1 CHAPTER 8: FINANCIAL PLANNING & BUDGETING 2 Homework 3.5, Chapter 8 4 Chelsea Clinic projected the following budget information for 2018: 80,000 visits 55% 45% $25 per visit $30 per visit 6 Total FFS Visits Volume 7 Payer Mix: 8 Blue Cross 9 Highmark 10 Reimbursement Rates: 11 Blue Cross 12 Highmark 13 Variable Costs 14 Resource Inputs: 15 Labor 16 Supplies 17 Resource Input Prices: 18 Labor Supplies 20 Fixed Costs 0.5 hours per visit 1.2 units per visit $25.00 per hour $1.50 per unit $750,000 Using Exhibit 8.3 as a guide (excluding the capitated numbers since payers in this homework problem are all FFS) construct Chelsea Clinic's operating budget for - 2018, including projections for volume, revenues, costs, and a P&L statement