Exercise 16-1: Budgeting - Using the organization below, create a budget for the next fiscal year. Set out the details of all assumptions you needed in order to build this budget.

Mc = Medicare MA = Medicaid *4.2 = The state's formula for the #wks/per month Total monthly Medicaid budget = $826.95 Total monthly Medicare budget = $2,394.21 Once the board decides to move ahead with the home care program and it is annoyed by the Table 321 A Home Health Visit Scenario Services Visit Frequency Payer Rate Rate Medicare Cost Medicaid Cost Rate x 4.2* Nursing (RN) Mc $ 700.69 2x/month, every other week $ 700.69 166.83 Visits wkly for 4 wks $ 501.94 $ 501.94 Medical Social Worker (MSW) 119.51 3x wkly for 2 wks Mc $ 433.52 | $ 433.52 Physical Therapist (PT) $ 103.22 Mc Home Health Aide (HHA) Visits 4hrs MWE wkly for 60 days | 25.00 1,260.00 1,260.00 3x wkly for 1 wk | MA $ 309.48 Registered Dietitian (RD) 103.16 Mc = Medicare Mc = Medicare MA = Medicaid *4.2 = The state's formula for the #wks/per month Total monthly Medicaid budget = $826.95 Total monthly Medicare budget = $2,394.21 Once the board decides to move ahead with the home care program and it is annoyed by the Table 321 A Home Health Visit Scenario Services Visit Frequency Payer Rate Rate Medicare Cost Medicaid Cost Rate x 4.2* Nursing (RN) Mc $ 700.69 2x/month, every other week $ 700.69 166.83 Visits wkly for 4 wks $ 501.94 $ 501.94 Medical Social Worker (MSW) 119.51 3x wkly for 2 wks Mc $ 433.52 | $ 433.52 Physical Therapist (PT) $ 103.22 Mc Home Health Aide (HHA) Visits 4hrs MWE wkly for 60 days | 25.00 1,260.00 1,260.00 3x wkly for 1 wk | MA $ 309.48 Registered Dietitian (RD) 103.16 Mc = Medicare