Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market. The coal mining industry, especially high-sulfur coal operations such…
Scenario 1 What should you do based on legal and ethical guidelines? You are the chief nurse executive at an organization that provides clinic services to Medicare patients. There are seven clinics located in underserved areas. While visiting one of the other clinics, you perform a routine audit. You notice that one physician, who has…
The interpretation and application of statistical results demands a firm conceptual understanding of quantitative statistical techniques and the assumptions for their use but does not require the nurse leader to be an expert in calculating the various statistical tests. An understanding of the differences among statistical, practice, and clinical significance is essential for effective financial…
Evaluate your organization’s mission, vision, and values statements and determine how well they match the current state of affairs. How well do they describe what your organization is, does, and aspires to be? How is the organization doing in aligning with its stated pillars? How well is the organization aware of its individual contributors’ cultural…
After having written your business plan earlier in the course in Week 2, the next step is to create mission, vision, and values for your business practice and conduct a SWOT analysis. Strategic planning not only helps you look for opportunities to expand your medical practice, it also makes you analyze your current condition. A…
Capital Budgeting Techniques Chapter 7, “Strategic Planning and Capital Budgeting” (pp 187–197) Chapter 8, “Financial Analysis and the DNP: Understanding Business Performance in Health Care” Initial Post Every year, organizations must use discretion in determining how to allocate limited financial resources between competing capital purchases and projects. Generally, annual CapEx budgets consist of both new…
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…
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…
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…
Scenario: You would like to determine whether eating before bed influences sleep patterns. Remember that the steps 7 steps of a statistical study are: 1. Formulate the purpose of the study. 2. Identify the variables for the study. 3. Define the population. 4. Decide what sampling method you will use to collect the data. 5.…