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Current reimbursement rules and regulations permit the hospital to ‘sell’ its excess laboratory service capacity to locally owned and affiliated physician practices and bill at the hospital rate. Although this reimbursement policy could change in the future, NCU Academic Medical Center (AMC) has decided to explore the development of a lab outreach program to employ currently idle lab capacity. Given the significant fixed cost investment and requisite testing availability required in a hospital, NCU AMC can perform specialized testing not available in commercial laboratories, and can conduct routine tests quicker and more frequently than commercial laboratories.
Projected total costs for the NCU AMC laboratory are $6 million ($4 million in direct costs and $2 million in indirect costs). Use the provided information to determine the non-labor costs of each test:
Table 2. Determine Non-Labor Cost
Factor X activity
Create a brief PowerPoint presentation that succinctly explains the financial management concepts and/or how operational budget is at work in this scenario. Your presentation will be to the Board of Directors, who must provide approval before the project can move forward.
Incorporate appropriate animations, transitions, and graphics as well as speaker notes for each slide. The speaker notes may be comprised of brief paragraphs or bulleted lists.
Length: 5-7 slides
Kaltura Video Presentation: Maximum time of 5-7 minutes. Slide or talking notes must be included. Business casual or professional attire required.
References: Include a minimum of 3 scholarly resources.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations and current APA standards, and adhere to Northcentral University’s Academic Integrity Policy.
When applicable, conduct a Turnitin pre-check and then upload your completed assignment and click the Submit to Dropbox button.