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Business planning is a mapping of your vision for the future of an organization. As a health care administrator, it is important that you can create an effective business plan. For this Assignment, you examine the following scenario and develop a business plan for the organization.
Acme Hospital is an 800 bed Tax assisted Teaching Hospital with a Level 1 Trauma Unit. Additionally, it has a very small Ob/Gyn Delivery unit which is constantly overcrowded. Acme has an opportunity to purchase a near-by 65 bed general hospital which has no Ob Unit and no ER.
You will develop a plan to purchase the General Hospital, fold its management into Acme and simultaneously open a Level 2 Trauma Unit (7500 square feet)and a 50 bed Delivery suite (5000 square feet) utilizing all private rooms. Your plan must discuss all approvals needed for the ER and Delivery Expansion. Assume no CON is required.
Plan on Acme’s Hospital Medical staff including Residents taking on the attending roles at the new hospital which will be designated Acme-East Regional Medical Center.
To prepare for this Final Project:
Examine the provided scenario.
Refer to the documents:
Analyze the background and financial data for the ER and Delivery Suites.
The Final Project Assignment:
Create a business plan that includes the following:
Other professional offerings
Cost per patient visit
Pro forma (see https://www.ready.gov/business-continuity-plan Links to an external site., https://www.fixr.com/costs/build-hospital Links to an external site.)
Income from operations
Net cash flow
Paper requirement: submit as a Word document. The pro forma should be included in the document by transferring the information from the Excel spreadsheet to the Word document. Your Assignment must be written in standard edited English. Be sure to support your work with specific citations from this module’s Learning Resources and additional scholarly sources as appropriate. See the rubric for additional requirements related to research and scholarly writing.
Pink, G. H. & Song, P. H. (2020). Gapinski’s understanding healthcare financial management (8th ed.). Health Administration Press.
Chapter 16, “Business Combinations”
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