24 Aug focus on financing and budgeting issues of Golden Age Hospital (GAH )and the C
focus on financing and budgeting issues of Golden Age Hospital (GAH )and the Community Clinic.
4 PAGES
- define the following requirements and assumptions:
- Cost of facility construction, initial medical equipment, and instrumentation, will not be calculated – as they will be fully paid by the state as a grant.
- All senior patients will be above the age of 65, and will have only the Federal Medicare health insurance. Research the major constructs of Medicare health coverage as defined by the “Medicare Prospective Payment System.”
- The hospital and clinic will be financially balanced, that is, income from Medicare payments will cover in full all operating costs.
- “Medicare Prospective Payment System”
- The hospital is reimbursed by the government per procedure and/or treatment by a predefined sum and not by the actual expenses performed for and on a particular patient.
- For example – a patient requiring open heart surgery will utilize the services of physicians, nurses, OR, laboratory, pharmacy, and occupies a hospital bed on average for six days. If a certain patient is discharged after four days, the hospital will still be paid the six-day amount. Hence, the incentive to operate efficiently and effectively, enabling the hospital to “save money.”
- Based on the services you have decided to provide – at least six, complete the table (GAH Project)PLEASE TABLE IS ATTACHED BELOW.
- Input services/treatments in column A.
- Input estimated and rounded Medicare reimbursement to GAH (in thousands of dollars) for each treatment in column B (assign for each a figure between $10,000 to $60,000).
- Your instructor has inputted the projected number of procedures/treatments performed annually at GAH in column C.
- Calculate the total income for GAH by multiplying columns B*C in column D.
- Your instructor has inputted the GAH Projected Performance percentage, relative to the Federal standard (100%) in column E.
- Calculate the total GAH gain or loss by D-(D*E) in column F.
- Assume a $250,000 annual miscellaneous expense.
- Prepare (based on the table), a forecast of profit or loss for GAH for the first year of operation.
- Conclusions and Recommendations.
- Your instructor will comment on your table in his feedback to you, on the basis of which you will be able to further develop your project plan.
- Mission Hospital Regional Medical Center: Mission Hospital Regional Medical Center, and
- Children’s Hospital at Mission (CHM): Children’s Hospital at Mission (CHM)https://www.choc.org/choc-childrens-mission-hospital/
- The city of Laguna Woods (https://www.cityoflagunawoods.org/), is home to “Leisure World” (http://www.lagunawoodsvillage.com/), a retirement community of over 23,000 senior (55 years and above) residents.
- Cuellara, A. E. & Gertlerb, P.J. (2006). Strategic integration of hospitals and physicians. Journal of Health Economics. Volume 25, Issue 1, January 2006, Pages 1-28. http://faculty.haas.berkeley.edu/gertler/working_papers/hospital_vi_5_10_02.pdf
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.