Chapter III - Enterprise Economic Model for Sustainability Overview of the Current Source of Revenues and Expenses Revenue Up through 2000, Open Hearts Nursing Home had utilized the traditional nursing home economic model (Taylor, 2009) relying on state based payments (Medicaid), federally funded Medicare, private-payers, and public funds (fundraising and grants) for revenue generation. As a non-profit, OHNH budgets to generate zero net revenue and has met budget projections ± 3% for the past 10 years. Increasing pressure on OHNH general funds to offset Medicaid/Medicare shortfalls has resulted in alternate strategies for generating public and private funds to become a more financially independent organization (Figure 1). Burn Rate &...The end:
.....hinking vs. strategic planning. Mullman , R. (2009). Health care reform bill includes new rules for nursing homes. South Caroline Nursing Home Law Website. Retrieved February 19, 2010, from http://www.scnursinghomelaw.com/2009/12/articles/regulatory-enforcement/health-care-reform-bill-includes-new-rules-for-nursing-homes/. Taylor, M. (2009). 2009 – 2010 Budget Analysis Series: Health. Legislative Analyst’s Office Website. Retrieved February 18, 2010, from http://www.lao.ca.gov/analysis_2009/health/health_anl09.pdf. U.S. Department of Health and Human Services. National health expenditures data. Centers for Medicaid and Medicare Website. Retrieved February 19, 2010, from http://www.cms.hhs.gov/NationalHealthExpendData/downloads/proj2008.pdf.