Business planning is a mapping of your vision for the future of an organization.

Business planning is a mapping of your vision for the
future of an organization. As a health care administrator, it is important that
you are able to create an effective business plan. For this Assignment, you
examine the following scenario and develop a business plan for the
organization.

Scenario:

A city-based
community hospital is looking at adding an urgent care facility in a rural
area. Urgent care is the delivery of ambulatory care in a facility dedicated to
the delivery of unscheduled, walk-in care outside of a hospital emergency
department. Development of the Rural Urgent Care (RUC) facility will facilitate
access to care providers through extended service hours within closer
geographic proximity to patients, families, and caregivers. RUC will act to
alleviate demand for emergency department services by shifting lower acute
patients to a less resource-intensive environment.

This project is
in response to the shift from volume- to value-based health care. Payers and
purchasers are interested in improving economic efficiency by shifting
utilization from emergency department to lower cost settings, such as RUC.
Several competing hospitals have hired emergency department physicians, as part
of their integration strategy to participate in accountable care organizations
(ACO) contracts. The hospital needs to respond to the competitive situation by
making a sound investment in the RUC facility that addresses both financial and
economic situations. The facility will be staffed with physicians and will include
a radiology suite, laboratory suite, and other health-related ventures to help
the hospital grow. You must help the board develop a business plan for this
urgent care unit.

To prepare for
this Final Project:

• Examine
  the provided scenario.
• Refer to
  the document “Background and Financial Data for Investment in the Rural
  Urgent Care Center” in this week’s Learning Resources. Analyze the
  background and financial data for the RUC facility.

Note:This Assignment
will be graded using this rubric: Document:Week 11 Project Rubric (Word document)

The Final
Project Assignment:

Using the
“Rural Urgent Care Centers Business Plan Template” document in this week’s
Learning Resources, create a business plan (8–10 pages) that includes the
following:

• Executive
  summary
• Market
  analysis, including:
• Macro-
  and microeconomic implications of market competition
• ACO
  payment incentives to the organization
• How the
  RUC impacts economic efficiency
• Financial
  analysis, including:
• Capital
  requirements
• Reimbursement
  model
• Cost per
  patient visit
• Pro
  forma, including:
• Patient
  revenue
• Operating
  expense
• Income
  from operations
• Total
  expense
• Net cash
  flow

Note: You must
support your business plan with financial documents in an Excel spreadsheet.
The 8- to 10-page paper requirement, submitted as a Word document, does not
include the title, Excel spreadsheet, or reference pages. 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. Refer to the Essential Guide to APA Style
for Walden Students to ensure that your in-text citations and reference
list are correct. See the rubric for additional requirements related to
research and scholarly writing.

Explanation & Answer

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