Nursing, Laboratory, Pharmacy & Radiology, engineering homework help

Dec 10th, 2016
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Question description

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


Tutor Answer

(Top Tutor) Daniel C.
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School: UCLA
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Question 1: Describe the mission, assumptions and objectives for the upcoming budget year
for the departments involved. (Nursing, Laboratory, Pharmacy & Radiology)

The Mission is to facilitate optimal use of resources and provide transparent useful budget
for the development and growth of the hospital for the enhancement and improvement of our health
services to the community at large. The Assumptions are: Community population stability, the
hospital will be at full capacity for the whole year as well as the reimbursements formulas will
remain the same. The Objectives in the new fiscal year, the hospital plans to: Recruit a general
surgeon and an internist and establish a separate distinct 15-bed inpatient psychiatric unit for
nursing department. For the Laboratory, it plans to install new equipment in the laboratory to
enable the hospital to do 35% more tests in-house rather than send them to a reference la...

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