other factor I can think of for the cost difference is room occupancy. Hospital are usually not at 100% room occupancy most of the time. There are fixed cost that they still have to pay regardless of how full they are

50% occupancy will only double the cost, 33% occupancy multiplies the cost by 3.. to get a 10x multiplier, you need the occupancy at 10%… cost increase will be the inverse of occupancy because same costs spread over fewer people.. the result being that the greater costs are still not explained. When my mother went to Glendale Adventists, occupancy was about 80%. Almost all the rooms had at least one if not two people in them. True, you have to keep nurses staffed up, but there still is a problem because the ratio difference can support almost 13 full time RNs dedicated to one individual.

I know someone who works at a non-profit hospital and yet, their budget is also very tight. So, it’s not as lucrative as you think it is.

Not for the RNs, technicians etc working within.. but Glendale Adventists(a non profit) has similar room costs to a for-profit.. I think the money is going elsewhere than to the RNs, technicians.. etc. I know that companies portray the budget as tight even when it may not be. The company I was laid off from declared a greater profit the next quarter (except for one-time costs). There is really a big difference between what the budget is and what amount of money may really be available.

Maybe a publicly traded hospital might have their cost structure for you to see in their earning report.

It is not broken out to the detail I need.. I would want the detail that a Corporate or Tax auditor would want… show me the receipts.. 😎

[ucodegen]

ucodegen, one other factor I can think of for the cost difference is room occupancy. Hospital are usually not at 100% room occupancy most of the time. There are fixed cost that they still have to pay regardless of how full they are

50% occupancy will only double the cost, 33% occupancy multiplies the cost by 3.. to get a 10x multiplier, you need the occupancy at 10%… cost increase will be the inverse of occupancy because same costs spread over fewer people.. the result being that the greater costs are still not explained. When my mother went to Glendale Adventists, occupancy was about 80%. Almost all the rooms had at least one if not two people in them. True, you have to keep nurses staffed up, but there still is a problem because the ratio difference can support almost 13 full time RNs dedicated to one individual.

I know someone who works at a non-profit hospital and yet, their budget is also very tight. So, it’s not as lucrative as you think it is.

Not for the RNs, technicians etc working within.. but Glendale Adventists(a non profit) has similar room costs to a for-profit.. I think the money is going elsewhere than to the RNs, technicians.. etc. I know that companies portray the budget as tight even when it may not be. The company I was laid off from declared a greater profit the next quarter (except for one-time costs). There is really a big difference between what the budget is and what amount of money may really be available.

Maybe a publicly traded hospital might have their cost structure for you to see in their earning report.

It is not broken out to the detail I need.. I would want the detail that a Corporate or Tax auditor would want… show me the receipts.. 😎

[ucodegen]

ucodegen, one other factor I can think of for the cost difference is room occupancy. Hospital are usually not at 100% room occupancy most of the time. There are fixed cost that they still have to pay regardless of how full they are

50% occupancy will only double the cost, 33% occupancy multiplies the cost by 3.. to get a 10x multiplier, you need the occupancy at 10%… cost increase will be the inverse of occupancy because same costs spread over fewer people.. the result being that the greater costs are still not explained. When my mother went to Glendale Adventists, occupancy was about 80%. Almost all the rooms had at least one if not two people in them. True, you have to keep nurses staffed up, but there still is a problem because the ratio difference can support almost 13 full time RNs dedicated to one individual.

I know someone who works at a non-profit hospital and yet, their budget is also very tight. So, it’s not as lucrative as you think it is.

Not for the RNs, technicians etc working within.. but Glendale Adventists(a non profit) has similar room costs to a for-profit.. I think the money is going elsewhere than to the RNs, technicians.. etc. I know that companies portray the budget as tight even when it may not be. The company I was laid off from declared a greater profit the next quarter (except for one-time costs). There is really a big difference between what the budget is and what amount of money may really be available.

Maybe a publicly traded hospital might have their cost structure for you to see in their earning report.

It is not broken out to the detail I need.. I would want the detail that a Corporate or Tax auditor would want… show me the receipts.. 😎

[ucodegen]

ucodegen, one other factor I can think of for the cost difference is room occupancy. Hospital are usually not at 100% room occupancy most of the time. There are fixed cost that they still have to pay regardless of how full they are

50% occupancy will only double the cost, 33% occupancy multiplies the cost by 3.. to get a 10x multiplier, you need the occupancy at 10%… cost increase will be the inverse of occupancy because same costs spread over fewer people.. the result being that the greater costs are still not explained. When my mother went to Glendale Adventists, occupancy was about 80%. Almost all the rooms had at least one if not two people in them. True, you have to keep nurses staffed up, but there still is a problem because the ratio difference can support almost 13 full time RNs dedicated to one individual.

I know someone who works at a non-profit hospital and yet, their budget is also very tight. So, it’s not as lucrative as you think it is.

Not for the RNs, technicians etc working within.. but Glendale Adventists(a non profit) has similar room costs to a for-profit.. I think the money is going elsewhere than to the RNs, technicians.. etc. I know that companies portray the budget as tight even when it may not be. The company I was laid off from declared a greater profit the next quarter (except for one-time costs). There is really a big difference between what the budget is and what amount of money may really be available.

Maybe a publicly traded hospital might have their cost structure for you to see in their earning report.

It is not broken out to the detail I need.. I would want the detail that a Corporate or Tax auditor would want… show me the receipts.. 😎

[ucodegen]

ucodegen, one other factor I can think of for the cost difference is room occupancy. Hospital are usually not at 100% room occupancy most of the time. There are fixed cost that they still have to pay regardless of how full they are

50% occupancy will only double the cost, 33% occupancy multiplies the cost by 3.. to get a 10x multiplier, you need the occupancy at 10%… cost increase will be the inverse of occupancy because same costs spread over fewer people.. the result being that the greater costs are still not explained. When my mother went to Glendale Adventists, occupancy was about 80%. Almost all the rooms had at least one if not two people in them. True, you have to keep nurses staffed up, but there still is a problem because the ratio difference can support almost 13 full time RNs dedicated to one individual.

I know someone who works at a non-profit hospital and yet, their budget is also very tight. So, it’s not as lucrative as you think it is.

Not for the RNs, technicians etc working within.. but Glendale Adventists(a non profit) has similar room costs to a for-profit.. I think the money is going elsewhere than to the RNs, technicians.. etc. I know that companies portray the budget as tight even when it may not be. The company I was laid off from declared a greater profit the next quarter (except for one-time costs). There is really a big difference between what the budget is and what amount of money may really be available.

Maybe a publicly traded hospital might have their cost structure for you to see in their earning report.

It is not broken out to the detail I need.. I would want the detail that a Corporate or Tax auditor would want… show me the receipts.. 😎

[ucodegen]

If some stranger approached you in the street and offered to sell you a car for $100, and he had keys & what looked like a legit title, would you go for it? Clearly an awesome deal. He’ll even let you inspect the car and make sure that it has seats, a steering wheel and an engine. All you have to do is fork over $100.

Tongue in cheek here..

Depends upon the car, condition and title. Unfortunately I have an unfair advantage. I have worked on cars since I was a very young kid, doing repairs w/o supervision when I was 14.. (first one was a waterpump). I would be in the equivalent position of a coin collector on this one…

[ucodegen]

If some stranger approached you in the street and offered to sell you a car for $100, and he had keys & what looked like a legit title, would you go for it? Clearly an awesome deal. He’ll even let you inspect the car and make sure that it has seats, a steering wheel and an engine. All you have to do is fork over $100.

Tongue in cheek here..

Depends upon the car, condition and title. Unfortunately I have an unfair advantage. I have worked on cars since I was a very young kid, doing repairs w/o supervision when I was 14.. (first one was a waterpump). I would be in the equivalent position of a coin collector on this one…

[ucodegen]

If some stranger approached you in the street and offered to sell you a car for $100, and he had keys & what looked like a legit title, would you go for it? Clearly an awesome deal. He’ll even let you inspect the car and make sure that it has seats, a steering wheel and an engine. All you have to do is fork over $100.

Tongue in cheek here..

Depends upon the car, condition and title. Unfortunately I have an unfair advantage. I have worked on cars since I was a very young kid, doing repairs w/o supervision when I was 14.. (first one was a waterpump). I would be in the equivalent position of a coin collector on this one…

[ucodegen]

If some stranger approached you in the street and offered to sell you a car for $100, and he had keys & what looked like a legit title, would you go for it? Clearly an awesome deal. He’ll even let you inspect the car and make sure that it has seats, a steering wheel and an engine. All you have to do is fork over $100.

Tongue in cheek here..

Depends upon the car, condition and title. Unfortunately I have an unfair advantage. I have worked on cars since I was a very young kid, doing repairs w/o supervision when I was 14.. (first one was a waterpump). I would be in the equivalent position of a coin collector on this one…

[ucodegen]

If some stranger approached you in the street and offered to sell you a car for $100, and he had keys & what looked like a legit title, would you go for it? Clearly an awesome deal. He’ll even let you inspect the car and make sure that it has seats, a steering wheel and an engine. All you have to do is fork over $100.

Tongue in cheek here..

Depends upon the car, condition and title. Unfortunately I have an unfair advantage. I have worked on cars since I was a very young kid, doing repairs w/o supervision when I was 14.. (first one was a waterpump). I would be in the equivalent position of a coin collector on this one…

[ucodegen]

However, if someone is filming you on camera and is making a pitch, chances are it isn’t a scam but rather an experiment.

Or to make fun of how gullible you are on youtube…

But I don’t think that was the point of the video.

True it wasn’t.. it was trying to figure out how many people are aware of the current price of gold.. If you noticed, he said that maybe he should of done the experiment in his backyard where people are less aware of the current price of gold. I think he salvaged some of it by cutting out where he asked people what the price of gold was. Unfortunately he asked the question in terms of buying what might have been a $50 gold coin for $50, or maybe the coin was a fake.. instead of trying to find what the current value of gold is.

In reality, gold is not ‘real money’ either. It has its own value that changes relatively to other commodities. There is also platinum, silver, oil.. all which can be exchanged for gold or dollars, euros.. at continually changing exchange rates.

[ucodegen]

However, if someone is filming you on camera and is making a pitch, chances are it isn’t a scam but rather an experiment.

Or to make fun of how gullible you are on youtube…

But I don’t think that was the point of the video.

True it wasn’t.. it was trying to figure out how many people are aware of the current price of gold.. If you noticed, he said that maybe he should of done the experiment in his backyard where people are less aware of the current price of gold. I think he salvaged some of it by cutting out where he asked people what the price of gold was. Unfortunately he asked the question in terms of buying what might have been a $50 gold coin for $50, or maybe the coin was a fake.. instead of trying to find what the current value of gold is.

In reality, gold is not ‘real money’ either. It has its own value that changes relatively to other commodities. There is also platinum, silver, oil.. all which can be exchanged for gold or dollars, euros.. at continually changing exchange rates.

[Author]

Posts