Focus on financing and budgeting issues of Golden Age Hospital (GAH )and the Community Clinic.
- Define the following requirements and assumptions:
- Cost of facility construction, initial medical equipment, and instrumentation, will not be calculated – as they will be fully paid by the state as a grant.
- All senior patients will be above the age of 65, and will have only the Federal Medicare health insurance. Research the major constructs of Medicare health coverage as defined by the “Medicare Prospective Payment System.”
- The hospital and clinic will be financially balanced, that is, income from Medicare payments will cover in full all operating costs.
Define the following requirements and assumptions: