Deliverable 3: Financial Forecasting Memo

Learning Goal: I’m working on a nursing project and need an explanation and answer to help me learn.



    Apply the principles of economics as they relate to nursing and healthcare.


    View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.


    The nurse manager in orthopedics has asked for your assistance with a finance project. She is being asked to estimate revenue for the next fiscal year based on the projected number of hip replacements increasing from 300 this year to 340 next year.The nurse manager must also factor in the expected changes in sources of revenue by payer. It is estimated that the hospital will lose some contracted insurers due to local competition, and see an increase in Medicare and Medicaid patients due to area demographics and economic conditions. She has provided you with the numbers from this year’s budget and the projections on numbers and payment amounts for next year.


    Prepare a financial forecasting memo to your nurse manager that:Part One – Financial Forecasting Model

    • Contains a completed financial forecasting model by downloading:


    • Calculate the income projected from each payer source and total for the year to compare next year’s revenue to this year’s revenue.
    • Provide your nurse manager with your estimates on the increase/ decrease in revenue for next year’s budgeting.

    Part Two – Financial Forecasting Memo

    • Explains how the change in payer mix will impact the overall projected revenue of the unit.
    • Describes the financial impact of a changing payer mix.
    • Lists recommendations for the manager to consider in expenses, so that the budget will balance as neutral.
    • Provides stated ideas with professional language and attribution for credible sources with correct APA citation, spelling, and grammar in the memo.


    Library Databases

    Guides & FAQs


Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.