Norfolk State University Maximizing Profit Research Paper

User Generated

XnlynOebja

Health Medical

Norfolk State University

Description

  • Review and study Chapters 8, 9, and 10 in the textbook (Nowicki, 2018).
  • Review and study the PowerPoints posted in Blackboard.
  • Use critical thinking and metacognition when you read the Mini-Case Study in the textbook (Nowicki, 2018, p. 177):
    • Suppose you are the administrator of a physician’s office practice, and the physician owners have asked you for a presentation on improving profitability without raising rates. Using both Exhibits 8.5 and 8.6, explain how profit can be increased.
      • Re-create the exhibits and include them in your paper. Remember to add an APA (2020) citation.
      • Also, include the profit equation and the breakeven equation.
  • Write a 1-2-page paper in APA (2020) format, create a thesis statement relative to health financial management, and answer the research question above. Include a cover page, a reference page, three peer-reviewed references, and use the textbook. The paper should follow the SESC format of state, explain, support, and conclude, see the Sample Paper.
  • Review the Rubric to maximize points.

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Explanation & Answer

Attached.

Running head: MAXIMIZING PROFIT

1

MAXIMIZING PROFIT
Name:
Course:
Professor:
Date:

MAXIMIZING PROFIT

2
PROFIT MAXIMIZATION

Cutting down the production cost is one of the capitalistic approaches to improving
profitability as far as financial management in healthcare is concerned. The production cost
includes variable cost and fixed cost. In this regard, as an administrator of a physician's office
practice, I would put more emphasis on cost reduction as a way of improving profitability
(Forister & Blessing, 2020).
From exhibit 8.5, ...


Anonymous
Excellent resource! Really helped me get the gist of things.

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