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Hospice House > Basic Information > Flashcards

Basic Information Flashcards

1
Q

How many beds does Hampton Roads need?

A

45

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2
Q

How many beds does Hampton Roads currently have? and where from?

A

12, Sentara

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3
Q

How many beds will Hospice House provide?

A

12

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4
Q

What business are we in?

A

To provide inpatient hospice services that allow terminally ill people to pass away in a comfortable environment

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5
Q

What kind of professionals will we provide?

A

Physicians, Pharmacists, and Mental Healthcare

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6
Q

Where will a significant portion of our revenue come from?

A

Reimbursement programs operated by federal & state healthcare once we open. Fun Fact: Hospice House revenues are immune from changes in the general economy

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7
Q

How much money do we need to raise & what is the breakdown?

A

A total of $9.2 Million with a $7.7 Million construction budget and a $1.5 Million start-up (first three years).

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8
Q

What will the money be specifically used for?

A

Development & construction (the land was donated by Virginia Beach), initial operating losses during 3 years of start-up (with a 6 month reserve), capital to purchase Furniture, fixtures, & equipment for the facility, capital for licensure & professional fees associated with the establishment.

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9
Q

Mission Statement

A

Providing compassionate care, comfort, and support to adult end of life patients and their loved ones

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10
Q

What is our focus?

A

Improving the patient’s quality of life, allowing them and their loved ones to make the best of the time they have left together.

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11
Q

What is our goal

A

To continually educate the community about end of life care and to plan for the Hospice House’s services

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12
Q

What is the tagline

A

The Hospice House serves knowing this is the journey everyone will take

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13
Q

Financial forecasts

A

conservative rate in the 2nd year of operation. A 3 year pro forma will be provided detailing supporting figures

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14
Q

What is Hospice Care?

A

It is a compassionate, patient-centered approach to medical care and support for the people at the end of life and their families

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15
Q

What is Hospice Care focused on?

A

maintaining dignity, increasing quality of life, and providing comfort

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16
Q

What services are provided for families and friends following the death of their loved ones?

A

Bereavement center, chaplains and spiritual services

17
Q

How many companies operate hospice facilities?

A

Approx. 4,000

18
Q

What is excluded from the company operation numbers?

A

Medical facilities that have “in-house” operations

19
Q

In the last 5 years, what is the combined revenue for hospice facilities?

A

$9 Billion while providing jobs to over 75,000 people and providing over $2 Billion in salaries.

20
Q

Why is this such a critical time for Hospice House to open?

A

The Baby Boomer generation is aging, and the business is in an excellent position to expand

21
Q

What is the national average for General Inpatient Care (GIP)?

A

6 days

22
Q

The population served in the Hampton Roads area covers how many people?

A

1.4 million people live & work in the 757, and of that, about 161 thousand are over the age of 65.

23
Q

What is the percentage of Hospice utilization in Virginia for people over the age of 65?

A

43%

24
Q

What is the average length of hospice service?

A

70 days

25
Q

What is the death rate in the Hampton Roads area?

A

7.15%

26
Q

What is the client profile?

A

Terminally Ill (life expectancy: one week to 2 months), has health insurance (but the board hopes to support those who don’t), likely to have an age over 65, lives within 70 miles of the Hospice House

27
Q

What is the overview of the marketing plan?

A

Create a website, an online presence, and relationships with Doctors in the community to build a patient database

28
Q

What is hospice NOT

A

It is not giving hope or hastening death

29
Q

How many Hospice Houses are in VA? What is this in comparison to other states?

A

8; WV has one for every 300,000 citizens-1.6 million people in Hampton Roads alone have no freestanding hospice house

Hospice House (1 decks)

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