Create a budget for an ems service


Assignment:

You are asked to develop a budget for an EMS service. Both parts of this assignment will allow you to begin the groundwork for the development of that budget.

Part I: The first part of this assignment is to help you research financial and demographic information by identifying examples of common EMS services and consider which type of organization you will choose for the budget project. Click here to download a matrix that is used for both parts of this assignment. First, you will begin by finding examples of common EMS services. Next, through the Internet, the CSU Online Library, or both, locate an example organization for each type of EMS organization listed in the matrix. Finally, include at least two of these three contact forms: a Web link, contact information (e.g., phone numbers, person in charge), and an address for each example EMS organization.

Part II: In your selection of an organization, remember that each type will have different budgetary needs based on the organization's mission. While developing the budget, you will serve as a key administrator for one of the organizations listed below. The budget you develop will be based on the few characteristics given for the type of EMS organization you select and its mission. After selecting one of the organizations, begin dissecting the organization by answering the following questions:

1. Based on the budgetary goal, what do you know about this EMS organization's budgetary needs?

2. What does the EMS organization expect to achieve through the budget based on the organization's mission, and why is financial management important to it?

Within the template included in Part I of this assignment, insert your 200-word response to these questions under Part II. This will serve as a draft of what will be used as the rationale for your budget. This rationale will then be utilized in the Unit III EMS 4301, Finance of EMS Systems 2 Project Assignment. Make sure to utilize research into things like the demographic of your hypothetical area, costs of equipment, training, or marketing that you might want to include in the budget. These should be referenced and cited using APA format in the rationale draft. Choose one from the seven selections below. Remember, this will be your EMS organization for the balance of the Course Project. Non-Profit Organizations Fire Department (First Responders): This is a fire department in a suburban community. The department contains 85 staff members, starting with the firefighters and up the chain of command to the chief. The department has a need to prepare an operating budget specifically for the fire prevention and protection services, and the estimated reimbursement revenue is $3 million for the upcoming year. All other funds must be generated through alternative means. The goal for this budget is to maintain efficient operations while providing exemplary care to citizens of the community through timely responses, innovative technology, and effective decision-making.

Fire Department (EMS Transportation): This fire department resides in a suburban community and contains 35 staff members (transportation) from the top to the bottom of the chain of command. You have been asked to prepare an operating budget specifically for the EMS transportation services offered by the department. The EMS transportation services are estimated to receive reimbursements of approximately $7 million. All other funds must be generated through alternative methods. The goal for this budget is to attain a 7% reduction in the travel time to occurrences by gathering information about the community, their actions, and regularly scheduled events. Rural ALS/BLS Ambulance Service: This ambulance company serves within a rural area and has 37 employees, including the administration who oversees the operations. The organization is expected to generate approximately $2.4 million, and a need to strive toward building better partnerships within other EMS organizations (the goal) has been determined.

Hospital Based EMS: This hospital serves an urban community, and the EMS services include 110 staff members from top to bottom. The EMS services for the hospital are expected to receive $1.2 million in the upcoming year. You have been asked to prepare an operating budget for the EMS services for the hospital, and the goal is to increase public awareness of the most common behaviors (accidents) that lead to emergency care.

For-Profit Organizations Private Sector For-Profit Ambulance Service: This ambulance company serves within an urban area and has 55 employees, including the administration who oversees the operations. The company is expected to generate approximately $2.4 million, and a need to strive toward building better partnerships within other EMS organizations (the goal) has been determined.

A ir Transportation (helicopter transport): The air transportation unit operates within an urban community, and they have 23 members on staff. The air transport unit is expected to generate $14 million next year, and the strategic goal is to educate other organizations within this EMS system about all of the unit's capabilities (there seems to be a lack of awareness about how the air transport unit can help).

Hospital Based EMS Service: This hospital serves a rural community, and the EMS services includes 61 staff members from top to bottom. The EMS services for the hospital is expected to receive $780,000 in the upcoming year. You have been asked to prepare an operating budget for the EMS services for the hospital, and the goal is to hire and retain qualified personnel to serve the community.

The purpose of this assignment is to allow you to begin examining an organization within an EMS system and see how the strategic goals impact how the funds may be distributed within a budget.

Follow APA style when formatting your assignment.

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Financial Econometrics: Create a budget for an ems service
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