SNHU Acquisition of A Van for Patient Transportation Essay Nursing Assignment Help

The proposed item is a transportation van that provides free transportation to and from the healthcare clinic. I have been assigned the Venice Healthcare clinic. Link is below.

Prompt

After reviewing your proposal outline, your boss has strongly recommended that you identify options for implementing your capital proposal. Wanting to submit a successful proposal and earn a $2,500 bonus, you plan to do just that. Previously, you created a departmental budget that considered the costs and revenue associated with your capital budget item. For Milestone Three, you’ll go one step further and research the options for implementing your capital budget item(s). This research will culminate in a short paper identifying the capital item(s) you are proposing, describing:

  1. Impacts and Justification
    1. Short-Term Impact: What short-term impact will this request have on the overall financial statements used for decision making and on financial planning?
    2. Long-Term Impact: What long-term impact will this request have on the overall financial statements used for decision making and on financial planning?
    3. Cost-Benefit: What is the percentage increase in financial need? How does this balance with the potential value added by your requests? What is the cost-benefit of these requests?
    4. Strategic Planning: Provide an explanation for each budget request in your proposal, taking into consideration strategic plans. How do your budget requests show strategic planning and forethought?
    5. Conflicts: Describe the strategic impact and any potential ways in which your recommendations might conflict with the overall strategic vision. The strategic vision of Venice Healthcare Clinic is at this website https://venicefamilyclinic.org/about-the-clinic/#o… 

When discussing the benefits, indicate whether your proposal will affect each of the key healthcare operating indicators and why the proposal will or will not have that affect.

Expert Solution Preview

Introduction:
In this assignment, we will analyze the impacts and justification of a proposed capital item for the Venice Healthcare clinic. Specifically, we will assess the short-term and long-term impact on financial statements, evaluate the cost-benefit analysis, consider strategic planning, and identify any potential conflicts with the overall strategic vision of the clinic. Additionally, we will discuss how the proposal may affect key healthcare operating indicators. Let’s proceed with the answers to the prompt.

1. Short-Term Impact:
The implementation of the transportation van will have both positive and immediate short-term impacts on the overall financial statements used for decision making and financial planning. Initially, there will be an increase in expenses associated with the purchase and maintenance of the vehicle, as well as the hiring of additional staff to operate and manage the transportation service. This would subsequently result in a decrease in the net income of the Venice Healthcare clinic in the short-term. However, it is important to note that this short-term impact should be outweighed by the potential benefits and long-term value added to the clinic.

2. Long-Term Impact:
Over the long-term, the transportation van will contribute positively to the overall financial statements used for decision making and financial planning. By offering free transportation to and from the clinic, it will increase patient accessibility and thereby attract a larger patient population. This, in turn, will lead to higher revenues for the clinic through increased patient visits and utilization of services. Additionally, improved patient outcomes and satisfaction resulting from convenient transportation options will further strengthen the clinic’s reputation and potentially attract additional funding or partnerships with other healthcare organizations. Therefore, the financial impact of the transportation van in the long term is expected to be positive and significant.

3. Cost-Benefit:
The percentage increase in financial need resulting from the implementation of the transportation van will primarily involve the initial capital expenditure, ongoing operational costs, and the additional staffing expenses. However, the potential value added by providing free transportation to patients must be considered in the cost-benefit analysis. The cost-benefit of this request can be measured by assessing the number of additional patients that can access the clinic’s services, the potential revenue generated from these visits, and the overall improvement in patient outcomes. By comparing the costs incurred with the benefits gained, it would be possible to determine the financial viability and value of this proposal.

4. Strategic Planning:
Each budget request in the proposal shows strategic planning and forethought by addressing the critical need for improved patient access to healthcare services. The transportation van aligns with the clinic’s strategic plans by aiming to enhance patient satisfaction and increase patient engagement. Moreover, it corresponds to the long-term sustainability goals of the clinic, as it can lead to higher revenue generation and continued growth. By considering these aspects, the budget requests demonstrate a proactive approach in strategic planning for the Venice Healthcare clinic.

5. Conflicts:
While the proposed transportation van is in line with the overall strategic vision of the Venice Healthcare Clinic, there may be potential conflicts to consider. The strategic impact of the recommendations could potentially conflict with other budget priorities or initiatives within the clinic. For instance, if the clinic is simultaneously exploring other cost-saving measures or investments in technology, there may be a need to balance the allocation of resources and prioritize accordingly. It is essential to carefully assess and reconcile any conflicts to ensure that the proposed transportation van aligns with the broader strategic vision and goals of the clinic.

6. Key Healthcare Operating Indicators:
The proposed transportation van will likely positively impact key healthcare operating indicators. By providing free transportation, it will likely lead to an increase in patient volumes, improving the clinic’s patient throughput rate. Additionally, patient satisfaction and experience are expected to improve as barriers to accessing care are reduced. This, in turn, can contribute to enhanced patient retention rates and potentially improve the clinic’s overall reputation and market position. Therefore, the proposal is likely to have a positive effect on key healthcare operating indicators, making it a valuable investment for the Venice Healthcare clinic.

In conclusion, the implementation of the transportation van at the Venice Healthcare clinic will have both short-term and long-term financial impacts. The cost-benefit analysis should consider the initial expenses versus the potential value added to the clinic. The proposal showcases strategic planning by addressing patient access needs, and any conflicts with the strategic vision need to be assessed and resolved. The proposal is expected to positively influence key healthcare operating indicators, making it a beneficial investment for the clinic.

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