Financial Forecasting Memo

Scenario
The nurse manager in orthopedics has asked for your assistance with a finance project. She is being asked to estimate revenue for the next fiscal year based on the projected number of hip replacements increasing from 300 this year to 340 next year.

The nurse manager must also factor in the expected changes in sources of revenue by payer. It is estimated that the hospital will lose some contracted insurers due to local competition, and see an increase in Medicare and Medicaid patients due to area demographics and economic conditions. She has provided you with the numbers from this year’s budget and the projections on numbers and payment amounts for next year.

Instructions

Prepare a financial forecasting memo to your nurse manager that:

Part One – Financial Forecasting Model

Contains a completed financial forecasting model by downloading the Financial Forecasting Model to:
Calculate the income projected from each payer source and total for the year to compare next year’s revenue to this year’s revenue.
Provide your nurse manager with your estimates on the increase/ decrease in revenue for next year’s budgeting.
Part Two – Financial Forecasting Memo

Explains how the change in payer mix will impact the overall projected revenue of the unit.
Describes the financial impact of a changing payer mix.
Lists recommendations for the manager to consider in expenses, so that the budget will balance as neutral.
Provides stated ideas with professional language and attribution for credible sources with correct APA citation, spelling, and grammar in the memo.

Sample Solution

There were cases of St. Pauls’ which took over in the year 1980, cases of Noting Hill which was constituted in the year 1982 and the cases of Toxteth and Handsworth which took place the following year. Among the entire most hideous incident was constructed at Brixton. There people were effected largely by economic depression. A boy named Joey was denied school all on a sudden on grounds they said to be “prerogatory”. Joey was a regular school boy and was an average student. He read in the class seven. All on a sudden his friends started to taunt him on basis of his colour one day. This time there were the black riots all around United Kingdom as well. No one is sure how, the school authorities took these taunts as a breach of discipline and decorum in the school. What they did to amend this was instead of reprimanding the students who were bullying the boy; it was Joey who was suspended. This was a huge shock to not only his parents but also to the whole community of South London where Joey belonged to. The people of the area repeatedly requested the school authorities to admit the child further but they were reluctant to give in. This caused a large scale discontentment among the residents and that finally led to a mass appraisal against the school. The school was demolished and burnt and the children were driven out. This case clarified that the culture of silence which was being reaped in the hearts and minds of the blacks changed so soon to culture of violence and they retorted heavily on the society which further stigmatized their stand in the society.

2.3 USA

In search of the racial discrimination history with access to right to education in America, there are many examples. Segregation among children in public school, teens in high schools, youth in colleges and universities were actively accessing all over the states of America. People from Africa, Chin, Mexico and other places have brought by ships for slaving. These slaves have different zones to live and to lead life. These slaves have leaved forever in the United States after the end of slave period. This is a huge factor of mixed origin and America. In slave period American National Schools had controlled by the white Americans and probably the convention stays into the vein. The first amendment had passed in 1923 by Meyer. v. Nebraska that supports the desegregation.

After Civil War the United States of America had prohibited slavery and then white students and black students got different schools for learning. According to the separate-but-equal policy schools of black