Develop a business plan for the organization

Assignment Help Business Management
Reference no: EM131426928

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://finance.yahoo.com/q/is?s=GTIV, 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.

You may find the quarterly report at https://finance.yahoo.com/news/gentiva-health-services-reports-third-221500117.html

Reference no: EM131426928

Questions Cloud

What kind of chi square test would be appropriate : With 96 large hurricanes observed over the 16 periods, what are the expected value(s) for each cell? b) What kind of chi-square test would be appropriate?
Would the establishment of free trade area : Would the establishment of a Free Trade Area of the Americas agreement be good for the two most advanced economies in the Western hemisphere, the United States and Canada? How would the establishment of such an agreement affect the strategy of busine..
What is the company’s weighted average cost of capital : what will the WACC become? How would your WACC answer change if the government raises the tax rate from zero to 30 percent?
Address the social and cultural needs of the client : Why did you choose this theory over the other theory - What will be the goals of counseling and what intervention strategies are used to accomplish those goals?
Develop a business plan for the organization : 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.
Mexico manufactures component parts for us : You are the CFO of a U.S. firm whose wholly owned subsidiary in Mexico manufactures component parts for your U.S. assembly operations.
What is the npv of each project : A firm has $100 million in cash on hand and a debt obligation of $100 million due in the next period. With this cash, it can take on one of two projects-A or B-which cost $100 million each.
Suppose you currently work for microsoft : Keeping in mind that opportunity cost is what you sacrifice when choosing some alternative, suppose you currently work for Microsoft but have never really liked the idea of being just another worker in a large corporation.
Clerk in mail room on an incentive contract : Why is it not necessary to have a clerk in a mail room on an incentive contract? Why is it a good idea to have a chief executive officer on an incentive contract?

Reviews

Write a Review

 

Business Management Questions & Answers

  Disuss the issu of privacy in the workplace

Your Ethics Paper will disuss the issu of Privacy in the Workplace. I want you to ook at this issue objectivey and critically. I expect you to take an enlihtened stand on this issueand defend your point-of-view. Be reminded, there is wrong perspec..

  Explain techniques identified measure employee performance

Identify at least 2 different types of evaluation techniques utilized by companies and identify the purpose of or measure of each technique. Describe whether the techniques identified measure employee performance in a subjective manner, and if not..

  Barriers and biases might influence the ways

Identify in what way(s) one dimension that you've identified could create barriers and biases, and how those barriers and biases might influence the ways in which others might interact with you. Give specific examples, or share personal experience..

  Concept of scarcity important to the definition of economics

1. What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics? 2. Discuss the impact of rational self-interest on each of the following decisions:

  Organization mission and vision

And their enthusiasm and service is recognized and appreciated by customers with whom they interact. What steps has your current employer taken assure that culture is properly aligned with your organization's mission and vision. Give two examples...

  Develop strategic objectives for new division of business

Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks.

  Concentrate in the hispanic classes

Janet a 20 year old Mexican has found it hard to concentrate in the Hispanic classes since she cant speak Spanish. She has come to you to seek advice. How would you advice her, ensure that you provide a rationale for your answer. Cite the referen..

  Describe how project management knowledge and skills

Describe how project management knowledge and skills can be transferable across industries and professions.

  Analysis of barilla group

Make a research on the Barilla Group, and choose one Barilla product and describe the components of the product value chain.

  Unique recipe for pizza

Suppose Sal's Pizza Shop has a unique recipe for pizza, and that currently its optimal price is $20 per pizza, at a quantity of 200 pizzas per week.

  On the matrix management structure

On the Matrix management structure, you are able to suggest any acceptable method of paying bonuses on profits that want to be divided amongst different departments to teams working

  Human resource management strategy and emerging issues

1. Why are more organizational structures becoming flatter and less likely to have boundaries? 2. Why is labor forecasting (HR planning) so difficult today? 3. How can the organization prepare an employee for an international assignment?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd