Nursing, Laboratory, Pharmacy & Radiology, engineering homework help

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INSTRUCTIONS:

1 Describe the mission, assumptions and objectives for the upcoming budget year for the departments involved. (Nursing, Laboratory, Pharmacy & Radiology)

2 Establish statistics volume projections for the budget year 2015 for all four (4) departments.

3 Establish a position control plan for the new Psychiatric Unit. (Part of Nursing)

4 Establish a position control plan for nursing and laboratory.

5 Complete expense item for laboratory & radiology for 2015.

6 Project the expected net revenue for all Medicare, HMO, and all Other Insurance patients.

 The percentage breakdown of patients by
payor mix is as follows:

Medicare 
51%

 
Blue
Cross 
16%

 
Medical
Asst 
08%

 
HMO 
10%

 
Commercial INS 
07%

 
Other 
05%

 
Self
Pay 
03%

 
Total 
  100%

In the new fiscal year, the hospital plans to:

1  Establish a separate distinct 15-bed inpatient
psychiatric unit.

2  Install new equipment in the laboratory to
enable the hospital to do 35% more tests in-house rather than send them to a
reference lab.

3  Recruit a general surgeon and a Internist.

4  Purchase an additional CT scanner which is
expected to increase current radiology volumes by 3.25%.

THREE DEPARTMENTS ARE INVOLVED IN OUR
BUDGET EXERCISE.  THEY ARE NURSING, LABORATORY, PHARMACY AND
OUTPATIENT/AMBULATORY SERVICES.

 STATISTICAL DATA

      2012 – 2013        2013-  2014        2014- 2015

Admissions In Pt (Nursing)      
             
 7,395                7,400                7,370

Laboratory Test        
                     
     
 399,330              411,810            421,564

Pharmacy Rx          
                     
       
99,832                100,011            99,642

Radiology Exams        
                     
   
68,222                69,124               68,950

LABORATORY  EXPENSES

           
                     
                     
   2012     
             2013 
             2014

 Supplies        
                     
            $79,866        
      $86,480           $96,959

 RADIOLOGY EXPENSES

 Supplies        
                     
           $395,205        
     $405,222         $410,100

 

PARIENT REVENUE

Gross Revenue Projected for the 2014-2015
budget year is as follows:

  In Patient        
   $30,675,000

  Out Patient        
$36,878,000

 Total        
         $67,553,000

 Current Reimbursement Formulas:

           
                     
         In
Patient
                          Out Patient

 Medicare        
                   
 $5760/case                    38% of Charge

 HMO          
                     
   $1215.00/pat day           31% of Charge

 Other Insurance      
             
$7655.00/discharge     42.5% of Charge

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