Budget Analysis III | JKL CCRC Facility
Hi,
When you write the paper, please don’t use a excel spreadsheet, only use analysis of the data in Microsoft word sheet. I mean explain everything in words. Thanks!
Budget Analysis III | JKL CCRC Facility
This is your third and final budget analysis which is much more detailed in the aspect it relates to a Continuing Care Retirement Center (CCRC) that means it offers a vast array of health care services to a specific population. During this analysis you are continuing the process of per patient day (PPD) rates and utilize this information for your final Administrative Review.
Efficiency in healthcare operations is becoming an increasingly important objective for many decision makers. Efficiency is simply the ratio of outputs to inputs, not the quality of outputs but the lowest possible cost of production. Adequate assessment of efficiency implies the availability of standards against which actual costs may be compared. In many health care organizations, these standards may be formally introduced into the budgetary process. Thus, a given nursing unit may have an efficiency standard of 4.3 nursing hours per patient day of care delivered. This standard may then be used as a benchmark by which to evaluate the relative efficiency of the unit. If actual employment were 6.0 nursing hours per patientka day, management would be likely to reassess staffing patterns.
Instructions:
1. Open and review the spreadsheet labeled “JKL CCRC Facility Budget” (located in Doc Sharing)
2. Observe the specific details of this particular budget compared to your two previous Budget Analysis I and II: a. This budget has six detailed health services running within the CCRC: i. Skilled nursing facility ii. Assisted living facility iii. Alzheimer facility iv. Health and wellness program
v. Home health PASSPORT program vi. Hospice program
b. Each of these six detailed health services has their own line items, such as: i. Patient days ii. Census
iii.
When you write the paper, please don’t use a excel spreadsheet, only use analysis of the data in Microsoft word sheet. I mean explain everything in words. Thanks!
Budget Analysis III | JKL CCRC Facility
This is your third and final budget analysis which is much more detailed in the aspect it relates to a Continuing Care Retirement Center (CCRC) that means it offers a vast array of health care services to a specific population. During this analysis you are continuing the process of per patient day (PPD) rates and utilize this information for your final Administrative Review.
Efficiency in healthcare operations is becoming an increasingly important objective for many decision makers. Efficiency is simply the ratio of outputs to inputs, not the quality of outputs but the lowest possible cost of production. Adequate assessment of efficiency implies the availability of standards against which actual costs may be compared. In many health care organizations, these standards may be formally introduced into the budgetary process. Thus, a given nursing unit may have an efficiency standard of 4.3 nursing hours per patient day of care delivered. This standard may then be used as a benchmark by which to evaluate the relative efficiency of the unit. If actual employment were 6.0 nursing hours per patientka day, management would be likely to reassess staffing patterns.
Instructions:
1. Open and review the spreadsheet labeled “JKL CCRC Facility Budget” (located in Doc Sharing)
2. Observe the specific details of this particular budget compared to your two previous Budget Analysis I and II: a. This budget has six detailed health services running within the CCRC: i. Skilled nursing facility ii. Assisted living facility iii. Alzheimer facility iv. Health and wellness program
v. Home health PASSPORT program vi. Hospice program
b. Each of these six detailed health services has their own line items, such as: i. Patient days ii. Census
iii.