Reference no: EM131439348
Assignment: Business Plan for a Healthcare Organization
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 https://investors.gentiva.com/financials.cfm, 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.
|
Conduct research on a piece of music
: Conduct research on a piece of music that was performed at your event, preferably the piece you listened to for the proposal. Here are some questions you should consider answering in this section:What is known about this piece? Why was it written?..
|
|
Determinng the er modeling
: Cal Lutheran School of Management needs a database that tracks graduate student and alumni information. As a first step, your data model needs to track information about current students such as name, local address, major (or program) (e.g. IT, MB..
|
|
Discuss the significance of values-based leadership
: ORG-812: Discuss the significance of values-based leadership to the culture of an organization. How is the leader essential in communicating organizational values inside and outside of the organization?
|
|
Develop spreadsheet using the simple valuation function
: Develop a spreadsheet model for determining value, using the simple valuation function Value = D/(r - g), where r is the discount rate =10% and g is the growth rate = 4% and D is dividend = 1.25. Use a two-way data table to determine value if g va..
|
|
Would you recommend that gentiva health services increase
: How many more visits will the company generate if it accepts Medicare patients? Would you recommend that Gentiva Health Services increase its number of Medicare patients served? Why or why not?
|
|
Produce a count of the number of different minimum paths
: Explain how to modify Dijkstra's algorithm to produce a count of the number of different minimum paths from v to w, and if there is more than one path from v to w, find the path from with the fewest number of edges ar chosen
|
|
Examples where data mining techniques are being used
: 1. Give some examples where Data mining techniques are being used 2. Discuss different available tools and their benefits to the business industry
|
|
What rhetorical devices are being used
: For this paper, provide a brief analysis of all five sources using the techniques you learned in Week 4. This analysis should answer questions, such as: Who is the author? What is being stated? Who is the audience? Is the information adequately su..
|
|
Security of an organization resources
: What actions can a network or systems administrator take to ensure the security of an organization's resources on the LAN? Linux servers and workstations use a service called ip tables to implement a firewall. Do some research on this service and ..
|