5 Year Budget a budget that will improve the operations and gain market share for the organization, one has to make the following assumptions:

Net revenue for the organization will increase by 1% due to a slight increase in the number of patients seen and/or an increase in the prices charged for services.

Supply inflation will be 2% and this will be covered by a 3% increase in reimbursement rates from managed care payors.

Personnel cost increases for salaries and wages will be 4% due to increased competition for labor resources.

The goal is to increase market share by 5% over the next 5 years.

Capital requests will include spending for routine replacement and spending for key projects, which are expected to improve operations and increase market share.

 

Assuming the Pritzker Department of Psychiatry and Behavioral Health has a current annual revenue of $10 million.

 

What would  a basic 5-year operating budget for implementing automatic appointment reminders to reduce no-show appointments?

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