Return on Investment for adding a therapist into a senior
living facility to help with holistic healing such as monitoring nutrition,
sleeping pattern, mindfulness activies
What costs will be associated with your proposal? Take
a mental walk-through of your idea and note material and labor costs that would
occur if your idea was adopted.
ow
consider — how are you going to get paid for your idea? Come up with
options for funding. Is your idea billable or will other sources of
funding be needed? Look closely at CPT codes, grants, private funding,
and employment options. Would it be better for your idea to be manned by
employees or outside contracted providers? What is the best business
decision for you and for everyone? Include references to substantiate
your thinking.
Project
the ROI, or return on investment, for your plan. How will it save
money? Analyze the projected cost savings if your plan is adopted.
Include examples and link your estimates of savings to evidence from the
literature. Discuss how costs will be offset by savings. Include at least
2 sources to back up your estimates.
Here
are the items that you will want to specifically make sure you address in your
paper:
·
Costs. What costs
would be associated with your proposal? List specific items that
must be considered and planned for. Include estimates of cost.
·
How will you get
paid? Come up with options for funding. Is your idea billable or
will other sources of funding be needed? Look closely at CPT codes,
grants, private funding, and employment options. Would it be better for
your idea to be manned by employees or outside contracted providers? What
is the best business decision for you and for everyone? Include
references to substantiate your thinking.
·
Return on
investment. How will your clinical pathway save money? Analyze the
projected cost savings as a result of your clinical pathway. Include
examples and link your estimates of savings to evidence from the
literature. Discuss how costs will be offset by savings. Include at
least 2 sources to back up your estimates.
·
Important: Not all
“returns on investment” are quantitative, or about dollars. Sometimes
“returns” are qualitative. If you have proposed an improvement that may have an
impact that is difficult to measure in terms of cost savings, please speak
with the instructor about your options.
Getting your foot in the door
Section
1: Identify Stakeholders. Determine who your audience would be if
you were given the opportunity to pitch this idea. Who would be the
stakeholders who might be interested in your idea? How do you know they
would be interested?
Section
2: The Key Ideas. Prepare information that can help you get a
foot in the door. Chances are your stakeholder will want to know a few
key things from you before s/he will even listen to your idea. Those
items might include the following:
·
Just who are you? –
A mental health therapist that is working towards her doctoral degree in
Behavioral Health that want to take a holistic approach to healing
·
What are your
qualifications to be talking about this?
Master’s in Counseling
·
What do you know about
this topic?
·
What are you looking for
here? What’s your angle?
·
What are the benefits to
me?
·
What will this cost and
will it save me any money? Can you bill?
Section
3: Elevator Speech. In this section of the paper, script out a
brief elevator speech of no more than 2 minutes where you anticipate what a
stakeholder might want to hear that would get him or her interested in your
idea