Sunnyvale Clinic Visit Forecast and Start-Up Costs In this assignment, you need to prepare the following information: Using the information for your assigned option, calculate
Sunnyvale Clinic Visit Forecast and Start-Up Costs
In this assignment, you need to prepare the following information:
- Using the information for your assigned option, calculate the patient visits for the next three years and prepare a line chart (See embedded Final Project file). The line chart should include a chart title, the X and Y-axis title, and the projected patient visits forecasted.
- Assuming the renovation cost is $100 per square foot, estimate the construction cost for the new clinic site [$100 times the square footage]. Assume the renovation will take three months and you need to prepare the budget for the renovation, including the three months of rent. What is the cost of the renovation and three months of rent? Show all work.
- Using the Final Project Assumptions Template Download Final Project Assumptions Template, estimate the start-up costs for the clinic. Start-up costs include the renovations, rent during renovation, and capital costs.
Sheet1
| HIM445 | Project Management | ||||||
| Resource information and format | |||||||
| Patient visits | Year 1 | Year 2 | Year 3 | ||||
| Option 1 | Primary Care Clinic | 7500 | Assume 10% increase over Year 1 | Assume 10% increase over Year 2 | |||
| Option 2 | Surgical Care clinic | 8000 | Assume 10% increase over Year 1 | Assume 10% increase over Year 2 | |||
| Option 3 | Dermatology Clinic | 7000 | Assume 10% increase over Year 1 | Assume 10% increase over Year 2 | |||
| Staffing | Year 1 | Year 2 | Year 3 | ||||
| Option 1 | Physician | 2 | 2 | 3 | |||
| ARNP or Physician assistant | 0 | 0 | 0 | ||||
| Office Manager | 1 | 1 | 1 | ||||
| Sr. LPN | 2 | 2 | 3 | ||||
| Receptionist | 1 | 2 | 2 | ||||
| Medical Assistant | 1 | 2 | 2 | ||||
| Year 1 | Year 2 | Year 3 | |||||
| Option 2 | Physician | 1 | 1 | 2 | |||
| ARNP or Physician assistant | 1 | 1 | 2 | ||||
| Office Manager | 1 | 1 | 1 | ||||
| Sr. LPN | 2 | 2 | 3 | ||||
| Receptionist | 2 | 2 | 3 | ||||
| Medical Assistant | 2 | 2 | 2 | ||||
| Year 1 | Year 2 | Year 3 | |||||
| Option 3 | Physician | 1 | 1 | 2 | |||
| ARNP or Physician assistant | 1 | 1 | 1 | ||||
| Office Manager | 1 | 1 | 1 | ||||
| Sr. LPN | 2 | 2 | 2 | ||||
| Receptionist | 1 | 2 | 2 | ||||
| Medical Assistant | 2 | 2 | 2 | ||||
| Average expense per category in Year 1 | |||||||
| § Central Sterile Supply | $20 per month | ||||||
| § Dietary | $50 per month | ||||||
| § Depreciation | $540 per month | ||||||
| § Hazardous waste disposal | $150 per month | ||||||
| § Insurance | $400 per month | ||||||
| § Maint/Housekeeping | $600 per month | ||||||
| § Laundry/Linen | $100 per month | ||||||
| § Miscellaneous (Define what is included in this category) | $600 per month | ||||||
| § Office supplies | $120 per month | ||||||
| § Rent | Students should identify a property in their local area that is approximately 3,000 sq feet for a medical office | ||||||
| § Repair of Equipment | $30 per month | ||||||
| § Staff Development | $200 per month | ||||||
| § Telephone/Internet | $120 per month | ||||||
| § Utilities | $200 per month | ||||||
| Assumptions: | Average charge is $120 | ||||||
| Contractual adjustment is 30% | |||||||
| Expenses increase by 5% in year | |||||||
| Initial capital costs for furniture, equipment, supplies and contingency is : | |||||||
| Option 1 Primary Care Clinic | $310,245 | ||||||
| Option 2 Surgical Care Clinic | $345,345 | ||||||
| Option 3 Dermatology Clinic | $275,000 | ||||||
| Proforma Format | |||||||
| Revenue | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | ||
| Gross Revenue | [# of visits X average charge] | ||||||
| Contractual Adjustment | [.30 X average charge] | ||||||
| Net Revenue | [Gross revenue – Contractual adjustment] | 0 | 0 | 0 | 0 | 0 | |
| Operating Expenses | |||||||
| Salaries | |||||||
| Physician | Students should use nationally available average salaries for each position. Remember to multiply the average salary by the number of ftes. | ||||||
| ARNP or Physician assistant | |||||||
| Office Manager | |||||||
| Sr. LPN | |||||||
| Receptionist | |||||||
| Medical Assistant | |||||||
| Total Salaries | 0 | 0 | 0 | 0 | 0 | ||
| Benefits | [Calculated at 30% of salary] | ||||||
| Total Salary & Benefits | [Add Salary & Benefits] | 0 | 0 | 0 | 0 | 0 | |
| Other expenses | |||||||
| § Central Sterile Supply | |||||||
| § Dietary | |||||||
| § Depreciation | |||||||
| § Hazardous waste disposal | |||||||
| § Insurance | |||||||
| § Maint/Housekeeping | |||||||
| § Laundry/Linen | |||||||
| § Miscellaneous (Define what is included in this category) | |||||||
| § Office supplies | |||||||
| § Rent | |||||||
| § Repair of Equipment | |||||||
| § Staff Development | |||||||
| § Telephone/Internet | |||||||
| § Utilities | |||||||
| Total Other Expenses | 0 | 0 | 0 | 0 | 0 | ||
| Total Expenses | 0 | 0 | 0 | 0 | 0 | ||
| Net Income | Revenue minus expenses | 0 | 0 | 0 | 0 | 0 | |
| Note: Some formulas were pre-populated to assist you in preparing the proforma |
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