Hospice Swot Analysis Paper
Business Plan: St. Francis Hospice LLC
Alphonsius Menkefor
University of San Francisco
Management of Financial Resources
N763
November 28, 2013
Abstract
The economic outlook for a limited liability hospice company in the current healthcare environment is generally favorable. The Affordable Care Act regards effective hospice care as an essential component in healthcare reform because it has the potential to provide better quality of life for patients and reduce healthcare cost. The public is becoming more aware of hospice services and enrolment rates in the Medicare sponsored program has seen significant growth in recent years and is projected to continue well into the next decade. In this paper an executive summary is presented to indicate a favorable market environment. SWOT analysis is conducted to further identify extraneous variables. A start-up cost analysis is presented and project goals and major miles stones are documented.
Business Plan: St. Francis Hospice LLC
Executive Summary
The Medicare hospice benefit covers palliative and support services for beneficiaries with a life expectancy of six months or less who choose to enroll in the benefit. In 2009, nearly 1.1 million …show more content…
PPACA also gives CMS the authority to revise in a budget-neutral manner the methodology for determining hospice payment rates for routine home care and other services as the Secretary determines appropriate beginning no earlier than fiscal year 2014. PPACA includes additional of 2 percent per year from 2000 to 2008 and 1 percent in 2009. As of 2009, about 53 percent of hospices were for profit, 34 percent were nonprofit, and 13 percent were government or other ownership
Alphonsius Menkefor
University of San Francisco
Management of Financial Resources
N763
November 28, 2013
Abstract
The economic outlook for a limited liability hospice company in the current healthcare environment is generally favorable. The Affordable Care Act regards effective hospice care as an essential component in healthcare reform because it has the potential to provide better quality of life for patients and reduce healthcare cost. The public is becoming more aware of hospice services and enrolment rates in the Medicare sponsored program has seen significant growth in recent years and is projected to continue well into the next decade. In this paper an executive summary is presented to indicate a favorable market environment. SWOT analysis is conducted to further identify extraneous variables. A start-up cost analysis is presented and project goals and major miles stones are documented.
Business Plan: St. Francis Hospice LLC
Executive Summary
The Medicare hospice benefit covers palliative and support services for beneficiaries with a life expectancy of six months or less who choose to enroll in the benefit. In 2009, nearly 1.1 million …show more content…
PPACA also gives CMS the authority to revise in a budget-neutral manner the methodology for determining hospice payment rates for routine home care and other services as the Secretary determines appropriate beginning no earlier than fiscal year 2014. PPACA includes additional of 2 percent per year from 2000 to 2008 and 1 percent in 2009. As of 2009, about 53 percent of hospices were for profit, 34 percent were nonprofit, and 13 percent were government or other ownership