I was hunting around for a RANKIF function yesterday so I could rank a load of hospitals in terms of their cost per procedure.
Unfortunately RANKIF isn’t one of the available functions but I managed to achieve the same effect by utilising the SUMPRODUCT function.
I wrote a SUMPRODUCT tutorial some time ago indicating how the powerful function can act as a multi conditioned SUMIF formula but it seems it can also act as a multi conditioned RANKIF formula as well.
The formula I used to achieve the above ranking was:
Copied down the column it will return the number of organisations for a given procedure which have costs higher than the selected row. Adding 1 to the result just ensures that the highest cost organisation starts with a rank of 1 rather than 0.