Preparing an Operating Budget Budget Budget C REVENUES Description Detail Yearly Budgeted Amount Clinic Revenue Lab 325 clients per mont

Preparing an Operating Budget

Budget

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Preparing an Operating Budget Budget Budget C REVENUES Description Detail Yearly Budgeted Amount Clinic Revenue Lab 325 clients per mont
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Budget C

REVENUES

Description Detail Yearly Budgeted Amount

Clinic Revenue Lab 325 clients per month, 3,900 total visits 163,800.00

Revenue Medications 195 of billable labs per month, 2340 labs per year 58,500.00

Revenue Procedures 162 meds per month, 1,950 per year 39,000.00

Revenue Less # of billable procedures done per year 26,000.00

Contractuals Percentage negotiated with payer 114,920.00

TOTAL CLINIC REVENUE 402,220.00

EXPENSES

Description Detail Yearly Budgeted Amount

PAYROLL

Provider salary Total salary 60,000.00

Receptionist salary 13,395.00

LPN salary 28,182.00

Total Salary & Wages: 101,577.00

Provider FICA Salary x 0.0765 4,590.00

Receptionist FICA Salary x 0.0765 1,024.68

LPN FICA Salary x 0.0765 2,155.92

Total FICA 7,770.60

Unemployment

Health Insurance 10,222.08

Life Insurance 2,216.00

Long Term Disability 666.00

401K Employer Contribution

Total Additional Benefits: 13,104.08

TOTAL PAYROLL: 122,451.68

OPERATING EXPENSES

Supplies Food 100

Misc. Supplies 1,000.00

Medications 5,000.00

Medical Supplies 4,500.00

Office Supplies 500.00

Printing 500.00

Postage UPS, Fed Ex, Postage 500.00

Professional Fees

Consulting Accountants fees 1,000.00

Audit Fee 1,500.00

Legal Fees 1,500.00

Licensing Fees Clinic 300.00

Bank Fees 250.00

Advertising 5,000.00

Insurance

Worker’s Compensation 1,575.00

Gen/Pro/Med Mal liability, professional liability, employment, practice liability, property insturance, etc. 15,000.00

Umbrella Ins. 830.00

D&O Ins. 1,000.00

Professional Development Meetings Continuing education for provider and staff 1,000.00

Cont. Memberships etc. Exp. Rural Health Association 300.00

Travel & Entertainment Monies for getting to conference 1,000.00

Facility

Telephone Regular Service 1,800.00

Internet Access 300.00

Utilities Water, Electric, Garbage 5,000.00

Small Equipment & Tools 300.00

Equipment Rental 1,200.00

Capital Equipment 10,000.00

Rent or mortgage 7,200.00

Maintenance cleaning service, building & grounds upkeep 1,600.00

TOTAL OPERATING EXPENSES 69,755.00

TOTAL EXPENSES 192,206.68

Yearly Budgeted Amount

NET INCOME (Loss) [Revenue – Expenses] 210,013.32