Financial Analysis
How can you assess the financial viability and merit of your program? What indications will inform you and others whether your financial strategies are likely to result in positive health outcomes for the population?
This week you continue to develop Assignment 3, applying the principles of cost-effectiveness, cost-utility, and cost-benefit to your program design process.
To prepare for this week’s section of Assignment 3:
- Review the information presented in the Learning Resources (see required reading list further down below).
- Apply the use of cost-effectiveness, cost-utility, or cost-benefit to your program design to determine whether the monies put into your program will result in positive health outcomes for the population.
To complete:
Write a 3- to 5-page paper* due by 22:00 tomorrow 1/17/18 in APA format with a minimum of 6 scholarly references (See Required Readings list below) that address the following:
1) Budget (developed in Week 7 [see attached file for that assignment])
a) Develop a simple revenue and expense budget for 6 months from start-up and develop a break-even analysis.
b) Articulate a justification for the revenue and expenses indicating where the funds are coming from to support the project and what resources the expenses are related to.
c) Explain any variance from the budget that is not budget neutral.
2) Financial Analysis (developed this week [see attached file for this assignment])
a) Articulate whether the monies put into the program will result in positive health outcomes for the population (resulting from your application of the use of cost-effectiveness, cost-utility, or cost-benefit to the program design process).
* Include tables or graphs in your paper to illustrate budget information.
P.S. Start this assignment with an introduction ending with a purpose statement and a conclusion as per the APA guidelines. Make sure to run this paper through TURNITIN to check for plagiarism.
Required Readings
Hodges, B. C., & Videto, D. M. (2011). Assessment and planning in health programs (2nd ed.). Sudbury, MA: Jones & Bartlett Learning.
· Review Chapter 4, “Program Planning: The Big Picture”
· Review Chapter 5, “Social Marketing, Program Planning, and Implementation”
As you review Chapter 4, focus on the budgeting information presented on pp. 113–115.
Kettner, P. M., Moroney, R. M., & Martin, L. L. (2017). Designing and managing programs: An effectiveness-based approach (5th ed.). Thousand Oaks, CA: Sage.
· Chapter 12, “Budgeting for Financial Control, Management, and Planning”
· Chapter 13, “Developing Line-Item, Functional, and Program Budgeting Systems”
· Chapter 10, “Performance Measurement, Monitoring, and Program Evaluation”
As you read this chapter, pay attention to the financial functions associated with these forms of evaluation and the data to be collected.
Chapter 12 introduces budgeting as an important part of the planning process, noting that it also serves essential management and control functions for programs. Chapter 13 addresses three systems of budgeting—line item, functional, and program—each of which has a distinct focus.
Gaskin, J., Rennie, C., & Coyle, D. (2015). Reducing periconceptional methylmercury exposure: Cost-utility analysis for a proposed screening program for women planning a pregnancy in Ontario, Canada. Environmental Health Perspectives, 123(12), 1337–1344 doi.org/10.1289/ehp.1409034.
Palumbo, M.V., Sikorski, E.A. & Liberty, B.C. (2013). Exploring the cost-effectiveness of unit-based health promotion activities for nurses. Workplace Health & Safety, 61(12), 514–520.
U.S. Small Business Administration. (n.d.). Writing a business plan. Retrieved December 12, 2011, from http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/writing-business-plan
The “Writing a Business Plan” section of this website introduces elements of a good business plan, which is an essential document for any program. Investigate the information presented. In addition, see the “Preparing Your Finances” section for information on break-even analysis and other budgeting-related matters.
Robbins, L.B., Pfeiffer, K.A., Weolek, S.M., & Lo, Y. (2014). Process evaluation for a school-based physical intervention for 6th and 7th grade boys: Reach, dose, and fidelity. Evaluation and Program Planning, 42, 21–31 doi.org/10.1016/j.evalprogplan.2013.09.002
Schalock, R.L., Lee, t., Verdugo, M., Swart, K., Claes, C., van Loon, J., & Lee, C. (2014). An evidence-based approach to organization evaluation and change in human service organizations evaluation and program planning. Evaluation and Program Planning, 45, 110–118.
Optional Resources
Dirubbo, N. E. (2006). Break-even analysis: Can I afford to do this? Nurse Practitioner, 31(7), 11.
This article briefly explains break-even analysis and its use in initiating new programs.
McBryde-Foster, M. J. (2005). Break-even analysis in a nurse-managed center. Nursing Economic$, 23(1), 31–34
This article explains how break-even analysis can be used in a nursing environment and how to apply it for program proposals.
