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What assumptions did you make on the calculation for revenue? How many physicians does your budget consider?

Chapter 5 - Scratch Budget Table 54 - Master Budget for the Physician Practice Radset $175.000 93000 16,704 NOTE w Assignment This example has 3 Employees (1 Management and I Nurse and long staff Please consider that sing and billes for physican practice vary based on patient nurse and 1 biler for the base volume of 90 patients per week Your practice has 22.000 visits per month volume 11000 Object Code Deurintiem Productivity beadset Standard 4010 Management and clerical staff $175.000 4920 Stat e s and wages $56,240 RN +$35,300 reception 4110 FICA 6.2% of $113.000 145 united 4120 Health insurance $6.000 per employee 4130 Retirement 5% of wages 4140 Unemployment 1.1% of wages 4140 Tatonreimbursement $1.500 employee 4210 Clinical supplies $5.50 per patient 4250 office walles $2,00 per patient 4310 Rent $1.500 per month +100 IT 4350 Repairs and maintenance $1,000 4410 Electricity $200 per square foot 44120 Gas $200 per square foot 4430 Water and sewage $100 per month Telephone $10 per month 4510 Malparctice insurance $3.000 4610 Depreciation 10% of investment. $80,000 4710 interest expense of $40,000 4810 Bad debt 1% of gross charges 4910 Marketing $100 per month 1920 Uniforms and laundry $8*2*4895 4930 Housekeeping $50 435 4940 Travel/professional meetings/mea $5.000 4950 CME $1.000 per year 1960 Other expenses 2 11% Total Expenses 2.400 2400 2150 8.000 $451.429 Statistics 90 patient visits per week Revenue 2.56*$34.023'5.500 Profit $27615 Table 5.3 Hospital Example Physician Example Table 5.4 Figure 5.2 Chapter 3. Scratch Budget Table 5.4 - Master Budget for the Physician Practice Productivity badge Standard Badger Ob Cote Description 4010 Managemen t 4020 Si n dware NOTE for Assignment This campehus 3mployeest Management and Nursed Billing Star Pasier this and Bier for physicacce Varybo 1urse and I biler for the base volume of 90 patients per week Your lice 22. Visits per mith l ume 4130 Retirement 556,245 RN $35.0 ball 62% of $113,000+ 1.45% unlimited 55,000 per employee owner LI% was 51. S oyee SS. $2.00 per patient 51,50 per 300 4140 Tanel 4210 Clinical pplies 4250 Office supplies 25.0 4410 Electricity $200 refoot 4420 $200 per square 4410 Windwe SIOON S180 per month 4510 Maarten 5,00 4610 Devin 106 , 510, 4710 interest 5% of $10,000 4810 Bad del 19 of charges S100 4920 Uniforms and laundry $ 4910 Home 55045 4940 Travelpo m wing mas 55,000 4950 CM So, per 9.110 543149 Total Statistik 2563146015500 5429014 Your practice has 22.000 viss per There is a $4,720 difference in the vistes per month versus per week with patient volume $22,000 per month The amount of patients seen within the month has caused the profit margins to increase. When statistics increase revenue changes and that also causes profits to change. Chapter 5 - Scratch Budget Table 54 - Master Budget for the Physician Practice Radset $175.000 93000 16,704 NOTE w Assignment This example has 3 Employees (1 Management and I Nurse and long staff Please consider that sing and billes for physican practice vary based on patient nurse and 1 biler for the base volume of 90 patients per week Your practice has 22.000 visits per month volume 11000 Object Code Deurintiem Productivity beadset Standard 4010 Management and clerical staff $175.000 4920 Stat e s and wages $56,240 RN +$35,300 reception 4110 FICA 6.2% of $113.000 145 united 4120 Health insurance $6.000 per employee 4130 Retirement 5% of wages 4140 Unemployment 1.1% of wages 4140 Tatonreimbursement $1.500 employee 4210 Clinical supplies $5.50 per patient 4250 office walles $2,00 per patient 4310 Rent $1.500 per month +100 IT 4350 Repairs and maintenance $1,000 4410 Electricity $200 per square foot 44120 Gas $200 per square foot 4430 Water and sewage $100 per month Telephone $10 per month 4510 Malparctice insurance $3.000 4610 Depreciation 10% of investment. $80,000 4710 interest expense of $40,000 4810 Bad debt 1% of gross charges 4910 Marketing $100 per month 1920 Uniforms and laundry $8*2*4895 4930 Housekeeping $50 435 4940 Travel/professional meetings/mea $5.000 4950 CME $1.000 per year 1960 Other expenses 2 11% Total Expenses 2.400 2400 2150 8.000 $451.429 Statistics 90 patient visits per week Revenue 2.56*$34.023'5.500 Profit $27615 Table 5.3 Hospital Example Physician Example Table 5.4 Figure 5.2 Chapter 3. Scratch Budget Table 5.4 - Master Budget for the Physician Practice Productivity badge Standard Badger Ob Cote Description 4010 Managemen t 4020 Si n dware NOTE for Assignment This campehus 3mployeest Management and Nursed Billing Star Pasier this and Bier for physicacce Varybo 1urse and I biler for the base volume of 90 patients per week Your lice 22. Visits per mith l ume 4130 Retirement 556,245 RN $35.0 ball 62% of $113,000+ 1.45% unlimited 55,000 per employee owner LI% was 51. S oyee SS. $2.00 per patient 51,50 per 300 4140 Tanel 4210 Clinical pplies 4250 Office supplies 25.0 4410 Electricity $200 refoot 4420 $200 per square 4410 Windwe SIOON S180 per month 4510 Maarten 5,00 4610 Devin 106 , 510, 4710 interest 5% of $10,000 4810 Bad del 19 of charges S100 4920 Uniforms and laundry $ 4910 Home 55045 4940 Travelpo m wing mas 55,000 4950 CM So, per 9.110 543149 Total Statistik 2563146015500 5429014 Your practice has 22.000 viss per There is a $4,720 difference in the vistes per month versus per week with patient volume $22,000 per month The amount of patients seen within the month has caused the profit margins to increase. When statistics increase revenue changes and that also causes profits to change