The report analyses the funding required and financial feasibility for starting an urgent mental health care clinic. It discusses the need for such clinics, funding, and evaluation of financial feasibility. The project is financially feasible as the reimbursement rate is higher than the costing.
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Running Head: MENTAL HEALTH CLINIC PROJECT PROPOSAL Mental Health Clinic Project Proposal Name of the student: Name of the university: Author note:
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1Mental Health Clinic Project Proposal Introduction Mental health is defined as person’s illness with respect to their emotional and physiological well-being. Misbalanced mental health can lead to depression and other mental health issue which needs proper addressing by a psychiatrist (Almutairi, 2015). To provide such facilities to mental patient, urgent health care clinic was started by a group of Psychiatrist in Birmingham, AL. The aim of this report is to analyse the funding required and financial feasibility for starting an urgent mental health care clinic. Need of mental health clinic Patient suffering from mental health issue such as, having suicidal thought and depression need crucial consideration from psychologists but emergency rooms of mental hospitals are already pre occupied by psychiatric patient (Almutairi, 2015).The cost of treatment is more in hospitals and also they have to wait for an appointment. In Birmingham, AL, there are no such urgent care clinic for psychic patients. Hence, to fill that gap they started a mental health urgent care clinic. Funding To open a Mental Health Urgent Care Clinic, capital is the most important entity. The most important criteria for starting an urgent care clinic is to get a specific place, which can be accessed easily by patients. There are many other arrangement which need to be done beforehand such as appointing psychiatrists and staff to handle patient. Medical supplies such as, equipment and medicines should be also prearranged (Johnston, Peppard & Newton, 2015).
2Mental Health Clinic Project Proposal Evaluation of financial feasibility Financial feasibility is carried out while beginning a new project to analyse the cost and revenue of the project. It is done to ensure that the scheme lives up to its expectation in terms of performance (Melnic & Iliescu, 2017). The cost for providing medical services is around $50,000 - $ 80,000 which is less than that of emergency department. The revenue usually collected from the medical clinic is less during the beginning and increases slowly. The revenue collected in the starting is around $40,000 - $70, 000. Medicaid is program in US that provides health insurance to low class people. Nearly 60% - 70% of the patient have medical insurance which covers the all the services provided to a psychic patient (Ostrow et al., 2017). Other uninsured patient have to pay more as compared to these covered by Medicaid. The reimbursement rate of Medicaid is around $257 and $300. The operating cost of ED is approximately $10,000 to $20,000 depending upon the severity of the illness, which is more than that of the cost of mental health clinic. The different staff member at the ED are nursing staff, medical assistant, therapist and physician. Each of them have different salary which is approximately $7,000 to $20,000 per month, but it depends entirely upon the designation of the staff. After considering all these cost, the reimbursement rate is higher than that of the costing and therefore the project is feasible. Conclusion To conclude, mental health clinic is started to provide urgent care to mental patient at low cost.Funding is required to set up the clinic and also the reimbursement rate is more than that of the costing. Hence the project is financially feasible.
3Mental Health Clinic Project Proposal References Almutairi, A. F. (2015). Mental illness in Saudi Arabia: an overview.Psychology Research and Behavior Management,8, 47. Johnston,B.J.,Peppard,L.,&Newton,M.(2015).Stayingconnected:Sustaining collaborative care models with limited funding.Journal of psychosocial nursing and mental health services,53(8), 36-44. Melnic,A.S.,&Iliescu,C.(2017).Projects'FinancialFeasibility.Economy Transdisciplinarity Cognition,20(2), 5-11. Ostrow, L., Steinwachs, D., Leaf, P. J., & Naeger, S. (2017). Medicaid reimbursement of mental health peer-run organizations: results of a national survey.Administration and Policy in Mental Health and Mental Health Services Research,44(4), 501-511.