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The Net Present Value (NPV) is a method used in capital budgeting that critically assesses the value an investment is expected to generate over time (Waxman, 2022). NPV helps to calculate the difference between the present value of expected cash inflows and the present value of cash over a period of time. To calculate the…
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Capital budgeting is a decision-making process used to evaluate long-term investments and determine whether they are financially worthwhile (Waxman, 2021a). One key tool in this process is the Net Present Value (NPV) method, which compares the initial investment cost to the present value of expected future cash inflows. A positive NPV suggests the project is…
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No one will argue the importance of quality, especially in health care, but the critical financial question is, what is the cost of added quality? If a hospital can take actions that will improve its quality score and realize an additional $1 million in payment, should it do so if it costs $2 million to…
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At Sacred Heart Hospital, the CNO went to a conference where he learned about a new mattress that could decrease pressure ulcers significantly. When he returned, he met with the wound nurse specialist and was told that she had wanted these types of mattresses for some time, but the cost was seen as prohibitive. The…
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A growing share of health insurance plans have high deductibles, so that an individual must spend up to $6,450 before insurance begins to pay for services. What problem(s) are these insurance plans trying to solve? Answer this question using economic terminology related to health insurance. For what reasons might these plans be successful? In what…
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Part 1: Nursing Surplus In 2011, it was reported that there was a surplus of registered nurses in many parts of California (Bates, Keane, & Spetz, 2011). Identify possible explanations of the emergence of a surplus. Bates, T., Keane, D., & Spetz, J. (2011). Survey of nurse employers in California, Fall 2010. San Francisco, CA:…
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Business concepts and business development are not routinely a part of nursing education at the undergraduate or graduate level. Business plans are vital if a business is to have a chance to succeed. Many talents of the advanced nurse practitioner are transferable to the development of a business plan. Assessing, identifying problems, developing interventions, implementing…
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A state government official interested in determining the number of infants infected with the human immunodeficiency virus (HIV) has approached your hospital to participate in a statewide-funded study. The protocol will include testing of all newborns for HIV; however, the mothers will not be told the test is being done, nor will they be told…
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There are four options for the business structure of a practice: sole proprietorship, partnership, LLC, and corporation. Please discuss the advantages and disadvantages of each option. If you decide to start your own business practice, which form will you select? Why? USE TWO INTERNAL SOURCE and two external source Buppert, C. (2020). Nurse Practitioner’s Business…
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Academic writing is not about sounding clever; rather, it is about being informed, logical, clear, well structured, and basing your information on evidence. Your academic voice is defined by taking ownership of your work by writing in a style that comes from within. Refrain from copying the style or voice of someone else. Paragraphs need…