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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