U.S. National Library of Medicine. (2008). HTA 101: IV. Cost analysis methods. Retrieved from http://www.nlm.nih.gov/nichsr/hta101/ta10106.html
· Published by the National Institutes of Health, this site offers an explanation of the types of cost analysis including comparison of cost-utility, cost-effectiveness, and cost-benefits.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Finance And Management Case Study
/in Uncategorized /by developerCongratulations! Because you are distinguishing yourself as a skilled healthcare manager, your boss has asked you to consult with a local physicians group. Review the mini case study on page 150 of the textbook then create a journal assignment in which you provide one or more recommendations for ways the physician owners can improve profitability without raising rates. Your recommendations should apply the principles in Exhibit 6.5 on page 149 and Exhibit 6.6 on page 150.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Finance And Mangement
/in Uncategorized /by developerCapital Budget Expenditure- Purchase of a 3D ultrasound machine
Department: Gynecological & Obstetric department in Venice clinic
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Finance Management And Sustainability Methods Of The U S Health Care System
/in Uncategorized /by developerResearch the delivery, finance, management, and sustainability methods of the U.S. health care system. Evaluate the effectiveness of one or more of these areas on quality patient care and health outcomes. Propose a potential health care reform solution to improve effectiveness in the area you evaluated and predict the expected effect. Describe the effect of health care reform on the U.S. health care system and its respective stakeholders. Support your post with a peer-reviewed journal article.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Financial Analysis 19096915
/in Uncategorized /by developerFinancial Analysis
How can you assess the financial viability and merit of your program? What indications will inform you and others whether your financial strategies are likely to result in positive health outcomes for the population?
This week you continue to develop Assignment 3, applying the principles of cost-effectiveness, cost-utility, and cost-benefit to your program design process.
To prepare for this week’s section of Assignment 3:
To complete:
Write a 3- to 5-page paper* due by 22:00 tomorrow 1/17/18 in APA format with a minimum of 6 scholarly references (See Required Readings list below) that address the following:
1) Budget (developed in Week 7 [see attached file for that assignment])
a) Develop a simple revenue and expense budget for 6 months from start-up and develop a break-even analysis.
b) Articulate a justification for the revenue and expenses indicating where the funds are coming from to support the project and what resources the expenses are related to.
c) Explain any variance from the budget that is not budget neutral.
2) Financial Analysis (developed this week [see attached file for this assignment])
a) Articulate whether the monies put into the program will result in positive health outcomes for the population (resulting from your application of the use of cost-effectiveness, cost-utility, or cost-benefit to the program design process).
* Include tables or graphs in your paper to illustrate budget information.
P.S. Start this assignment with an introduction ending with a purpose statement and a conclusion as per the APA guidelines. Make sure to run this paper through TURNITIN to check for plagiarism.
Required Readings
Hodges, B. C., & Videto, D. M. (2011). Assessment and planning in health programs (2nd ed.). Sudbury, MA: Jones & Bartlett Learning.
· Review Chapter 4, “Program Planning: The Big Picture”
· Review Chapter 5, “Social Marketing, Program Planning, and Implementation”
As you review Chapter 4, focus on the budgeting information presented on pp. 113–115.
Kettner, P. M., Moroney, R. M., & Martin, L. L. (2017). Designing and managing programs: An effectiveness-based approach (5th ed.). Thousand Oaks, CA: Sage.
· Chapter 12, “Budgeting for Financial Control, Management, and Planning”
· Chapter 13, “Developing Line-Item, Functional, and Program Budgeting Systems”
· Chapter 10, “Performance Measurement, Monitoring, and Program Evaluation”
As you read this chapter, pay attention to the financial functions associated with these forms of evaluation and the data to be collected.
Chapter 12 introduces budgeting as an important part of the planning process, noting that it also serves essential management and control functions for programs. Chapter 13 addresses three systems of budgeting—line item, functional, and program—each of which has a distinct focus.
Gaskin, J., Rennie, C., & Coyle, D. (2015). Reducing periconceptional methylmercury exposure: Cost-utility analysis for a proposed screening program for women planning a pregnancy in Ontario, Canada. Environmental Health Perspectives, 123(12), 1337–1344 doi.org/10.1289/ehp.1409034.
Palumbo, M.V., Sikorski, E.A. & Liberty, B.C. (2013). Exploring the cost-effectiveness of unit-based health promotion activities for nurses. Workplace Health & Safety, 61(12), 514–520.
U.S. Small Business Administration. (n.d.). Writing a business plan. Retrieved December 12, 2011, from http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/writing-business-plan
The “Writing a Business Plan” section of this website introduces elements of a good business plan, which is an essential document for any program. Investigate the information presented. In addition, see the “Preparing Your Finances” section for information on break-even analysis and other budgeting-related matters.
