Project: Final Project – Business Plan
Business planning is a mapping of your vision for the future of an organization. As a health care administrator, it is important that you are able to create an effective business plan. For this Assignment, you examine the following scenario and develop a business plan for the organization.
St. Anne Hospital, a city-based non-profit community hospital, is looking at adding a diabetes treatment center (DTC) which will provide comprehensive diabetes care and education. This is in response to a population health needs assessment which identified a high rate of diabetes in the population surrounding the hospital. The population consists of 50% Hispanics, 25% Caucasians, 12% African American, and 13% recent immigrants from Northern Africa. Over 50% of the population is living within 200% or below of the poverty level. You have been asked to develop a business plan for the DTC which will be presented to St. Anne’s Board of Trustees.
The Final Project Assignment:
Using the “Week 11 Project Business Plan Template“, create a business plan (8–10 pages) that includes the following:
Note: The 8- to 10-page paper requirement, submitted as a Word document, does not include the title or reference pages. The pro forma should be included in the document by transferring the information from the Excel spreadsheet to the Word document. Your Assignment must be written in standard edited English. Be sure to support your work with specific citations from this module’s Learning Resources and additional scholarly sources as appropriate. Refer to the Essential Guide to APA Style for Walden Students to ensure that your in-text citations and reference list are correct. See the rubric for additional requirements related to research and scholarly writing.
By Day 7
Submit your Project.
Note: Submit your Word document to the Week 11 Project Part 1 submission link. Submit your Excel spreadsheet to the Week 11 Project Part 2 submission link.
Assumptions for Diabetes Treatment Center
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Reimbursement The dialysis center will charge a flat per visit fee of $450. This rate will stay constant. Contractual discounts for insurance is 30% of gross patient revenue. Yearly Staffing Costs by Clinical Lead Model Position FTEs Salary/Year/FTE Physicians 1 $200,000 Nurse Practitioners 2 $85,000 Nurse 2 $60,000 Dialysis Technician 1 $45,000 Assistant/Receptionist 3 $30,000
*** Benefits are assumed to be 25% of salaries Salaries will increase 3% each year
Demand Forecasting Year 1 – 4882 visits Visits will increase 5 % per year Capital Requirements Construction Costs per Square Foot – $777.63 Project Costs per Square Foot – $1,308.49 Square Footage – 4,175 Expenses Operating Costs Utilities $208,750 Repair/Maintenance $40,500 Housekeeping $20,000 Telephone Service $16,806 Depreciation $32,000 Malpractice $50,000 Miscellaneous/Other $20,000 Supplies Medical Supply Costs $65,767 Other Non-Personnel Costs $95,351 All expenses listed to increase by 3% per year