SICU Expansion Powerpoint Presentation

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This presentation is for educational purposes, and a partial requirement for the fulfillment of NURS 5308 Nursing Informatics

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SICU Expansion Powerpoint Presentation

  1. 1. SICU EXPANSION BOSE OGIDAN-OBADINA The University of Texas at Arlington College of Nursing In partial fulfillment of the requirements of N5342 MANAGEMENT OF NURSING OPERATIONS Dr. SYLVAIN TREPANIER, DNP, RN, CENP MAY 3rd , 2013
  2. 2. Memorial Hermann Hospital, Memorial City • Located in West Houston since 1971 • 33 Storey Tower with 426 Beds • Award-Winning Academic Medical Center • Exceptional Healthcare in Texas
  3. 3. Assessment of Need •Hospital in to a hospital •Increased medical complexities •Effective utilization of resources •Increasing demand for critical care
  4. 4. Strategic Plan Mission & Vision • Optimize healthcare • Incorporate new technology • Improve Critical Care • Leader in Healthcare Goals • High level acute care • Recruit Physicians • Growth Potential • Increasing Volume • Retain Surgeons
  5. 5. Projected Revenue 0 200000 400000 600000 800000 1000000 1200000 R E V E N U E MONTHS 3 Year Revenue Regression Graph Actual Forecast
  6. 6. Operating Budget • Salaries-$14,348,034 • Medical Supplies- $54,972 • SDC-$19,656 • Office Supplies-$59,400 • Orientation/Ed.- $189,396 • Total -$14,671,458
  7. 7. Business Plan-18 Months • Total Revenue-$16,236,159 • Total Cash Flow-$1,564,701 • ST Debt Plan-6Months-Line of Credit-$1,500,000 • LT Debt Plan-Bond Issuance-$20,000,000 • Interest-6% payable in 20 years • Monthly repayment-$1,743,691 • Total cost for 20 bed SICU-$14,890,278
  8. 8. Summary • Needs Upfront Investment • Financially Viable Project • Low Investment Risk • Cost effective care • Favorable outcomes • Patient Focused • Growth potential
  9. 9. Questions ???
  10. 10. References Ackley, B. J., Ladwig, G. B. Swan, B. A., & Tucker, S. J. (2007). Evidence- based nursing care guidelines: Medical surgical interventions (1st ed.). Philadelphia, PA: Mosby, Inc. Finkler, S., & Kovner, C. (2000). Financial management for nurse managers and executives. Philadelphia: W. B. Saunders Company. Finkler, S. A., Kovner, C. T., & Jones, C. B. (2007). Financial management for nurse managers and executives.(4th ed.). Philadelphia, PA: W. B. Saunders. Kowal, C. D. (2010). Implementing the critical care pain observation tool using the IOWA Model. Journal of The New York State Nurses' Association, 4-10. Memorial Hermann website. (2013). http://www.memorialhermann.org/ locations/memorial-city/ Paschall, L. (2013). Implementing a strategic plan. The Dental Assistant, 15- 16.

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