Lakeshore Hospital and Medical Center is a for profit hospital…

Question Lakeshore Hospital and Medical Center is a for profit hospital… Lakeshore Hospital and Medical Center is a for profit hospital located in a prestigious suburb of a major metropolitan area. The 650 bed, full-service tertiary care hospital, is a nationally recognized, top ranked breast cancer research center. While the hospital has an active emergency room, 73% of its inpatient beds are comprised of patients recovering from elective and scheduled procedures with specialists who also own a medical practice. The diversity of the patients mirrors that of the community, with White patients comprising 68%, African American 12%, Asian 17%, Hispanic 2% and 1% other ethnicities. Less than 5% of the community lives below the poverty level and less than 6% do not have insurance. Approximately 65% of the community residents have employee purchased health insurance, 22% utilize Medicare and Medicaid, and 7% have private purchased health insurance.Lakeshore Hospital’s breast cancer treatment team which includes fellowship-trained breast cancer surgeons, breast reconstruction surgeons, radiation oncologists, and other specialists, want to add a 3D mammography unit to its repertoire of diagnostic equipment. The experienced radiation oncologists conduct and read about 80 mammograms a week. The nearest inpatient facility to offer 3D mammography is located 27 miles away in the urban county hospital. In addition, two outpatient facilities with mobile MRI and 3D mammogram machines are located within 15 miles. The radiologists conduct and read about 25 2D mammograms a week and less than 10 3D mammograms a week.To accommodate the new machine, the radiology department will need to remove an older, non-functioning x-ray machine, install new tile flooring and add two small alcoves to accommodate a patient changing area and the area for the technician to stand in while the machine is working. No new equipment is needed to read and interpret the new 3D mammograms.In this Competency Assessment, you are going to construct a business plan to propose a local healthcare facility to invest in a 3D mammography machine. The first step in producing an exceptional business plan is to conduct research. Your research will be useful as you identify the problem with current mammography methods and? explain the benefits of 3D mammography. A well written business plan is supported throughresearch and backed by financial analysis. You will use the data found in the HF4004_Assessment_Data spreadsheet as the basis for your financial analysis and budget estimates. Your research should also provide you with additional insight as to the costs associated with the purchase of a 3D mammography machine. I need help understanding how to do the market analysis, budget estimation, and financial analysis Science Health Science HCS 385 Share QuestionEmailCopy link Comments (0)