1. Discussion: Health care project
Discussion: Health care projectDiscussion: Health care projectBuilding on the work you
completed in Weeks Two and Four, you will complete a feasibility study based on a pre-
approved health care project of your choice. Using the feasibility study outlined in the
Daniels and Dickson (1990) article as a model, and including a minimum of six other
relevant resources and readings, create a 12- to 15-page feasibility study that includes the
following headings and ing information:Evaluating FeasibilityThe concept of a feasibility
study is central to viability, the “worth to the effort” ratio, and return on investment (ROI).
What needs to be taken into consideration to create a feasibility study (e.g., human
resources, community needs, technological advances, federal and state regulatory
issues)? Within this section, you will research and design an economical health care service
that is responsive to a given market. This research stems from understanding your target
population and present need in health services. Furthermore, as you have seen from the
Daniels and Dickson (1990) article, you must appraise your human resources, capital
investment, and how your effort will yield a return on investment from your facilities
perspective as well as the intangible greater good of providing healthcare to a
community.Strategic Effect Discussion: Health care projectAnalyze the role of public policy
with regard to your project. What policies and processes should be in place to create an
effective program? How will you measure the effectiveness of your program and your
provision of health care services? Develop a microeconomic model that is responsive to the
specific health care service demands of your target population. For example, the current
trend of the medical home model, which allows for the coordination of care, allows for
better communication among service providers as well as convenience for patients. Is the
population a market priority? How does your program serve a need for your target
population?Market AnalysisWithin this section you will identify the population
demographics, who your competitors are, and whether or not a real need for the services
you are proposing exists in the community. As you examine the demographic and
population needs using Census data and other reliable sources, you must also consider what
competitors, if any, exist in the present climate. This requires an evaluation of the present
socioeconomic and cultural trends influencing how people make decisions in health care. In
addition, in this analysis you will need to compare and contrast economic challenges and
incentives among health care’s organization models. This comparison requires an
understanding of past challenges and incentives that other organizations have
implemented.Financial AnalysisThis section includes the revenue, expenses, and net
2. income. Compare and contrast economic challenges and incentives by finding and
describing multiple sources of public and private funding (e.g., grants, donations, awards,
special projects) for this project. Include a reference list for your funding sources that is
formatted in APA as outlined in the Ashford Writing Center. Next, identify the funding
constraints for each source. Include limitations of monies awarded, timing issues, fitting the
needs of the funding sources, difficulties of connecting with private funders, etc. Finally,
specify the internal ramifications of moving forward using SWOT analysis. What are the
fixed and variable costs associated with your project? What are the annual maintenance and
operation costs? Elaborate on how you arrived at your sensitivity analysis
conclusions.Operations PerformanceThis section examines the incremental effect of how
your proposed service will impact all aspects of health services. This portion of the study
explores how the statistical data you have researched affects the proposed service in terms
of efficiency and value. This can be difficult to measure initially. However, through
incremental and ongoing evaluation of operations, you can begin to see what constitutes the
best performance in this instance and how it serves the target population. In this section,
you will further illustrate the incentives and challenges faced by a health organization and
communicate the relevance of economics within the U.S. health care system as it pertains to
your proposed services.InpatientIf your proposed study has an inpatient component, this
section will elaborate on volume of patients, types of payers, and how utilization rates
impact your proposed study. In addition, you will further explain how your new inpatient
service will add value for patients and improve the financial viability of the institution. This
section will require you to use both qualitative and quantitative data to justify the
plan. Hospitals operate in terms of how many beds are occupied relative to how many are
empty. Most CEOs want to see that a unit is running at near full capacity and that volume is
increasing year to year. Elaborate on how your proposal will meet these demands by
explaining the data you have collected and predicting potential financial outcomes. Finally,
evaluate and explain how value-based care will impact your ability to maintain margins
within this newly proposed service.OutpatientIf your proposed study has an outpatient
component, examine how admissions, revenue, and workflow of staff will improve the
efficiency of your proposed service. Expound on how your outpatient service will add value
for patients and improve the financial viability of the institution. Justify your plan with
appropriate data. As stated in the inpatient section, the content here applies much the same
way. However, the caveat for outpatient services lies in the ambulatory setting. This aspect
should be most interesting under conditions created by the Affordable Care Act. The new
paradigm shift will be toward more preventative, primary, and outpatient care settings to
reduce the numbers of patients being admitted to hospitals. Please explain how your
proposal takes these conditions into consideration. In this section, you will further compare
and contrast economic challenges and incentives among health care’s organization models
in an outpatient setting. You will also further augment your design in an economic
framework that is responsive to your market.OutlookORDER NOW FOR CUSTOMIZED,
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