NR 533 Financial Management In Healthcare Organizations, NR 533 Week 5 Assignment: Break-Even Analysis Purpose The purpose of this assignment is to provide learners with the opportunity to develop break-even-analysis skills. Week 5 Break Even Analysis Assignment and Guidelines (Links to an external...
nr 533 financial management in healthcare organizations
nr 533 financial management in healthcare organiza
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Chamberlain College Of Nursing
NR 533
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Chamberlain College of Nursing NR533 Financial Management of Healthcare Organizations Week 5: Break-even Analysis Assignment Guidelines with Scoring Rubric
Purpose
The purpose of this assignment is to provide learners with the opportunity to develop break-even-analysis skills. Due Date: Sunday 11:59 p.m. MT at the end of Week 5 Total Points Possible: 100
REQUIREMENTS:
Answer the questions and complete the calculations required for the assignment.
Submit your answers on a Word document, with the heading of Week 5 Assignment. For the questions requiring a written response, please adhere to proper grammar and syntax, and provide references. For the questions requiring calculations, show all your work and follow the format that has been provided for the calculations in the lesson for Week 5.
PREPARING THE PAPER
This study source was downloaded by 100000842735215 from CourseHero.com on 08-15-2022 04:45:01 GMT -05:00NR 533 Break-even Analysis AGR 4.30.18nhs 1
https://www.coursehero.com/file/34027592/71999d0a68010660162e0bdc11e78df9-NR533-Week-5-Break-Even-Analysis-Assignment-Guidelines-and-Rubric/ Break-Even Analysis Case Study
You and several of your colleague business partners have decided to establish an outpatient fertility clinic in your service area. All of you are very familiar with this patient population base, have completed an extensive market analysis that demonstrated a great need for the service, and are comfortable with setting up a business and the costs associated
with this special group of patients.
As part of the business plan, you and your partners will need to convince stakeholders that this new service endeavor will be viable. They will want to know how many patient visits will need to occur annually and how long it will take for the service to be at least cost neutral or profitable. To provide them with this information you will perform a break-even
analysis. Use the following data and conduct the analysis accounting for the contribution margin of each patient acuity category.
•Fixed Costs: $9,788,000 (start-costs, specialty physicians, anesthesiologists, APNs, staff nurses and other staff salaries, specialty equipment, other miscellaneous)
•Variable costs: $500/patient visit (specialty equipment, oxygen supplies, other miscellaneous)
•Clinic days: Monday–Saturday—312 days/year
•Projected patient visits per year: 7488
•Patient charges by patient acuity category:
o Simple (15%)------------$2,000/visit o Moderate (60%)--------$6,500/visit o Complex (25%)---------$10,000/visit 1.Describe your approach to this Case Study. In addition to the numbers given, what do you need to know before you can calculate the break-even analysis?
Chamberlain College of Nursing NR533 Financial Management of Healthcare Organizations This study source was downloaded by 100000842735215 from CourseHero.com on 08-15-2022 04:45:01 GMT -05:00NR 533 Break-even Analysis AGR 4.30.18nhs 2
https://www.coursehero.com/file/34027592/71999d0a68010660162e0bdc11e78df9-NR533-Week-5-Break-Even-Analysis-Assignment-Guidelines-and-Rubric/
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