For this discussion post, we are going to look at the elements of Smart Businesses in the medical practice. You will post a thoughtful initial post addressing the questions below and then you will reply to two classmates' posts. For the purposes of this discussion,you are in charge of the practices business operations. Please craft your post with consideration to references within textbook to draw in support.

The initial post should be at least $3-5$ sentences in length and include one quotation or piece of cited information that supports your position.

Note, for this post you may need the following information:

Full$-$Time Equivalent $($FTE$)$: An FTE is the hours worked by one employee on a full$-$time basis. The concept is used to convert the hours worked by several part$-$time employees into the hours worked by full$-$time employees. On an annual basis, an FTE is considered to be $2,080$ hours, which is calculated as: $8$ hours per day.

Please consider the following as you develop your response:

You reach capacity in your current practice and you are looking to expand:

When and how do you decide you need to open a new office practice?

What are the financial risks associated with a new office location?

How does the workflow effect budgeting?

How does FTE affect the patient flow, and why is it important to maximize staff time?

What is the long term forecast on patient demographics? What type or types of providers do you think would be needed $($i$.$e$.)$ orthopedics, internist or geriatrics provider?

How does this information affect your decision to open a new practice?$$