Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please explain in detail thank you SECTION III: FINANCIAL MANAGEMENT 270 USING FINA THE BIG PIC Cost/Benefit Analysis Case Study Healthcare is a h expected

please explain in detail thank you
image text in transcribed
image text in transcribed
SECTION III: FINANCIAL MANAGEMENT 270 USING FINA THE BIG PIC Cost/Benefit Analysis Case Study Healthcare is a h expected to have and comprise is Tuesday and two on of a complex sy care services ar He plans on scheduling four surgeries per week - two on You are the laboratory manager. The hospital administration wants to pene (reimbursement $15,000). They have enticed a prominent surgeon to join the staff. trate the market and expand the business by performing Parathyroid Surgeries Thursdays. Every case will need an intact Parathyroid Hormone (PTH) performed STAT during surgery. You currently send this test to your reference laboratory with a minimum 24-hour TAT. None of the analyzers currently in your lab are capable of running this test. The best pricing you obtain is from Siemens Diagnostics for an Immulite 1000. The price of the analyzer is $75,000. The price of the test kit is $800 for 100 tests. The test requires three levels of controls run per 24 hours. The stability of the test kit once opened is eight weeks. Reimbursement for the test is $20. You realize that you will only be able to run on average 32 tests (patient reportable results) before discarding the reagent ($25 per test for reagent alone). conversely, pay The hea ment. A healt paid for that increased, th creased rate came to rea ment instit: (diagnostic in-patients 4. What financial tools would be useful in justifying the addition of this test 5. Would further explanation be needed in justifying the addition of this test e addition does not appear to be warranted on its own merits? (OP a sit det TE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inflation Growth And International Finance

Authors: Alec Cairncross

1st Edition

113865308X, 978-1138653085

More Books

Students also viewed these Finance questions

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago

Question

Prepare a constructive performance appraisal.

Answered: 1 week ago

Question

List the advantages of correct report formatting.

Answered: 1 week ago