This is due on or before Saturday, January 13, 2018 at 7:00 p.m.
Building 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 scholarly sources, create a 12- to 15-page feasibility study that includes the following headings and supporting information:
Evaluating Feasibility
The 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, and 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 a facilities perspective as well as the tangible greater good of providing healthcare to a community.
Strategic Effect
Analyze 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 Analysis
Within 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 Analysis
This section includes the revenue, expenses, and net income. Compare and contrast economic challenges and incentives by finding and describing multiple sources of public and private funding (e.g. ...
This is due on or before Saturday, January 13, 2018 at 700 p.m..docx
1. This is due on or before Saturday, January 13, 2018 at 7:00 p.m.
Building 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 scholarly sources, create
a 12- to 15-page feasibility study that includes the following
headings and supporting information:
Evaluating Feasibility
The 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, and
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 a facilities perspective as
well as the tangible greater good of providing healthcare to a
community.
Strategic Effect
Analyze 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
2. 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 Analysis
Within 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 Analysis
This section includes the revenue, expenses, and net 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.
3. 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 Performance
This 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.
Inpatient
If your proposed study has an inpatient component, this section
will analyze 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
4. capacity and that volume is increasing year to year. Analyze
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.
Outpatient
If your proposed study has an outpatient component, examine
how admissions, revenue, and workflow of staff will improve
the efficiency of your proposed service. Analyze 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.
Outlook
This section examines future implications of your proposed
services and how they will impact the future health outcomes of
the community and financial health of the services being
provided. Analyze economic theories that are germane to the
5. provision of your proposed health services. What adjustments
might you need to make in terms of what the “unintended
consequences” may be? For example, Baylor Hospital in
Houston proposed and spent 250 million to create a brand new
hospital that currently stands empty because it was built during
the U.S. economic downturn, the loan was no longer able to
finance the construction, and the initial examination of its
necessity did not play out as expected. Provide conclusions and
implications of how your feasibility study fits within the larger
context of the system of services currently being provided. How
do they work with one another within the larger health care
system?
Finally, evaluate how your study will respond to market and
design models that impact the community based on current
regulatory and market needs.
Writing the Final Paper
The Final Paper:
Must be 12 to 15 double-spaced pages in length, and formatted
according to APA style as outlined in the Ashford Writing
Center.
Must include a title page with the following:
Title of paper
Student’s name
6. Course name and number
Instructor’s name
Date submitted
Must begin with an introductory paragraph that has a succinct
thesis statement.
Must address the topic of the paper with critical thought.
Must include the listed headings with the content required under
each.
Must end with a conclusion that reaffirms your thesis.
Must use at least six scholarly sources that were published
within the last five years, including a minimum of three peer-
reviewed sources from the Ashford University Library.
Must document all sources in APA style, as outlined in the
Ashford Writing Center.
Must include a separate reference page, formatted according to
APA style as outlined in the Ashford Writing Center.