Apple Valley Family Practice
July 2013
Cost Allocation Methodologies
Prepared for Group Executive Committee
Nadine
Presented by
Apple Valley Family Practice
July 2013
Cost Allocation Methodologies
Prepared for Group Executive Committee
Nadine
Presented by
Introduction
Apple Valley Family Practice is a medical practice with four locations in the Minneapolis/St. Paul area. The clinical staff consists of 20 physicians, all of whom practice in one or more areas of family medicine, and 46 physician extenders and nurses.
The Group Organization
Three Support departments:
•Administration
•Facilities
•Finance
Three Support departments:
•Administration
•Facilities
•Finance
Three patient services departments:
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•Weaknesses: mistakes Opportunity Cost; some service departments are not charged for the use of other service departments; and selection of which department is
-Lack of evaluation and no review process of service provision. A review process should be put in place and all partners must complete this and evaluations
The use of Manage care products has been increasing day by day by the individuals and entities. The products may have profound effects on the quality of care, and the technique used to shift by the physician, hospital, and other health care organization. Manage care product are helpful but hard to afford by certain number of people. To maintain in reducing healthcare cost and generating profits, the manage care products must be consistently maintained effective cost containment efforts (Randell, 2010). The effectiveness of the cost containment depends on the close utilization and implementation process enforced by various risk shifting techniques by the organization.
The authors stressed the financial importance of reducing readmission rates for COPD. They highlighted data which demonstrates that COPD hospital admissions and, therefore, costs are on the rise and projected to increase 60% by the year 2030. The authors analyzed 44 patient stays to determine if bundled care decreased readmission rates for COPD patients. Their data and conclusions support my proposal, that bundled care can decrease readmission rates for patients with
Apple Valley, Minnesota, is a city in northwestern Dakota County and a “south of the river” suburb in the Twin Cities. The city got its name from Apple Valley, California, which was where the first home developers in the town had lived. According to the most recent census, the city's population was nearly 50,000, making it the 18th most populated city in Minnesota. In the year 2013, Money Magazine dubbed Apple Valley the 17th best place to live in the entire nation, as it had been in at least the top 30 for six years running. This large bedroom community offers employment options within the city itself, but for those looking for big city options, Minneapolis and St. Paul are less than thirty minutes away.
You are part of a committee responsible for setting out rules for allocating ventilators during a mass casualty event—either a natural outbreak or bio terror attack in which there are not enough ventilators for the projected number of patients. Provide an account of the ethical principles you think should be incorporated into these rules, taking into account both how you distribute ventilators in preparing for a potential event, and how you allocate them once the event has happened.
As a result of this assignment being handed to me on a silver platter, there are many weaknesses to be pointed out.
Bornstein should allocate budget by spending 30 percent to mobile, 5 percent to twitter, 10 percent to Facebook, 30 percent to YouTube, 5 percent to video contest, and 20 percent to Beauty Talk. Allocating 30 percent to mobile is necessary. More and more people are using apps on smart phone to do shopping. Spending more money to develop better app for customers can expand the market. Bornstein should allocate 5 percent to Twitter and 10 percent to Facebook, because even though Twitter is a good platform for two-way communication but Sephora has more fans on Facebook. Also, Facebook have more functions than Twitter. Allocating 30 percent to YouTube because it cost a lot less to create video on it, and those videos can give customers more details
After completing the budget analysis review of cost by classroom by following NAECY’s staff ratio guidelines it would cost approximately $57,000.00 per year per classroom to staff a toddler room with 4 kids per full-time teacher. Furthermore the cost to staff is a little on the steep side however when running an organization that adheres to NAECY’s guidelines and putting safety first it pays off in the long run. My toddlers would be able to have at least 867 inside square feet divided amongst 20 toddlers, and out licensed capacity is 18.57. Our facility outside square feet is 1600 square feet our licensed capacity is 21. The group size according to NAECY guidelines is 8-18, and our group size is 20. & our teacher/child ratio is 1.3/6.6.
Major capital cost items for a wave farm include: initial and replacement WEC devices, moorings and foundations, power conditioning equipment at the hub and submarine cables, grid connections, and environmental permits. Additional non-capital costs include annualized operations and maintenance, and personnel costs.
First let’s consider the conditions necessary for a cost center to function. A cost center is a department or section of an organization that does not create revenue. This department can be either an operational or production unit. In a cost center the manager receives a range of specifications such as amount of input for a product and how much output is required per an amount time. Engineers and accountants provide this information along with price standards for material, labor and machine hours. It is the cost manager’s job to find the most efficient mix of the specifications to produce the
Similarly I used the ABC model to determine the amount of non-personnel expenditures (or ordinary maintenance) allocated to each Traffic Unit activity. Lieutenant Allen did not fully account for the other overhead or maintenance expenditures assigned to Traffic Enforcement such as training, office supplies, vehicle repairs, motor gas and oil costs. Our ABC analysis allocates approximately $19,049 in ordinary maintenance expenditures to Traffic Enforcement (significantly more than the $500 estimated by Lieutenant Allen from the line-item budget). Based on staff interviews and the ABC model, these expenditures (training, office supplies, and professional services) are allocated in a
There are many problems in the world today, ranging from war and fighting, to disease and starvation. However, one of the biggest issues in today’s day in age is money. People either have too much money or not enough of it. Money is something that everybody needs to survive in order to support themselves as well as their families. In order to maintain a decent amount of money, people are always thinking of ways to save money and reduce the amount of money spent on a day to day basis. The idea of saving money and reducing the amount of money spent is especially important to companies. The more money companies are able to save will increase the profit, which is what all companies all around the world aim to do
An expected or foreordained expense of performing an operation or creating a decent or administration, under ordinary conditions. Standard expenses are utilized as target expenses (or premise for examination with the real expenses), and are created from recorded information dissection or from time and movement studies. They quite often fluctuate from real expenses, on the grounds that each circumstance has its impart of erratic components.
Nature Beauty Price strategy will be the penetration theory for my product. Penetration is pricing low to stimulate the sales, encourage trail, and trigger by word of mouth. Nature Beauty’s mineral powder foundation will not be a new product that no company has similar to. We will need to start by gaining the trust of the consumers by word of mouth and different marketing strategies to the targeted customers. This way once the product has some buzz and customers appreciate the products value, we can price the mineral powder foundation at higher price do to the demand of the product. The competing cosmetic company has a similar product that claims help the skin improve. This company will be established in the cosmetic industry and customers
La empresa de energía eléctrica del gobierno de la provincia de Notario (Canadá) tiene una mina de carbón en la región de Oshawa que produce carbón para su uso en la central térmica de Oshawa-Ontario (“carbón térmico”) y por empresas metalúrgicas (“carbón metalúrgico”). El proceso de producción incluye la extracción y transporte del carbón a la planta; en la planta se limpian y separan los dos tipos de carbón para ser despachados por tren tanto a la central térmica como a la acería. Las operaciones de extracción están integradas con la planta procesadora de carbón No se preparan informes separados para la mina y la planta ni para los dos tipos de carbón que se producen. Por otro lado, durante años se ha dado