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ASSIGNMENT ID
190955
SUBJECT AREA Finance
DOCUMENT TYPE Other types
CREATED ON 7th June 2017
COMPLETED ON 9th June 2017
PRICE
$40
15 offers received.
Expert hired: Mark Amina

Develop a static annual budget for the health center

Develop a static annual budget for the health center. You need to show your Revenue, your Expenses, and your Net Income In order to develop an accurate static budget you know you need to get some facts. You ask around to see what kind of information you can gather. This is what you find out: 1.The center pays rent of $12,000 per month. 2.The center has a number of full-time staff members: 4 physicians, 6 clinical staff members and 8 administrative staff members. 3.The center has to occasionally use part-time workers or pay overtime when patient volume is high. 4.The center sees about 3,000 patients per month. 5. Medical supply costs seem to run about $2 per patient. You know that this is not enough information to build a proper static budget, so you will need to make some assumptions to get the job done. You are comfortable with making assumptions because you know that it is OK to incorporate assumptions into a budget as long as you clearly identify the assumptions when you present the budget. You also know that it is important to make assumptions that are based on reliable information. Luckily, you recall that you have an HFMA membership and access to a variety of online databases with credible information!
Develop a static annual budget for the health center. You need to show your Revenue, your Expenses, and your Net Income In order to develop an accurate static budget you know you need to get some facts. You ask around to see what kind of information you can gather. This is what you find out: 1.The center pays rent of $12,000 per month.
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