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In-Office Nuclear Cardiac Stress Lab - Term Paper Example
Author : stacywehner
Finance & Accounting
Pages 4 (1004 words)
In-office Nuclear Cardiac Stress Lab Name Institution Report on Investment in an In-office Nuclear Cardiac Stress Lab May 2, 2012 Prepared for Chief Executive Officer Prepared by XXXXX (Signature) More than often, health institutions have to undertake several projects as a way of increasing efficiency and effectiveness in the quality of service provided to its clients…
This report will take into consideration the financial, health and economic implications of adding an in-office nuclear cardiac stress lab as an investment to an existing eight-physician cardiology practice while taking into consideration the expected returns, compliance to Stark physician self-referral law and recommendation on whether the project remains viable or not. More importantly, it is essential to undertake assumptions upon which the evaluation of the project is based on. One of the assumptions is that as a profit making organization, the project implemented should give high levels of returns that are of additional value to the existence of the healthcare facility as a whole. In addition, the forecasted revenues and expenses are expected to remain constant over the period in which the project is functional. Nonetheless, the initial costs comprising of marketing expenses, clinician education cost are paid only once at the initial start of the project. More so, the rest of the expenses and revenues remain constant for the rest of the project life cycle (Moyer et al., 2012). ...