Introduction
This business plan describes the services that Psychiatry and Psychological Services will deliver in a nursing home, including in-person and Telehealth services. It describes the need for the service, the variables influencing the need for the service, a market study, a fiscal and capital budget, and the grounds for approving the service. This strategy will aid the nursing home comprehend the prospective benefits of offering Psychiatric and Psychological Services, as well as the financial and human capital challenges involved (Abdullah, 2020). The nursing home will be able to make an educated choice about whether to provide such services if it takes the time to analyze all of these aspects.
Overview of the Service
Psychiatric and Psychological Services through Telehealth is a cutting-edge initiative offering nursing home patients a broad range of mental health treatments. It is an innovative technique for providing excellent treatment that makes mental health services available to individuals who may not have access to conventional in-person care (Weinzimmer et al., 2021). This new service provides a variety of psychological and psychiatric therapies, including medication management, counseling, and crisis intervention. Additionally, Telehealth gives the elderly access to mental health experts who have expertise in caring for them, ensuring that the treatment they get is personalized to their unique requirements.
This program has the potential to significantly enhance residents’ mental health outcomes by providing timely access to mental health treatment. Telehealth allows people to get mental health care without visiting a clinic or other offsite locations. Therefore, Telehealth may be less expensive than conventional in-person treatment (Frye et al., 2021). Moreover, Telehealth services may make it easier for nursing home employees to deliver mental health treatment to patients without taking them out of the nursing home environment.
Residents may also obtain mental health treatments via the Telehealth program from the comfort and privacy of their room. Telehealth consultations are carried out through a secure link between the patient and the provider, providing for a secure and discreet exchange of information. Furthermore, Telehealth treatments may be scheduled at the convenience of the resident, allowing them to get therapy when it is most convenient for them (Gogia, 2020). Lastly, Telehealth sessions may be recorded and preserved for later use, providing for treatment continuity. The Telehealth program is intended to be adaptable to the requirements of nursing home patients. It provides various services that may be adjusted to each resident’s requirements, ensuring they get the best possible care. Telehealth also gives senior citizens access to mental health experts who have worked with them before, enabling them to get personalized therapy to their unique needs. Additionally, since sessions may be recorded and preserved for future reference, telehealth provides for continuity of treatment.
In summary, Telehealth Psychiatric and Psychological Services is an innovative initiative that offers nursing home patients a broad spectrum of mental health treatments. It is a practical and cost-effective technique of offering high-quality mental health care tailored to the unique needs of each resident (Gogia, 2020). Moreover, it provides convenience, privacy, and continuity of care, making it a perfect choice for providing high-quality mental health treatments to nursing home patients.
The Need for the Service
Nursing homes provide long-term care to the elderly and disabled. As the population ages, psychological and mental health issues among nursing home residents become more common. Depression, anxiety, sleep problems, agitation, and other mental health disorders are examples. Access to psychiatric and psychological treatments, both in person and through Telehealth, may help better evaluate, diagnose, and treat these issues and give crucial support to those suffering from mental illnesses.
Psychiatric and psychological therapy in a nursing home may help residents improve their quality of life. They provide mental health treatment and counseling that may assist in the decrease of depression and anxiety symptoms, the improvement of sleep and other behavioral problems, and the support of people facing end-of-life issues. Moreover, these services may help to increase communication between staff and residents, as well as between residents themselves.
Nursing home patients may benefit from receiving psychiatric and psychological therapy by having a professional listen to their worries and feelings in a safe and secure setting (Kaminska, 2020). As a result, it helps decrease loneliness and gives residents a sense of connection and empowerment. Moreover, having access to these services may assist in spotting and acting in situations of abuse or neglect, which is sometimes overlooked in nursing home settings.
Factors Impacting the Need for the Service
Increased Mental Health Issues
Mental health disorders are becoming more frequent in the general population and have increased over the last several years. This is particularly true for the elderly, who suffer many obstacles, including chronic health conditions, physical limitations, and social isolation. Subsequently, many nursing homes are now seeing an increase in the number of patients who require mental and psychological care (Kaminska, 2020). This rising demand for mental health care drives the need for nursing homes to provide additional psychiatric and psychological treatments.
Limited Access to Services
The existing system for delivering psychiatric and psychological treatments to the elderly is often inadequate and unavailable to many. Many ageing individuals cannot get the specialized mental health care they need due to a lack of accessible clinicians, lengthy wait periods, physical constraints, and lack of transportation. Through delivering these services in person and through Telehealth at the nursing home, the elderly will have more access to the necessary care.
