Business Model and Healthcare Term Paper

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Financial Plan

Carolinas Healthcare System, a non-profit self-sustaining public organization, is the largest healthcare system in combined North and South Carolina. It is a multi-disciplinary, integrated healthcare system that provides an extensive range of health and human services to the general public of Carolina. The organization owns, leases and manages hospitals, nursing homes, physical therapy facilities, home healthcare agencies, as well as other healthcare associated operations (Carolinas Healthcare System, 2016). The organization employs more than 60,000 personnel and has a capacity of over 7,500 registered beds. The following section encompasses a projected budget that contains a 3-year financial projection from December 31, 2015. The financial projection takes into account detailed expenditures, income, contingency, gain or loss (Carolinas Healthcare System, 2015). The financial projection outlines the net revenues and the net expenses of the organization.

CAROLINAS HEALTHCARE SYSTEM

3 YEAR FINANCIAL PROJECTION

STARTING DECEMBER 31, 2015

NET REVENUE

2015

Year 1

Year 2

Year 3

% of total

% of total

% of total

% of total

Tertiary & Acute Care Services

6,877,396

76%

7544000

78%

7819646

77%

8103997

76%

Continuing Care Services

282,080

3%

467147.7

4.83%

639789.3

6.30%

789073.4

7.40%

Specialty Services

82,055

1%

93816.

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41

0.97%

121864.6

1.20%

106631.5

1%

Physicians' Services

1,565,625

17%

732308.7

14%

1370977

13.50%

1386210

13%

Other Services

231,905

3%

212779.5

2.20%

203107.7

2%

277242

2.60%

Totals

9,039,061

9671795

10155385

10663154

NET EXPENSES

Wages, Salaries & Benefits

4,981,692

55%

5230777

54.08%

6315634

62.19%

6611156

62%

Materials. Supplies & Other

3,010,451

34%

2,810,037

29.05%

2843508

28%

2879052

27%

Depreciation & Amortization

501,945

6%

506964.5

5.24%

510815.9

5.03%

639789.3

6%

Financing Costs

122,844

1%

120387.1

1.24%

103584.9

1.02%

104498.9

0.98%

Non-Operating Investment Losses

120,528

1%

78343.2

0.81%

79212

0.78%

85305.23

0.80%

Funding for Facilities, Equipment & New Programs

301,601

3%

292553

3.02%

302630.5

2.98%

343353.6

3.22%

Totals

9,039,061

9671795

10155385

10663154

Section Two

In delineation, a business model is the approach of undertaking business by which an organization can ensure sustainability through the revenue it generates. In particular, the business model outlines the way in which an organization makes revenues by distinguishing its position in the value chain. The current business model of Carolinas Healthcare System is the business to consumer service provider business model. The main sources of revenue include the provision of services (mainly tertiary and acute care), continuing services, specialty services.....

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