TREAT Riding is an equine assisted therapeutic riding program that uses horsebac
ID: 2516714 • Letter: T
Question
TREAT Riding is an equine assisted therapeutic riding program that uses horseback riding asa torm of therapy. In the program, physical, mental, and emotional therapy is provided in a fun environment that makes clients want to participate. Equine assisted activity is an effective treatment for many types of disabilities. People with the following ailments respond best to equine assisted activity. Autism Cerebral Palsy Head Injuries Stroke Emotional Disturbances Developmental Delay Spina Bifida Scoliosis Poliomyelitis Requirements What measureable outcomes would demonstrate the effectiveness of the TREAT program? Proponents of the program state that animal assisted activities improve self-confidence, self- awareness, and discipline. These outcomes must show health insurance companies a measurable benefit from TREAT. Be sure to use appropriate citations in developing these outcomes. Perform a cost analysis study involving the costs of the program and reasonable charges. At a minimum, you should include the cost of horse feed, tackle, horse maintenance, Physical Therapist Technician wages, PT salary, liability insurance, and other costs that you deem appropriate. You do not need to include the cost of the horses or arena. Reasonable charges should be based on comparable treatment in a traditional setting. Your revenues and costs should be listed in chart form and divided into fixed and variable categories. Be sure to describe any and all assumptions in your cost effectiveness study. Be sure to use appropriate citations justifying your revenue and cost values. How much money should TREAT bill insurance companies in order to be profitable? How 1. 2. 3. many treatments are necessary each month for the program to be profitable. You should assume that the program desires a 5% profit margin.Explanation / Answer
1. As per the study conducted people with ailments such as austin, cerebral Palsy, stroke, head injuries, emotional disturbances, developmental delay, spina bifida, scoliosis and poliomyelitis as these therapy helps to cope up with physical, mental and emotional competenc in a fun environment. There are many research conducted by various american institutes to prove that horse have influence on humans related to their well being. These research papers can be presented to health insurance companies as appropriate citations.
2.
It is assumed that 10 horses will be used for the treatment
Total Cost = Variable cost X 10 + Fixed Cost
= $3204 X 10 + 182,500 = $214,540 and if assume Revenue to be $ 70 per session the number of sessions will be
$214,540 / $70 = 3,065 session billed at $70 per 30 min session
3. Total Cost of 10 horses = $214,540 for 1 year
Therfore the cost of 10 horses for a month = $214,540 /12 = $17,878
To make atleast 5 % profit the amount to be billed to insurance company will be $17,878 + (17,878 X 5%) = 18,772
Particulars Amount Cost of the Activity Variable Cost Food Costs $1500 Bedding $234 Tack $510 Grooming $100 Shoes $585 Vet $275 Total Variable Costs $3204 Fixed Costs Insurance $3000 PT Tech $35,000 Horse Tech $30,000 Office Staff $30,000 PT $80,000 Financial Assistance $2500 Toys/Treats $2000 Total Fixed Cost $182,500 Total cost for 1 horse $185,700Related Questions
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