Addressing Mental Health Needs of Elderly

The assignment proposes a new service line focusing on mental health care for elderly patients within an existing organization. It highlights the significant need for such services due to limited access caused by insurance issues and financial constraints. The proposal includes details about projected costs, staffing requirements, and anticipated patient impact, emphasizing the importance of reducing barriers to care for this vulnerable population.

Running head: NURSING FINANCE 1
Nursing Finance
Name
Institution

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NURSING FINANCE
Key points/ business plan Description
The program aims at starting both inpatient and outpatient geriatric psychiatry service area. The
outpatient geriatric psychiatry (OGP) clinic will be a home to multidisciplinary team of devoted
professionals who will provide care which encompass comprehensive neuropsychiatric
assessments, individual and group therapy, psychopharmacology, Electroconvulsive Therapy as
well as support group. Certain outpatient could as well be eligible for research protocols that will
be available via the program’s research initiatives. The caregiver support groups will be offered
for family member that will need support.
The inpatient geriatric psychiatry will have a unit that will offer care for older patient
agonizing from severe neuropsychiatric illness which need intensive evaluation alongside
treatment. There will be specialized teams of nurses, physicians, social workers, alongside
rehabilitation therapists skilled enough to provide comprehensive neuropsychiatric as well as
medical evaluations, and develop the utmost efficient treatment plan for every patient. The
inpatient care will include psych pharmacotherapy, group and individual psychotherapy
including music therapy, drama therapy and art therapy; ECT as well as after-care planning.
Market Analysis
There has been an explosion in number of older adults with behavioral disorders thus the
unprecedented increase in the demand for more effective treatment for psychiatric disorders to
reduce the high mortality in mentally ill young adult for many people to hit old age.
Additionally, with increase in elderly cohorts, more individuals will have opportunity to develop
late-onset psychiatric illness, usually linked with underlying medical/neurological illness.
Extreme shortage of healthcare professionals skilled in elderly with behavioral illness treatment

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is facing the country. The cost for caring for people with dementia double that of caring for
average Medicare patients. Moreover dementia patients account for ten-thirty percent of nursing
home admission at a cost of close to $100 billion per year. It remains important that such a
shortage of geriatric mental health care practionares be addressed.
Mission and Vision Connection
The mission is to reduce mortality rates and this in in line with the program as it seeks to
ensure shortage of practitioners is addressed to offer quality and effective services to these
group. The vision is to ensure that many young adults hit elderly age through effective treamnet
of mentally disorders. This is line with the program as it will help curtail the death rate from such
disorders.
Relevance to the organizations future success
The future success of the organization hinges effective implementation of this program as
it will create a sustained competitive edge and hence more clients will be admitted and hence a
sustainability to the organization.
Community Benefit
The complete implementation of this program will be of great beneficial to the
community as the elderly will be catered for and it will reduce the deaths from the mental illness.
This will mean that people will be energetic to boost productivity.
Expected Capital and Budget Needs
This service could be started at no cost to the clinic. We are set up for this program and
the There is the argument that it is taking away from the provider’s clinic which makes more
money.
Short/Long-Term Impact

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Short term we hope to increase access to care and increase revenue, slightly. Long term
impact will be massive as the clinic shall have additional and competent care providers. The
program will reduce illness rate and hence will save the government money per year since it
currently spends over 100USD per year.
SWOT analysis
Strengths
 Competent and skilled healthcare professionals
 Many services offered at low costs
 Adequate facilities to care for patients
Weaknesses
 Huge funds needs for training more practitioners
 Lack of some specialists
Opportunity
 Possibility of training more professionals
 Possibility of getting government funding
 Potential to create a competitive edge
Executive Summary
Geriatric Psychiatric Services
The Challenge
A great number of elderly agonize from mental disorders due to lack of adequate geriatric
psychiatric services.
Outpatient Geriatric Psychiatric Services Program
Our Solution
This will be a groundbreaking since it will be the first time outpatient geriatric psychiatric
services shall be provided by the BHS/ Behavioral Health Services unit our elderly patients. The
BHS unit has steadily offered high-quality mental health services adults and adolescents patients
in both outpatient and inpatients contexts. Increased demand from the elderly, BHS unit is ready

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prioritize the elderly. The elderly have agonized challenges in coping with the death of
significant others, loss of mobility and independence, declining health, isolation, and lack of
emotional support systems. Our outpatient geriatric psychiatric services program aims at
increasing accessibility to mental health services alongside a reduction in incidences besides
depression and, anxiety severity amongst the elderly. This will lead to enhanced QoL and
improved mental and physical wellness of elderly
Community Outreach and Benefit Program for Older Adults
The Benefits
The program is never profit-oriented as the society has always valued the organization
based on its sustained healthcare related services support leading to unprecedented benefits to the
community in charitable manner as it fills the wellness access disparity. Various groups have
hailed the organization including the residents who have continually benefitted from its funding
and services leading increased QoL. The novel unit will work in handy with other programs alike
to boost healthy living in the community.
Capital Requirements
Costs
Several elderly agonizing from mental disorders lack access to mental health services
because of healthcare insurance absence and inability to pay. They, therefore, stay untreated and
solely use hospital EDs when crises hit. The organization remains the single equipped facility
with PES in the region. The organization has had 100 encounters in previous six months
encompassing un-insured and under and elderly agonizing from severe anxiety and depression.
These encounters’ cost stood passed thereby being bore by the organization as indicated below:
Psychiatric Emergency Services Older Adult Encounters

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Number of Encounters Cost per Encounter Total
100
(3.5 encounters/week)
$2,500
(PES encounter charge only; excludes
medications, meals, etc.)
$250,000
Contrasted with projected new service line budget targeting over 4,000 encounters, the
encounters remain extremely expensive and don’t offer specialized alongside continuing service
which shall be provided by the OGP services.
Annual Expenses for New Service Line
Personnel Costs
Position % FTE Budget
Geriatric Psychiatrist 75% $200,000
Nurse Practitioner 25% $65,000
$
$
$
$
Total positions cost $265,000
Total benefits cost % $0
Total Personnel Cost $265,000
Non-Personnel Expenses
(i.e. supplies, equipment, printing, etc).
$
$
$
Total Non-Personnel Cost $0
Administration Costs (not more than 15%)
$
Total Administration Cost $0
Total $265,000
The existing practitioners must reward people who take time to initially seek these
service without being hampered by payment obstacles. Where an elderly indicates the cost of
their copayment up to twenty-percent of visitation cost, it will be a financial hurdle thereby
limiting their services’ access. Thus, the organization will use this budget to cover such a fee. It

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is projected that an estimated figure of 300 elderly patients will be served following full
implementation of this proposed program with about 4000 encounters with the geriatric
psychiatrist (nurse practitioner) certified by the board to assess and evaluate, manage medication
and appointments’ follow-up