Chemed (FRA:CXM) Occupancy Rate % : 0.00% (As of . 20)

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What is Chemed Occupancy Rate %?

Occupancy Rate % shows the actual utilization of an inpatient health facility for a given time period.

The historical rank and industry rank for Chemed's Occupancy Rate % or its related term are showing as below:

FRA:CXM's Occupancy Rate % is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median:
* Ranked among companies with meaningful Occupancy Rate % only.

Chemed Occupancy Rate % Historical Data

The historical data trend for Chemed's Occupancy Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Chemed Occupancy Rate % Chart

Chemed (FRA:CXM) Occupancy Rate % Calculation

To calculate Occupancy Rate %, we use inpatient days of care and bed days available. Inpatient days of care is the sum of each daily inpatient census for the year. Bed days available is the maximum number of inpatient days of care that would have been provided if all beds were filled during the year. The formula is:

Occupancy Rate %

( Inpatient Days of Care

Bed Days Available )

100 %

Chemed (FRA:CXM) Occupancy Rate % Explanation

Occupancy Rate % is a calculation used to show the actual utilization of an inpatient health facility for a given time period. The occupancy rate reflects the degree to which hospital beds have been utilized even though the number of beds may have changed during the reporting period.

The average occupancy rate of community (that is, non-Federal, short-term general) hospitals is about 76%. We can recognize a hospital with a too-low occupancy rate as inefficient; such a hospital may find it hard to meet its profit goals. However, a constantly high occupancy rate may not be a good sign, either. Very high occupancy rates may reflect that the hospital is under great pressure from medical and labor sources. Thus, a reasonable occupancy rate is more acceptable than a high one.

Chemed Occupancy Rate % Related Terms

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Chemed (FRA:CXM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Chemed Corp (FRA:CXM) » Definitions » Occupancy Rate %

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CHE:USA

Address

255 East Fifth Street, Suite 2600, Cincinnati, OH, USA, 45202-4726

Website

https://www.chemed.com

Chemed Corp operates subsidiaries in two main segments: VITAS and Roto-Rooter. The VITAS segment generates the majority of the firm's revenue. It provides hospice and palliative-care services to patients with terminal illnesses through a network of physicians, registered nurses, home health aides, social workers, and volunteers. The vast majority of the segment's revenue is received from the Medicare and Medicaid reimbursement programs. The Roto-Rooter segment provides plumbing, drain cleaning, water restoration, and related services to residential and commercial customers. Chemed generates the majority of its revenue from business in the United States.