How many physicians and supporting staff are needed

Assignment Help Finance Basics

Reference no: EM133368868

Question: I have selected Miami-Dade County in Florida for my project. I have chosen this county because it is the county in which I live. The health care system in Miami-Dade County needs a physician outpatient clinic that can help to improve the health outcomes of residents with HIV/AIDS and diabetes.

Please follow the program template to help assist.

Part 3: Program Finances

Factors that determine the financial feasibility of a health care program include the cost of the facility, equipment, staff salaries, patient out-of-pocket expenses, and insurance reimbursement. Referring to the concepts practiced so far, work on the following:

Determine how many physicians and supporting staff are needed to operate the clinic, applying the appropriate ratio of clinical and support staff per physician.
Determine the direct costs of the program. Direct costs in this case are patient expenses, and they increase as the number of patients increase. These include:
Physician and procedural support staff costs per patient/procedure
Gloves, sutures, gowns, equipment, lab supplies, other supplies
Determine the indirect costs of the program. Indirect costs are overhead costs that include but are not limited to:
General support staff and related costs
Electronic medical records
Insurance and taxes
Facility and administration
Employee benefits such as health and life insurance, retirement plans, and fringe benefits
Determine the equipment costs of the program. This includes items for the physician clinic that will be used for more than one year. This is in contrast to variable costs which occur per patient and include such items as gloves, syringes, needles, and gauze, and would include items such as:
Examination tables
Workstations
Desks and chairs in the waiting room
Other equipment of this nature
Determine reimbursement for clinic services based on HCPCS/CPT codes with geographical adjustment.
Determine net reimbursement after variable costs per patient.
Determine how many patients the clinic will need to see (a) on average per day and (b) annually to break even on expenses.

Reference no: EM133368868

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