Volume projection and future prediction

Volume projection and future prediction

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Volume projection and future prediction

Predetermining development planning steps are vital factors that need to be considered in an organization, especial micro-hospital. The micro-hospital is a smaller trending idea focused on providing care to patients, specifically in urban and suburban communities. Such an organization came into existence in giving an idea to better the services offered, which is convenient and fair to all patients. However, it requires adequate and thorough preparation, knowledge, and comprehensive planning for the hospital to attain its plans. Therefore, this calls for consideration of an evolving model that involves four steps: performing an area analysis, generating a space program, creating a test fit, and deciding to move forward.

Perform area of analysis is a determining factor that needs to be considered for the viability of the micro-hospital as this will enable the health care facility to deliver the community’s needs. One key concept to test the viability is to consider the area by understanding and exploring the micro-hospital idea if the self-regulating or system based is suitable. In the case study, there is a gap between creating more room emergencies’ gap and providing insight into the excellent ideal for creating a micro-hospital to reduce congestion in macro hospitals. The area population and the micro-hospital mission can also help identify the viability of starting the micro-hospital. If the area of micro-hospital location has a high population, this is a clear indication of having a capacity to sustain the trending idea of micro-hospital and soon. Also, if the hospital area of location has growth projection for the future like, for instance, in the case study, there is access need of population within the VBC.

There is a need to consider the creation of a space program. Analysis of the area space in the micro-hospital is necessary to meet the efficiency for operation in terms of space. For instance, The SCHN plan contained 10 rooms for an emergency, an imaging room for x-ray, ultrasounds, RI and CT. The hospital also has 18inpatient bed and 4 surgery operating room and 50000 square feet. This is a clear indication of meeting the design plan promoting good flow operation and houses patient care desire. Also, the hospital should consider the need to share functional support. Such functions of the patient care unit, material management, dietary, pharmacy and labs are the functional department that should be included in the micro-hospital program. In the case study, the is evidence of such plan. The availability of such functional space determines the mission and vision of the future of the hospital.

Creating a test fit is also very important that involves price check, budget and regional consideration. For the case, there is an electronic record of 150,000 in 2015 and a 182,326  increase in population in 2019. This is a clear indication of rapid expansion of the area of location as it offers a good population that accommodate the need for the creation of micro-hospital. In the test stage, the departmental relation and operational functions need to be examined to economies the number of spaces used to create efficiency and allow free movement of patient and devices through the facility. The test fit also needs to answer the ability to satisfy the community where it is supposed to be located by considering its micro-hospital market’s understanding.

There is a need to consider the decision to move forward. The micro-hospital should systematically consider the area analysis, space program, and test fit for the case study. The analysis stages will provide the viability for a good venture and answer the consideration that the area supports the micro-hospital, will the hospital capture the volume segment of patients and the community capability to grow the micro-hospital. Therefore, micro-hospital has become a healthcare delivery solution that needs to be implemented to improve health provision in urban and suburban areas.

Summary for management

Project objectives

The projection objectives are target goals that are set to determine the change that needs to be made. The SCHNs strategic objectives of developing the micro-hospital have an objective of providing emergency care room. For instance, in the case study, their allocation of 10 emergency room services. This will bring change in the health sectors by providing efficient services are there is easier access and availability of services. Also, there is 4 operating surgery room for patients; this is also a clear goal that will bring improvement adequate room for operation with high-quality deliverance as there enough personnel that accommodate the demand or emergency as it occurred. Besides, there is an essential provision of diet that is offered on-site and meal prep off-site. The goal aims to change both inpatient and outpatient diet as they are given essential dietary compared to other macro hospitals.

Project descriptions

The micro-hospital development is a project model that aims to provide a more comprehensive range of services at a cheaper, reliable and adequate to both inpatient and outpatient. The hospital’s micro version aims to improve the patient care unit and provide a certified service that meets the standard requirement in both urban and suburban areas.

Pro forma summary and assumption

Metrix Assumptions Rationale
Population growth There is an increase of 21% of the total population in an area of location from 2015 to 2019. This indicates clear evidence of accommodation and survival of micro-hospital over the 10 years. In the year 2015, there was a population growth of 150000 to 182326. This is an increment of the ratio of 4:5 per cent
Imaging design The micro-hospital is designed to meet 90% of hospital needs. The hospital also provides services that cost $25 million by exempting the equipment item cost. It indicates that the hospital is capable of meeting the patient of the surrounding for 10 years. The micro-hospital 90% needs and less than 10% are not provided.
The micro-hospital area size The hospital is 50000 square feet, efficient space for the movement of medical devices and storage for the next 10 years. The micro-hospital can accommodate 5-10 beds of inpatients and 30-50 patients every day.

 

Return of the investment and risk analysis is a technique that enables the investors to determine if the organization can make a profit or loss while operating. The Internal rate of return (IRR), Net Present Value (NPV) and the payback period are the analysis that aid in the valuation of risk that may occur in micro-hospital. The Internal rate of return is the expected yearly growth pace of investment. The analysis can be arrived at by calculating the project’s total budget amount to be started and the yearly generated return. If the generated income annually is less than the capital invested when starting the micro-hospital, the hospital is equal to experiencing the low-income generation and the future. The Net Present value also enables the manager to identify if the micro-hospital is volatile or making a sustainable profit. The analysis is derived by subtracting the service provided and other deduction to account for the accumulated extra amount. Hence the outcome will determine the micro-hospital stability to avoid the financial risk of losses that may dissolve the hospital. Lastly is the payback period, which is when a company takes to arrive at the recovery of invested capital. When the micro-hospital equalizes to break-even analysis, it is clear that the firm is now in a state of no loss based on capital invested. Therefore, it enables the investors to identify if there a risk of loss. The break-even analysis can be corrected by reducing the expenses in order to make micro-hospital recover. The net Profit Loss can be corrected by reducing the expenses and promotion based on employees’ performance. As such, the will extra value of expenses that may make the company run at a loss as well as internal rate of return.

Recommendation

The management of the board should make their strategic objectives. The goal is targeting the extra population as the area is capable of supporting the micro-hospital. The hospital is also able to provide cheaper and efficient services to the neighbours. It is a test fit as the technique predicts the micro-hospital will provide the patient need now and in the near future. The space coverage as the goal is also an indication of the gap provision provided as their free movement and storage of an item compared to other macro- hospitals.

 


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