Increased Demand for Telehealth
The COVID-19 outbreak has resulted in a huge surge in the demand for Telehealth services. Due of the hazards connected with in-person visits, a rising number of the old individuals are turning to Telehealth to get the medical treatment they need without having to leave the comfort of their own homes (David, 2020). Telehealth will enable elderly people living in nursing homes to get mental and psychological treatment without jeopardizing their health or well-being.
Growing Awareness of Mental Health
The significance of mental health and well-being has increased due to the increased discussion and acceptance of mental health in recent years. Due to the shift in public attitude, there is a greater need for and willingness to use mental health services (Kaminska, 2020). Elderly folks can obtain these crucial services in a welcoming, familiar setting by having psychiatric and psychological treatments available at the nursing home.
Stigma
There is still a stigma associated with excellent mental health, especially among the elderly people in the community. Many senior citizens may be hesitant to seek help for mental health issues due to feelings of shame or humiliation. The nursing home’s elderly inhabitants will be able to get appropriate therapy without fear of being criticized or shamed since the nursing home will offer mental and psychological treatments.
Fiscal Planning Issues
A nursing home’s fiscal planning for including psychiatric and psychological services is a difficult procedure. The organization must consider the expenses of implementing the service, such as recruiting more people, giving specialist training, and acquiring new equipment and software. Moreover, the business must consider the expense of promoting and selling the service in order to attract new customers. Furthermore, the institution must evaluate the cost consequences of providing psychiatric and psychological treatments. The expenses include the expenditure of granting insurance coverage for service providers and the cost of providing services to insured customers (David, 2020). Moreover, the organization must evaluate the expense of providing services to customers who cannot pay for their treatment. The organization must assess the potential money earned by the services in addition to the expense of delivering psychiatric and psychological care. The firm will also need to assess the possible savings from lower healthcare expenditures, such as lower hospitalization costs.
Moreover, the organization should examine the hazards of providing psychiatric and psychological treatments. Potential legal obligations, such as medical malpractice litigation and other accusations of carelessness, may be among these concerns. Moreover, if the service is not given competently and ethically, the business may suffer severe reputational problems. Considering these aspects, the company can guarantee that adding psychiatric and psychological services is a fiscally sound option.
Human Capital Issues and Needs
Hiring trained mental health experts, providing training and resources for personnel to deliver excellent services, and implementing rules and procedures that assure the safety and privacy of all clients are all human capital concerns that must be addressed while providing Psychiatric and Psychological Services. Moreover, employing skilled employees and providing proper training and resources will be critical to ensuring that the Nursing home provides the best possible care. In addition, the Nursing home must examine the financial resources required to deliver excellent services, such as recruiting extra personnel and investing in the appropriate equipment to provide Telehealth services (David, 2020). Lastly, the Nursing home must address the legal consequences of mental health care, including ensuring that all services comply with the Health Insurance Portability and Accountability Act (HIPAA) and any applicable state or local legislation.
Market Analysis
The healthcare business is undergoing fast transformation and expansion. Services such as Psychiatric and Psychological Services are in high demand as the need for specialized treatment grows. As a nursing home, offering such services may allow it to distinguish itself from other nursing homes. The old population needs psychiatric and psychological services. According to the American Psychological Association, the aging individuals are more likely to commit suicide due to mental health issues such as anxiety and depression (David, 2020). Moreover, aged people are more prone to suffer from age-related mental health conditions such as dementia and Alzheimer’s. Offering Psychiatric and Psychological Services may assist in addressing these concerns and improving the quality of life for the elderly.
Pricing for Psychiatric and Psychological Services in Person and through Telehealth is normally paid per session. The cost of each session varies depending on the supplier and the kind of service provided. Individual counseling appointments may be more expensive than group therapy sessions. Moreover, telehealth services may be charged differently than in-person treatments because of the added technology and equipment required. Likewise, offering Psychiatric and Psychological Services in person and through Telehealth is an essential and critical service for the aged population (Frye et al., 2021). Such programs may assist in enhancing the quality of life and treat prevalent mental health difficulties in the elderly people. The cost of such services varies according to the supplier and the kind of service provided. As a nursing home, offering such services may allow it to distinguish itself from other nursing homes.
