Baptist Hospital Break Even Analysis Case

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It is important to understand the break-even analysis as it is a tool used to provide a business with the information necessary to determine when they are to expect profit. The allocation used to determine malpractice insurance costs should be reviewed to determine if its formulation will provide an accurate estimation without creating bias towards the breakeven analysis (58).
With the current structure of the allocation scheme, it is assessed that there is bias, which will affect the breakeven analysis due to the variables selected to determine malpractice costs. As it stands, the current formula may provide inaccurate forecasting of malpractice costs, which in turn will have a direct effect on the breakeven analysis conducted (56).
Formulation …show more content…
With other clinics closing in the city, the surround competition is important to consider (50). The clinic possesses great value outside of the hospital. The clinic is a huge asset to the hospital not only numerically but also not all services will be able to be performed in the outpatient clinic so those patients will be referred over to the hospital therefore increasing patient revenue for the hospital as well (55). The actions by Baptist Hospital in acquiring the cities largest primary group practice as well as more group practice acquisitions to be planned will directly effect final decisions made by the clinic. With Baptist being the largest competitor, the marketing expenses could potentially need to be increased in order keep patient volume up in the future (56). The clinic was considering providing occupational services, which is important considering the surrounding competition. The clinic needs to provide services that patients cannot receive else where, this will bring in a whole new type of patient and show the diversity within the clinic. Keeping quality and patient experience very high is important with competitors
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