Clinic Project Budget a One

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

Summary

In accordance with the request of the Chief Executive Officer that the project expenses be reduced by 10%, the volume and revenue projections have been assessed. To this end, adjustments will be made to marketing and advertising, and to staff hourly salaries, of which can be reduced by shortening hourly shifts, still meeting the 1.0 FTE rate at 37.5 hours per week.