Clinic Project Budget
A One Year Projection
In consideration of our consortium of services the following budget projection narrates request to the Hospital to provide finance to the clinic for additional capacity in service provision, and augmentation of gynecological staff with a Women's Health Nurse Practitioner and resources. This report has been prepared at the bequest of chief executive officer. The strategy provides that the Gynecological Clinic will be open 250 days per year. With hire of the 1.0 FTE Nurse Practitioner (NP), oversight to procedures and treatment will consist of 235 days out of the total. Remainder of those days will be part of the compensatory benefit to the hire. During the three weeks of scheduled NP vacation time, the clinical staff will be present to answer patients calls, however, no patients will be scheduled for appointments at this time. Projected service provision is recorded in Table 1.
Table
Annual Visits
GYN
Annual GYN Exam, New
Annual GYN Exam, Existing
Problem GYN visit
Colposcopy
IUD
IUD Placement
IUD Supply Charge
Table 1. Clinic Service Provision
b. Background and Significance
Finance on the project is earmarked with 50% contractual allowance. The only exception to this is for the IUD supply charge at $350 each insertion.
ANNUAL BUDGET
Salaries
182,000
NP
87,000
LPN
38,000
Reception
27,000
Billing Clerk
30,000
Benefits
41,860
OT
3,250
Total
$227,110.00
Other Expenses
Rent
14,400
$1,500/month
Non-Capital Equipment
2,500
Marketing & Advertising
6,000
Duplicating & Xerox
Temp LPN
3,375
$225/day (15 days/year)
Medical Supplies
22,500
Variable
$6/GYN visit, excl. IUD cost
Pharmac
11,250
Variable
$3/GYN visit
Office Supplies
Linen
9,375
Variable
$2.50/GYN visit
Pages
$50/month
DEA
Professional Fees, re. NP
Postage
1,650
Disposal of Infectious Waste
$300/month
Tele Long Distance
$50/month
Cellular Telephone
$75/month
Physician Coverage
18,000
$1,500/month
Malpractice Insurance
8,500
Property Insurance
Total
$102,550.00
Total Expenses (IUD exempt)
$329,660.00
IUD Placement
38,500
$350 per IUD inserted
Total Expenses
$368,160.00
Income
GYN
462,500
Colposcopy
38,500
IUD Placement
22,000
IUD Supply Charge
55,000
Total
$578,000.00
Budget Narrative
Salaries & Benefits
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