Breakeven Analysis: Great Lakes Hospital's Patient Day Volume

The breakeven volume can be calculated by dividing the fixed costs by the contribution margin per inpatient day.

The contribution margin per inpatient day is calculated as the revenue per inpatient day minus the variable cost per inpatient day:

Contribution margin per inpatient day = Revenue per inpatient day - Variable cost per inpatient day = $1,000 - $250 = $750.

Now, we can calculate the breakeven volume:

Breakeven volume = Fixed costs / Contribution margin per inpatient day = $15,000,000 / $750 = 20,000.

Therefore, the breakeven volume (in patient days) is 20,000.