Part 1 – Net Revenue per Patient
Using the Patient Cost Analysis Form in the Appendix from your “Revenue Management
Manual” text (Form A-26), calculate your current costs per patient using the following
information.
Total Number of Patients $16,245
Total Expenses $568,758
Fixed Expenses $389,600
Total Annual Revenue $1,090,800
o What is the Net Revenue per patient
Part 2 – Reviewing the Budget
Use the 2011 Budget for Main Street Medical Group (see attached-Summerville Family
Practice.pdf) as well as the Sample Operating Budget.
Compare the month of January to the Month of June.
Were these months over-budget or under-budget and why? As an office manager what do
you see that can be listed as issues in these months
Part 3 – Preparing a Budget for 2012
Use the 2011 Budget for Main Street Medical Group (see attached-Summerville Family
Practice.pdf). Make the following adjustments and share your results:
o Patient Revenue is expected to grow by 3% due to the signing of a new managed
care contract. What is the new dollar amount for patient revenue due to this
increase
o The cost of expenses is expected to increase to 1.5%. What is the new dollar amount
for the cost of expenses
o A new roof is needed which will cost $50,000. Prepare a new 12 month budget, in
MS Word or wordpad or MS Excel, which reflects the 3% growth in patient revenue,
the 1.5% in cost of expenses and the cost of the new roof.
Attachments:
family_practi….pdf
operating_bud….xls