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Related Experiment Videos

Break-even analysis in a nurse-managed center.

Merry J McBryde-Foster1

  • 1Louise Herrington School of Nursing, Baylor University, Dallas, TX, USA.

Nursing Economic$
|March 17, 2005
PubMed
Summary

Break-even analysis is a financial tool to assess the viability of a proposed nurse-managed center. This method offers advantages for financial planning during the proposal development phase.

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Area of Science:

  • Financial Management
  • Healthcare Administration
  • Nursing Practice

Background:

  • Financial assessment is crucial for the sustainability of healthcare initiatives.
  • Nurse-managed centers require robust financial planning for successful implementation.
  • Understanding financial viability early in development prevents future challenges.

Purpose of the Study:

  • To define and demonstrate break-even analysis as a financial assessment tool.
  • To evaluate the application of break-even analysis in a proposed nurse-managed center.
  • To explore the benefits of employing break-even analysis during the proposal development stage.

Main Methods:

  • Break-even analysis was defined and its principles explained.
  • The analysis was applied to a hypothetical nurse-managed center scenario.
  • Advantages of using this financial tool in proposal development were qualitatively assessed.

Main Results:

  • Break-even analysis provides a clear financial benchmark for proposed centers.
  • The analysis helps identify the revenue needed to cover all costs.
  • Utilizing break-even analysis early informs financial projections and resource allocation.

Conclusions:

  • Break-even analysis is a valuable tool for assessing the financial feasibility of nurse-managed centers.
  • Early application of break-even analysis enhances the robustness of center proposals.
  • Financial foresight through break-even analysis supports sustainable healthcare models.

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