Robbins, L.B., Pfeiffer, K.A., Weolek, S.M., & Lo, Y. (2014). Process evaluation for a school-based physical intervention for 6th and 7th grade boys: Reach, dose, and fidelity. Evaluation and Program Planning, 42, 21–31 doi.org/10.1016/j.evalprogplan.2013.09.002
Schalock, R.L., Lee, t., Verdugo, M., Swart, K., Claes, C., van Loon, J., & Lee, C. (2014). An evidence-based approach to organization evaluation and change in human service organizations evaluation and program planning. Evaluation and Program Planning, 45, 110–118.
Optional Resources
Dirubbo, N. E. (2006). Break-even analysis: Can I afford to do this? Nurse Practitioner, 31(7), 11.
This article briefly explains break-even analysis and its use in initiating new programs.
McBryde-Foster, M. J. (2005). Break-even analysis in a nurse-managed center. Nursing Economic$, 23(1), 31–34
This article explains how break-even analysis can be used in a nursing environment and how to apply it for program proposals.
U.S. National Library of Medicine. (2008). HTA 101: IV. Cost analysis methods. Retrieved from http://www.nlm.nih.gov/nichsr/hta101/ta10106.html
· Published by the National Institutes of Health, this site offers an explanation of the types of cost analysis including comparison of cost-utility, cost-effectiveness, and cost-benefits.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Financial Analysis Methods 19198679
/in Uncategorized /by developerOrganizations rely on financial statements to carry out important business decisions. The statements are typically compiled into a cohesive document, which allow managers to evaluate, based on various financial analysis methods. This process involves a comparison of ratio outcomes from the financial statements. Collectively, the ratios are used to execute financial analysis of business operations, to assess profitability and viability. This portion of the project requires you to apply financial analysis methods, choose the best method to evaluate financial outcomes for your case, and explain why this method should be used over other methods.
Submit a minimum 2-page report that:
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Financial Considerations 19493699
/in Uncategorized /by developerFinancial Considerations
Discuss the financial considerations, limitations, benefits associated with the development of the change project.
All submissions must have a minimum of two scholarly references to support your work.
Examples of work to show mastery:
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Financial Considerations 19493701
/in Uncategorized /by developerFinancial Considerations
Discuss the financial considerations, limitations, benefits associated with the development of the change project.
All submissions must have a minimum of two scholarly references to support your work.
Examples of work to show mastery:
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Financial Considerations 19493703
/in Uncategorized /by developerDiscuss the financial considerations, limitations, benefits associated with the development of the change project.
All submissions must have a minimum of two scholarly references to support your work.
Examples of work to show mastery:
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Financial Healthcare Management
/in Uncategorized /by developerCase Study: You are assessing the payer–patient mix for a health care organization. Currently, your payer mix is 40% Medicare, 10% Medicaid, 25% traditional indemnity insurance, 20% managed care, and 5% self-pay patients. Complete the following:
Using the most common office visit, CPT code 99214, determine the reimbursement from the Centers for Medicare and Medicaid Services (online fee schedule available for Medicare).
Using the same CPT code, 99214, determine the be possible to obtain actual reimbursement information from your personal insurance carrier. If the information is not available, assume reimbursement by traditional indemnity insurance is usually 200% reimbursed more than Medicare and Medicaid, and managed care is usually 133% more than Medicare and Medicaid.
Compose an accounts receivable benchmark from this information showing columns for current, 30–60, 61–90, 90–120, and greater than 120 days.
Assess the information for areas of improved reimbursement of at least 20% or more.
Evaluate the options available to change the payer–patient mix with consideration of related legal and ethical issues.
Propose a best strategy with justification and rationale based on effective decision-making tenets.
Spreadsheets demonstrating the accounts receivable analysis will be attached as appendices, and there will be at least 7 relevant peer-reviewed academic or professional references published within the past 5 years. Also attach appropriate fee schedules.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Financial Influences
/in Uncategorized /by developerIn 1-2 Paragraphs give an answer
The U.S. Presidential Administration of Barack Obama passed the controversial Patient Protection and Affordable Care Act (ACA). The Affordable Care Act (ACA) is one of the many influences that impact the financial structure of healthcare today. It addresses three balancing goals within the United States’ health care system: 1.) access, 2.) costs, and 3.) quality. Based on your perception of the Act’s purpose, do you think all three goals can be effectively reached? For example, can you increase access and reduce costs while increasing quality? What are other financial influences that relate to ACA or controversial health care issues? Explain your point-of-view and compare your findings to at least one other classmate’s.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"