Mini Business Plan Essay - 1284 Words

The purpose of this paper is to summarize a service that will create opportunities to enhance patient care. This will be accomplished by identifying a justifying the need and rationale for its service, its potential effect on patient care, and the way it will positively impact revenue. Next I will identify strengths, weaknesses, opportunities, and threats when implementing this mini project plan; an â€Å"environmental scan† or SWOT analysis. Finally I will provide a mission statement for the new service and describe how this service aligns with the organization’s mission statement and strategic plan. Summary of the service The establishment of a free standing ambulatory surgery center dedicated to upper extremity surgery will provide†¦show more content†¦As entitlement programs are on the edge of major reform and as the surgeons face the loss of purchasing power, cost-effective participation in an ASC becomes an attractive option. There are three things surgeons desire: the best care for their patients, control over their environment, and maximize their profits (Horner Miller, 2011). The focus of service will initially be limited to Medicare reimbursement. We plan to bring the operations of the business to profitability within the first year. The primary source of revenue for the Outpatient Surgical Center will come from the surgical services performed onsite. The service will qualify for specific reimbursement codes as identified by the Center for Medicare and Medicaid (CMS) guidelines. For example it is typical to perform six cases in one day lasting approximately six to seven hours. The sp ecific reimbursement as identified by the CMS guidelines would be as follows: excision of ganglion cyst x two with a HCPCS code # 25111 would be $890.10 each ($1780.20 for two cases), dequervains x one with a HCPCS code # 25000 would be $890.10, open reduction internal fixation of wrist x one with a HCPCS code # 25607 would be $2592.14, and open reduction internal fixation hand x two with a HCPCS code # 26615 would be $1864.78 ($3727.56 for two cases); providing gross revenue of $7127.22 for the surgical day. The incremental expenses specific to the service being proposed would be a total of $1909.62Show MoreRelatedE Strategy For The Field Of Commerce2563 Words   |  11 Pagesset) to reduce the dispersion of eventualities (variance or standard deviation) about a particular future desired outcome (mean or median). o Application of strategy to the field of commerce is referred to as business strategy ï‚ § A series of correlated steps planned to attain a desired business outcome such as achieving cost minimization / internationalization / improved return on capital (note that these ones are desired outcomes or goals and NOT strategy --- Strategy describes the best possible wayRead MoreOperational management Linear programming Linear programming is a tool that helps companies define700 Words   |  3 PagesThe linear programming techniques will help the Mini factory improve their production by allowing the linear program to identify the problems and then through the application of scientific approach solve it. 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