A.6 Financial Impact The recommended time frame to implement all recommendations is 1 year. Once all implementations have been completed the Adult day care services center will benefit from some long-term financial returns (inflow of donations) and social economic growth. These returns will manifest themselves in the three main areas; increased enrollment means more funds to care for variable costs, it will make it easier for the agency to appeal for more donations hence more cash and there will be an increased social economic growth for the entire community. Increasing client base will create a positive financial impact. Based on the given recommendations the increased number of clients means more funds for the center, which can be used to improve this program. Hiring more …show more content…
The new leadership will oversee the hiring of additional staff who will keep the required ratio of 1:4 staff to clients. Increasing buses for transportation will bring more clients to the center. The relocation to a bigger building will increase space to accommodate more clients per regulation. Effective marketing outreach as recommended will reach a wider base of clients across neighboring cities, hence more clients will know about the services and enroll. Raising funds will increase more cash that will be used to cater for extra expenses which will be incurred because of this expansion. Not only increasing clients have a broader financial impact, but the bigger picture of reaching out to more chronic patients who need help is part of what the agency mission and what it strives to do every day. Besides, helping these chronic patients will relieve a lot of stress in their family and free up more time for them to work, hence contribute to the economy as well as reducing costs of going to a nursing home instead, and which can be very
1.3. In order to estimate the peso discount rate, assume that the International Fisher Effect (IFE) holds. Groupe Ariel's Euro hurdle rate for a project of this type was 8%. Assume that inflation rates are expected to be 7% in Mexico and 3% in France.
Finally, in order to complete a more accurate comparison between the two projects, we utilized the EANPV as the deciding factor. Under current accepted financial practice, NPV is generally considered the most accurate method of predicting the performance of a potential project. The duration of the projects is different, one lasts four years and one lasts six years. To account for the variation in time frames for the projects and to further refine our selection we calculated the EANPV to compare performance on a yearly basis.
The center should promote the off-campus programs as they can be a major source of revenue. The services which can be provided in the off campus program can be Case Management, Individual Counseling, Crisis Intervention, Ambulatory Detoxification & Patient Assessment. Group Counselling can be provided in corporates. These services can generate high profits as they have a high contribution margin & can be provided off campus.
For example in the services I manage I employ two full time and one part time Supervisor (Categorised below as Domestic Band 4). The costs for the Supervisors will not alter throughout the year as they are not covered when away from work due to annual leave or sickness.
The Business and Partnership Unit is client liaison team for of all existing and new partnerships with an ambition to deliver efficiencies and improve services. To evidence transparency of the Councils partnerships by implementing an approved monitoring regime. To provide
The building of the new facility is not expected to affect revenue, direct cost and patient volume. The Dialysis Center will provide the same services for its patients, but with different location of the facility. There is no reason for the personnel of the facility to be penalized financially, since the decision for the relocation of the building was taken due to recent growth in volume of the Outpatient Clinic.
One of their issues with staffing physicians is the local competition. They are either employed with other managed care facilities, contractually obligated to another facility, or have other priorities. Due to the number of patients, they are outgrowing their current facility and looking to expand. They have found an ideal location, but would have to invest $500,000 to remodel as well as $479,000 to purchase the building. Although the new location would appeal to Medicaid patients and the insured population, Mrs. Marrs is unsure if the time is perfect to expand.
Types and number of staff that this facility needs, and the rationale for this. How these needs differ in facilities that attend to different long-term care populations
* Establish a positive image with the local university to create additional long term clientele.
The organization provides the usual array of inpatient services expected in a moderate-sized community hospital. A local nursing home and retirement community is for sale, and the organization is considering the purchase of that agency. There is a regional hospital that is trying to establish a statewide hospital network. There is a local county health department that provides some clinic services, primarily for the uninsured.
What is the implied average collection period for the end of March? For the end of June?
It is critical to understand that the transaction events which give rise to timing differences are economic in nature and therefore have economic consequences. The question then becomes how to best reflect those economic consequences in the financial statements. Inter-period income tax allocation considers the tax consequences of transaction events such as revenue, expenses, gains, and losses and associates these items with the period in which these events are recognized. In other words, inter-period tax allocation is consistent with the basic tenets of accrual accounting. Underlying this method is the understanding that there is a direct economic relationship between identifiable transactions reflected in the financial statements and related income tax effects (Arthur et al., 1984). Therefore, each transaction has a tax effect.
Within those rehab centers, increase the amount of staff on hand to help with the amounts of people checking into the rehab center. This will help increase the amount of support that the patients receive while in treatment.
I am contacting you regarding the Extended Care Expansion Dashboard. In conversation with our facilities Administrators we were told that the dashboard was too lengthy. Dr. Wagle suggested that I email you a copy of our dashboard because maybe someone from your team generates a report that captures some of the information needed. This information will help improve the communicate between our hospital and our Extended Care facilities. This will also make the patients transition pleasant so when they have to choose a Rehab center they will pick one of
This option has great potential for generating patient retention and referrals due to DHC paying attention to patient’s requests increasing their loyalty and people willing to attend DHC opposed to the new clinic. Although this alternative would increase patient’s visits, profitability is not a guarantee. This option would also require an increase of 33 percent in personnel costs and cost of the other physician.