Case Study: Chisos Mountains Medical Center need answers for questions 8-13 8. Our radiology department is in
Question:
Case Study: Chisos Mountains Medical Center need
answers for questions 8-13
8.
Our radiology department is in violation of the antitrust statutes by developing a fee schedule using
College of American Radiology relative value units (RVUs). You must establish a new RVU system
before we can set FY 2021 rates. The radiology manager has already completed some of the work and I'll
send it over to you [see Table IV at the end of this case study]. Please develop a hospital-specific RVU
schedule and assign 2021 radiology department rates. (Total radiology expenses for 2021, including
hospital indirect costs, which must be covered by the department, are projected to be $20 million.)
9.
For FY 2021:
?
Develop a statistical budget.
?
Develop a revenue budget and four expense budgets in
statement ofoperations format including detailed footnotes explaining any changes in the numbers.
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Case Study: Chisos Mountains Medical Center
11.
Ms. Nurse has requested more money for nursing. I told her that you would evaluate her proposal and
give me a full report.
12.
Our long-term debt represents a 30-year loan taken out in 2000 at 5 percent with options to refinance
every ten years. If we refinance for the remaining ten years at 2 percent, how much interest expense will
we save over the remainder of the loan?
13.
Provide strategic planning input addressing the following steps in the strategic planning process (assume
a ten-year planning horizon and the following mission statement: "The mission of Chisos Mountains
Medical Center is to provide high-quality, low-cost healthcare to everyone"). Note that the board would
like to replace our very old hospital with a newer facility during the planning horizon.
?
Assess the
external environment.
?
Assess the internal environment.
?
Formulate the vision.
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