Calculate the income projected from each payer source and total for the year to compare next year’s revenue to this year’s revenue.

Provide your nurse manager with your estimates on the increase/ decrease in revenue for next year’s budgeting.

Part Two – Financial Forecasting Memo

Explains how the change in payer mix will impact the overall projected revenue of the unit.

Describes the financial impact of a changing payer mix.

Lists recommendations for the manager to consider in expenses, so that the budget will balance as neutral.

Provides stated ideas with professional language and attribution for credible sources with correct APA citation, spelling, and grammar in the memo.