NDLI: The Use of a Break-even Analysis: Financial Analysis of a Fast-track Program

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The Use of a Break-even Analysis: Financial Analysis of a Fast-track Program

Content Provider	Scilit
Author	Saywell, Robert M. Cordell, William H. Nyhuis, Allen W. Giles, Beverly K. Culler, Steven D. Woods, John R. Chu, David K. W. McKinzie, Jeffry P. Rodman, George H.
Copyright Year	1995
Description	Journal: Academic Emergency Medicine To calculate the financial break-even point and illustrate how changes in third-party reimbursement and eligibility could affect a program's fiscal standing. Demographic, clinical, and financial data were collected retrospectively for 446 patients treated in a fast-track program during June 1993. The fast-track program is located within the confines of the emergency medicine and trauma center at a 1,050-bed tertiary care Midwestern teaching hospital and provides urgent treatment to minimally ill patients. A financial break-even analysis was performed to determine the point where the program generated enough revenue to cover its total variable and fixed costs, both direct and indirect. Given the relatively low average collection rate (62%) and high percentage of uninsured patients (31%), the analysis showed that the program's revenues covered its direct costs but not all of the indirect costs. Examining collection rates or payer class mix without examining both costs and revenues may lead to an erroneous conclusion about a program's fiscal viability. Sensitivity analysis also shows that relatively small changes in third-party coverage or eligibility (income) requirements can have a large impact on the program's financial solvency and break-even volumes.
Related Links	http://onlinelibrary.wiley.com/doi/10.1111/j.1553-2712.1995.tb03628.x/pdf
Ending Page	745
Page Count	7
Starting Page	739
ISSN	10696563
e-ISSN	15532712
DOI	10.1111/j.1553-2712.1995.tb03628.x
Journal	Academic Emergency Medicine
Issue Number	8
Volume Number	2
Language	English
Publisher	Wiley-Blackwell
Publisher Date	1995-08-01
Access Restriction	Open
Subject Keyword	Journal: Academic Emergency Medicine Public Health and Health Services Emergency Department Fast Track Break‐even Analysis Collection Rate Financial Analysis
Content Type	Text
Resource Type	Article
Subject	Emergency Medicine

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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