Projected Profit/Loss
Add to Parts 1-3 of your Organization Wide Operating Budget by identifying the Projected Profit/Loss for Year 1. This will require you to project actual revenue based on your projected revenue sources. Treatment codes (known as CPT codes) are used to define the type of treatment. Individual Psychotherapy 20-30 minutes is code 90804; 45-50 minutes is 90806, 75-80 minutes is 90808; Family Therapy is 90847; Group Therapy is 90853. Other common codes are listed on the recommended materials website pdf file #4. While there are significant differences in payment for each treatment code based on the payer source (Medicare/Medicare is generally the lowest payer source so this website listed on recommended materials #3 will generate your bottom line revenue projection); there are also significant differences in payment by licensure type, degree (masters vs. doctorate), state or urban/rural geographic location. Assume that traditional insurance like Blue Cross/Blue Shield will reimburse ~30-40% more than Medicare/Medicaid. Managed care and other payer sources will be somewhere in between. Private pay and grant funded clientele are the easiest to predict as long as you have an accurate representation of how many clients will be served by these payer sources.
Create a minimum (based on the lowest paying source for all clients) and optimum (based on what you think will happen with clientele’s payer sources) profit/loss projection based on subtracting the amount from your previous assignment’s conclusion of expenses. If you have a profit, determine if it is enough profit to justify your time/effort/educational investment/etc.? If you have a loss, where can you find additional income sources (i.e., fundraising events, charity sponsorship, partnerships with other related organizations, additional private or public grants) to make up for this loss and how feasible is this? At this point you should also consider any revisions to Parts 1-3 of your budget proposal with rationale for the changes. The recommended length of this assignment is 2-3 pages with reference support.
Grading Criteria
Content Criteria | 5 Points |
---|---|
Content must be appropriately analyzed, summarized, compared/contrasted, and evaluated as applicable per the assignment directions including worksheets identified in the required text/CD. | |
Budget assignments are 2-3 pages in length and result in a cumulative budget project of 12-18 pages total. | |
Writing and Organization Criteria | 2 Points |
The central theme/purpose of the paper is clear. | |
The structure is clear, logical, and easy to follow. | |
The tone is appropriate to the content and assignment. | |
The thoughts are clear and include appropriate beginning, development, and conclusion. | |
Paragraph transitions are present, logical, and maintain the flow throughout the paper. | |
Sentences are complete, clear, and concise. | |
Sentences are well constructed, with consistently strong, varied sentences. | |
Sentence transitions are present and maintain the flow of thought. | |
Rules of grammar, usage, and punctuation are followed. | |
The paper uses words and language that are inclusive, clear, and unambiguous. | |
Spelling is correct. | |
Research Criteria | 2 Points |
The paper includes a summary and analysis of research materials that are relevant to the assignment, e.g. scholarly journals, professional articles, legal documents, government documents, legal decisions, media clips, software, measurement instruments websites, personal communication, etc. | |
Professional/scholarly journals are peer reviewed and focus on the profession/application of psychology (located on Proquest, EBSCOHost, PsycNET, etc.). Non-scholarly articles include newspapers, periodicals, secular magazines, etc, and are not peer reviewed. Websites not approved include wilkipedia.com and about.com. | |
Research focuses on the most current information (past five to ten years) except when citing seminal works (e.g. Freud, Erickson, etc.). | |
Paper includes the appropriate number of references required by the assignment. | |
When appropriate, the paper addresses ethical considerations in research. | |
Style Criteria | 1 Point |
The paper is in the appropriate APA format used by the institution/program (e.g. the 6th edition). | |
The paper is double-spaced and in the appropriate length required by the assignment | |
The paper includes an APA style cover page. | |
The paper includes an Abstract that is formatted to support the appropriate version of APA Publication Manual (e.g. 6th edition). | |
The paper properly uses headings, font styles, and white space as outlined in the appropriate version of APA Publication Manual (e.g. 6th edition). | |
The paper includes an introductory paragraph with a succinct thesis statement. | |
The paper addresses the topic of the paper with critical thought. | |
The paper concludes with a restatement of the thesis and a conclusion paragraph. | |
Citations of original works within the body of the paper follow the appropriate version of APA Publication Manual (e.g. 6th edition) guidelines. | |
The paper includes a References Page that is completed according to the appropriate version of APA Publication Manual (e.g. 6th edition). | |
Total Possible Points | 10 |