Open your Healthcare Budget Request workbook you created in FE001 and navigate to the “Estimated Expenses” worksheet. Using the Healthcare Budget Request Workbook Step-by-Step Guide for guidance, create a worksheet that records the following:
Each of the estimated expenses associated with your proposed healthcare product or service, including startup expenses. Be sure to label each appropriately, with enough description to make it clear what the item is and what the estimated cost involves.
Each of the estimated revenues associated with your proposed healthcare product or service. Be sure to label each appropriately, with enough description to make it clear what the item is and any necessary details regarding sources of revenues (including reimbursements).
Calculate the total estimated expenses and revenues for the next 5-year period.
Calculate the Return on Investment (ROI) for your proposed healthcare product or service.
Part 2: Summary of Analysis and Interpretation of Results:
Create a brief (1- to 2-page) description of your analysis that clearly describes the estimated financial and economic impacts of your proposed healthcare product or service. Interpret the results by explaining what your ROI calculation means to the organization.