Details of this Paper

Assignment 2: Business Plan for a Healthcare Organization




Question;Assignment 2;Business Plan for a Healthcare Organization;In Week 5, you need to work on two main tasks;The first task is: Source of Revenue: An Increase in the Medicare Patient;Population;The president of Gentiva Health Services is considering increasing her number;of Medicare patients served next year. However, to do so she must begin to use;RNs for client visits, which Medicare reimburses at $45 per visit. An RN costs;$35 per hour versus the current cost of $15 for an LPN or nurse?s aide. The;president believes she can increase her patient visits by 15% by accepting;Medicare patients. She is also aware that if she increases her Medicare;patients, the company?s administrative costs will increase by approximately;$10,000 per year because of the claims file complexity.;Using the Gentiva Health Services Statement of Income;, use the following volumes for your;calculations;Volume for the year;? Flexible budget: 6,000 visits;? Static budget: 5,945 visits;? Actual budget: 5,889 visits;Prepare a two-page report that addresses the following;1. How many more visits will the company generate if it accepts Medicare;patients?;2. What would be the estimated profit or loss associated with the Medicare;service line?;3. Would you recommend that Gentiva Health Services increase its number of;Medicare patients served? Why or why not?;The second task is: Business Plan;Review the quarterly report and develop a business plan for the organization for;its upcoming financial year. Be sure to include the following in your organized;business plan;? Organization segment;? Marketing segment;? Financial segment;? Projected cash flow statement;? Projected income statement;? Projected balance sheet;Feel free to take liberties with information needed that is not available in;the report.;You may find the quarterly report at;;Include all required tasks for this assignment in a Word document. Submit the Word document to the W5: Assignment 2;Dropbox.;Assignment 2 Grading Criteria Maximum Points;Determined, based on the budget statistics, how many more visits the company;will generate if it accepts Medicare patients. 25;Determined the estimated profit or loss associated with the Medicare service;line. 25;Made and defended your recommendation as to whether to increase the number of;Medicare patients served. 25;Developed the organization, marketing, and financial segments. 75;Developed the projected cash flow statement, income statement, and balance;sheet. 75;Presented an organized and well-thought-out business plan. 10;Presented a structured document free of spelling and grammatical errors.;Properly cited sources using APA format. 15;Total 250


Paper#51745 | Written in 18-Jul-2015

Price : $29