Best Essay Writing Service logo
  • My account
  • Order now
Order Now
Uncategorized

Deliverable 3: Financial Forecasting Memo

2 min read
Posted on 
August 20th, 2022
Home Uncategorized Deliverable 3: Financial Forecasting Memo
Learning Goal: I’m working on a nursing project and need an explanation and answer to help me learn.

 

  1. COMPETENCY

    Apply the principles of economics as they relate to nursing and healthcare.

    STUDENT SUCCESS CRITERIA

    View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.

    SCENARIO

    The nurse manager in orthopedics has asked for your assistance with a finance project. She is being asked to estimate revenue for the next fiscal year based on the projected number of hip replacements increasing from 300 this year to 340 next year.The nurse manager must also factor in the expected changes in sources of revenue by payer. It is estimated that the hospital will lose some contracted insurers due to local competition, and see an increase in Medicare and Medicaid patients due to area demographics and economic conditions. She has provided you with the numbers from this year’s budget and the projections on numbers and payment amounts for next year.

    INSTRUCTIONS

    Prepare a financial forecasting memo to your nurse manager that:Part One – Financial Forecasting Model

    • Contains a completed financial forecasting model by downloading:

    NUR4327-Deliverable03-Financial-Forecasting-Memo-Template_Revised.xlsx

    • Calculate the income projected from each payer source and total for the year to compare next year’s revenue to this year’s revenue.
    • Provide your nurse manager with your estimates on the increase/ decrease in revenue for next year’s budgeting.

    Part Two – Financial Forecasting Memo

    • Explains how the change in payer mix will impact the overall projected revenue of the unit.
    • Describes the financial impact of a changing payer mix.
    • Lists recommendations for the manager to consider in expenses, so that the budget will balance as neutral.
    • Provides stated ideas with professional language and attribution for credible sources with correct APA citation, spelling, and grammar in the memo.

    RESOURCES

    Library Databases

    • Health Policy Reference Center

    Guides & FAQs

    • Memo FAQ
    • APA Guide
    • Credible Sources FAQ
    • Nursing Guide
    • Rasmussen’s Answers/FAQs

 

attachment_1

Order an Essay Now & Get These Features For Free:

Turnitin Report

Formatting

Title Page

Citation

Outline

Place an Order
Share
Tweet
Share
Tweet
Calculate the price
Pages (275 words)
$0.00
Best Essay Writing Service
Company
Legal
How Our Service is Used:
Best Essay Writing Service essays are NOT intended to be forwarded as finalized work as it is only strictly meant to be used for research and study purposes. Best Essay Writing Service does not endorse or condone any type of plagiarism.
Subscribe
No Spam
© 2023 Best Essay Writing Service. All rights reserved.
Best Essay Writing Service will be listed as ‘Best Essay Writing Service’ on your bank statement.