Based on the following information, create a proposed budget for year 2: Recent merit pay increases...

 

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Based on the following information, create a proposed budget for year 2: Recent merit pay increases (usually 0-5% provided annually) have resulted in the following salaries: 2 coders each at $15/hour 1 coder at $14.50/hour Lead coder salary, $50,000/year 2 release-of-information specialists cach at $13/hour Director salary, $75,000/year Physician record assistant at $14/hour Credentialing specialist salary $37,000/year 2 data quality analyst salaries, a $15/hour Scanning clerk at $12/hour Additional equipment was obtained in month 6 at a rental rate of $200/ month. The ability to fax records electronically will be available at the start of budget year 2. Revenue Budget Year 1 ($) Actual Year 1 YTD 3rd Quarter ($) Budget Year 2 Record release fee income 150,00 125,000 Expenses Salaries (including overtime) 375,000 300,000 Benefits 550,000 425,000 Contracted audits 100,000 50,000 Equipment rental 4,000 3,200 Supplies 5,000 4,500 Education 6,000 3,000 Postage 2,000 1,250 Based on the following information, create a proposed budget for year 2: Recent merit pay increases (usually 0-5% provided annually) have resulted in the following salaries: 2 coders each at $15/hour 1 coder at $14.50/hour Lead coder salary, $50,000/year 2 release-of-information specialists cach at $13/hour Director salary, $75,000/year Physician record assistant at $14/hour Credentialing specialist salary $37,000/year 2 data quality analyst salaries, a $15/hour Scanning clerk at $12/hour Additional equipment was obtained in month 6 at a rental rate of $200/ month. The ability to fax records electronically will be available at the start of budget year 2. Revenue Budget Year 1 ($) Actual Year 1 YTD 3rd Quarter ($) Budget Year 2 Record release fee income 150,00 125,000 Expenses Salaries (including overtime) 375,000 300,000 Benefits 550,000 425,000 Contracted audits 100,000 50,000 Equipment rental 4,000 3,200 Supplies 5,000 4,500 Education 6,000 3,000 Postage 2,000 1,250