Friendly Assisted Living Facility Friendly Medical Center, an urhan, nonprofit,

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Friendly Assisted Living Facility Friendly Medical Center, an urhan, nonprofit, 450-bed In March 20X6,Fred had his Business Development team prepare a rough estimate of the potential retum on the investment of an assisted living facility. He asked the tation hospital, began to see a significant decline team to identify different in admision focuses on inpatient and outpatient rehabilitation of the severely Friendly Medical Center's mision options for facility construction and the associated costs. The team also did a complete competitive analysis and examined the options for services injured and catastrophically ill. While the patient census to be offered based on Friendly Medical Center's potential varied from month to month, it appeared to the Friendly Medical Center Board of Trustees that the inpatient popu- lation was slowly but steadily declining. The hospital's market researchers r severely injured due to the popularity of seat belts bicycle/motorcycle helmets. In order to get a handle on the future of the organization, the Board, and the CEO, Fred Splient M.D. called for a major strategic planning population base and catchment area. The Business i Development team visited several facilities across the country. The team also interviewed companies that could oversee the design, building, and for Friendly Madical Center. The reported that fewer ion of the facility duced a preliminary busines e mended structure for the expenditure needk, estimated income from operation of the facility, as well as projected revenues to other Medical Center peograms resulring from the facility's population. ning retreat to identify future opportunities. The outcome of the retreat was that the Medical Center needed to focus its effiorts around two major strategic initiatives. The first,d a short-run initiative, was to be more The plan was presented at the May 20X6 meeting of Board of Trustees. Fred Splient and his team intro- duced the Board to the concept of opening an assisted liv- Friendly Medical Center's campus. The cost-effective in the ing facility on delivery of inpatient care. The second, a long-run stratesy.fsxcility would be set up as a for-profit subsidiary of the was to develop new programs and services that would capi Medical Center so that it could generate a profit and not talize on the existing, highly competent rehahilitation be suhjected to the strict guidelines of the hospitals therapy staff and Friendly Medical Center excellent repu accrediting agencies. As a suhsidiary organization, how tation in the region. ever, the Board wold still have control At the time of the retreat, Fred Splient's parents were living with him and his family. Fred was an active member The chsen facility design was a freestanding apartment-like facility with a sheltered connection to the Hospital for access to the kitchen and hospital services. of the "sandwich generation." His parents were aging and developing many problems common to the geriatric popu The facility would have 100 units with 15 to 30 of the lace. Their increased medical needs were beginning to umits wear on Fred and his family. It crossed Fred's mind that life house the t might be more pleasant if the hospital Board appowed an expansion of the Medical Centet's assisted living Eacility classified as "heavy-assisted" and built to code to house the physically and meically disabled. The rest of the units woukl be lightassisted," langer apartments The campas to incliale an poulation would le approximatcly 110 to 150 resikdents, with most being single occupants rather than couples

Explanation / Answer

1. Full charter:

As a proposal, A living facility will be constructed in campus of friendly medical center which will be profit susidiary and will not under hospital strict rules.These units will be constructed like apartments with kitchen & shelter provision. FMC propose to construct 100 units. Out of 100 unit 15-30 units will be use for highly assisted for medical and physically assisted patient.

Reimbursable preventive and wellness program with healthier population will ne initiate. FMC aim to increase the census of the hospital as a long term plan. So than they can fulfill all the needs of patient and can provide the facility to next door.

The project construction cost would be 8500k dollar to 11000k dollar. And the net income would be 9000 to 12000 dollar per year/unit. And the net cash flow would be 1500000 dollar.

2. Abbreviation plan:

Friendly medical center having 2 major strategic plan given below:

Friendly medical center should have more cost effective while delivery of any patient. In other words the FMC should have to increase the productivity of hospital.

Second & long term plan was to develope a highly capatilize program and service that develope a highly rehabilitation therapy staff which help to repute the hospital in region.

Thanks for choosing Chegg..

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