Discussion post - 250-300 words - They talked about occupancy rates, patient mix, and payer mix - These are essentially all ratios used to monitor operations. Discuss specific ratios used in your work or home life, and how they are impactful.

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I need an explanation for this Health & Medical question to help me study.

Your book this week discussed several ways that leaders monitor operations in the health care field. They talked about occupancy rates, patient mix, payer mix, and several other factors. These are essentially all ratios used to monitor operations. Discuss specific ratios used in your work or home life, and how they are impactful. 

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Explanation & Answer

Monitoring Operations with Ratio Ratios are essential as they help individuals and organizations in value comparisons. Ratios allow organizations to determine the number or amount of certain components that will be adequate for a certain measure of activity (Gapenski, 2019). Ratios are applied in our everyday lives, both at home and at work and in many daily activities. The type of rati...

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