Submitted by: Submitted by knjacksn
Views: 492
Words: 543
Pages: 3
Category: Business and Industry
Date Submitted: 10/25/2011 09:24 PM
Business Project Proposal Paper
ECOHC/561
March 28, 2011
Business Project Proposal Paper
For the past 25 years, Healing Hands Assisted Living has provided quality care to the elderly. Healing hands is an organization that believes in providing residents with an attentive staff, excellent medical care and caregivers that are willing to listen. Picking an assisted living facility can be a difficult choice for a family. The biggest concern for most families is the medical competency and quality of the present staff. Also families take into account the staff’s ability to remain attentive to residents or offering a level of service that is exceptional. Over the past 5 years, Healing Hands has experienced a shortage of nurses. This shortage could potentially affect the company’s reputation as one of the top rated assisted living facilities. To make sure Healing hand’s remains productive a business proposal will be created to eliminate the nurse shortage and decrease extra fees placed on residents.
Healing Hand’s has been overwhelmed by increasing demand of assisted living care. The residents to nurse ratio has increased dramatically in the past 5 years. The company is being forced to have certified nurse aids tend to some residents to help relieve nurses of extra work load. Due to the massive increase in overtime, management has decided to increase rates to make sure the company’s financial needs are met.
Economic flows within an assisted living consist of transactions involving money and various services. “Such transactions occur in simple markets, with the degree of concentration influencing the terms of the exchange.” (Jacobs, 2004) Healing Hands Assisted Living Center has leverage because of its ability to manipulate prices as it sees fit. Assisted living in most part is a private pay business. A majority of residents in assisted living center pay for services with funds drawn from private sources. Revenues for facilities are...