Question
Background: Currently, the organization averages about a 70 percent census rate. During the months of November through April, the organization is much busier, peaking in
Background: Currently, the organization averages about a 70 percent census rate. During the months of November through April, the organization is much busier, peaking in January with an average 95 percent census. However, summer months are slower as many retirees head up north. Out of the 300 beds, 100 beds are designated for subacute care. This section has a greater amount of fluctuation than the long-term care and dementia wings. The home health division has about 5 percent of the current market share and mainly provides skilled care. Most referrals come directly from subacute center for follow-up at home with skilled nursing and physical and occupational therapy. The investors believe that there could be good growth potential to expand the home health department but are uncertain whether having 100 subacute certified beds is the right approach:
- Apply statistical methods to analyze trends in health care and make recommendations on how to further explore the benefits and risks of this investment. Be sure to use current best practices in health care analytics to support your recommendations. (Note that your recommendations do not include whether to purchase the organization but only on how to further analyze.)
- Apply statistical methods to analyze future growth of the health care investment firm and to ensure community needs are being met and methodological rigor is maintained.
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