Budget
Operational Budget
Table 1
Capital Budget
Table 2
Human Resource Cost Budget
Table 3
The budgets above thoroughly overview the financial resources required to develop a Psychiatric and Psychological Services program in a nursing home. The operational budget details the expenditures associated with running the program, such as employee pay, facilities and maintenance fees, advertising, licensing, and training as indicated in table 1. Table 2, capital budget details the expenditures of acquiring equipment such as computers, Telemedicine software and equipment, and furnishings (Frye et al., 2021). The budget for human resources covers the yearly cost of staff such as psychologists, psychiatrists, and mental health counselors as depicted in table 3. All of these budgets are required in order to provide a complete financial strategy for the new service. They ensure the organization has the resources to successfully execute and sustain the Psychiatry and Psychological Services program.
Reasons for Greenlighting
For some reason, a care home should approve Psychiatric and Psychological Services in person and through Telehealth. Providing Psychiatric and Psychological Treatments in Person and via Telehealth would be a much-needed service for nursing homes. This service would greatly assist the mental health of nursing home residents. The nursing home could better care for the full person, not just the physical body, if it included mental health treatments. Additionally, it would allow the nursing home to provide a service that is not accessible in many other regions.
The provision of Psychiatric and Psychological Services in person and via Telehealth would improve the nursing home’s capacity to deliver complete care. This form of treatment is often disregarded in nursing homes since it is commonly considered that physical health takes precedence over mental health. However, mental health is vital, and providing mental health services would help to guarantee that the patient’s mental health is handled at the nursing home. In-person and telehealth psychiatric and psychological services would also help to reduce the stigma attached to mental health illnesses (Kaminska, 2020). By providing this service, the nursing home demonstrates its commitment to providing complete care that encompasses physical and emotional health. It would help to remove the stigma attached to mental health concerns and encourage more individuals to seek treatment.
Providing Psychiatric and Psychological Services in-person and through Telehealth would also be financially beneficial to the nursing home. This sort of service would draw more patients to the hospital since it would give a one-of-a-kind service that would not be accessible anywhere else. It would result in more cash for the nursing home, aiding its long-term viability. Offering psychiatric and psychological services in person and via telehealth would also benefit nursing home staff (Kaminska, 2020). The nursing home would give its employees the tools to properly care for their patients by offering mental health treatments. This would enhance the overall quality of care the nursing home provides, benefiting both the staff and the patients.
In-person and Telehealth Psychiatric and Psychological Services would also help the community. The nursing home would provide an essential service to the community by providing this sort of service since it would make mental health care more accessible. The stigma connected with mental health concerns, encouraging more individuals to seek care would lessen. Furthermore, the aforementioned services will ensure that patients in nursing homes receive the finest possible care (David, 2020). By offering this sort of service, the nursing home would be able to better address its patients’ mental health issues, resulting in improved results for them.
Furthermore, giving Psychiatric and Psychological Services in person and through Telehealth would be a significant step forward in providing full care for the nursing home. By providing this service, the nursing home demonstrates its commitment to providing complete care that encompasses physical and emotional health. Doing so would guarantee that the nursing home provides top-notch care to its residents.
Conclusion
Therefore, delivering Psychiatric and Psychological Services in person and through Telehealth is valuable for nursing homes. It would provide a one-of-a-kind service unavailable elsewhere, resulting in more patients and more money for the nursing home. It would also help to reduce the stigma attached to mental health illnesses, encouraging more people to seek treatment. Moreover, offering this service would give nursing home workers the resources to care for their patients adequately. Nevertheless, it would perform an important community service by making mental health treatment more accessible. Ultimately, this service would benefit the nursing home, its residents, and the community.
References
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David, Y. (2020). Telehealth, telemedicine, and telecare. Clinical Engineering Handbook, 550–555. Web.
Frye, W. S., Gardner, L., & Mateus, J. S. (2021). Utilising telemental health in a paediatric outpatient psychology clinic: Therapeutic alliance and outcomes. Counselling and Psychotherapy Research, 22(2), 322–330. Web.
Gogia, S. (2020). Rationale, history, and basics of telehealth. Fundamentals of Telemedicine and Telehealth, 11–34. Web.
Kaminska, O. (2020). Conducting a comprehensive psychological-psychiatric and psychological examination of a juvenile during the inquiry. Knowledge, Education, Law, Management, 2(5), 112–117. Web.
Weinzimmer, L. G., Dalstrom, M. D., Klein, C. J., Foulger, R., & de Ramirez, S. S. (2021). The relationship between access to mental health counseling and interest in rural telehealth. Journal of Rural Mental Health, 45(3), 219–228. Web.