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University of New England

Community Health Center Proposed Budget. University of New England. DR. David Bearden School Finance-EDU 709 April 25, 2012. CHC Proposed Budget pg 1 of 8. Medicaid 12% increase SAGA 10% increase Self Pay increased by 18% Medicare 17% increase Insurance 5.92% increase

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University of New England

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  1. Community Health Center Proposed Budget University of New England DR. David BeardenSchool Finance-EDU 709April 25, 2012

  2. CHC Proposed Budget pg 1 of 8

  3. Medicaid 12% increase • SAGA 10% increase • Self Pay increased by 18% • Medicare 17% increase • Insurance 5.92% increase • The above have consistent increases each year which in turn increases patient revenue by 11.65%.

  4. CHC Proposed Budget pg 2 of 8

  5. 11.65% Increase in Patient Revenue is the result of hiring more providers e.g. MD, Nurse Practitioners, and needed support staff so the numbers of patients and visits increased.

  6. CHC Proposed Budget pg 3 of 8

  7. 8% shows increase in salaries that includes MD and NP and the support staff needed to see patients • 10.79% increase in benefits. Dental added to existing benefit package

  8. CHC Proposed Budget pg 4 of 8

  9. 20% Professional Consultants will increase significantly because the center is continuing to add Behavioral health services through contracts rather than hiring as center employees • 25% increase in Consultants for MIS finance. The center is implementing an Electronic Medical Records System for all patients. • Other consulting costs reduced as will be done internally.

  10. CHC Proposed Budget pg 5 of 8

  11. 15% increase in plant operations as they will expand new services e.g. open evenings and weekends • 40% increase to continue a major marketing plan to get more patients into care. • 40% increase in lab services because they will be adding dental services for our patients. • Medical Supplies will increase by 10% as they will see more patients. • Outside Services increases by 40% due to added professional staff expenses.

  12. CHC Proposed Budget pg 6 of 8

  13. CHC Proposed Budget pg 7 of 8

  14. Supplies increased by 6.05% as more patients will be seen. • Travel Expense increase of 6.93% • Miscellaneous Expenses increased 4.72% • Total Expenses increased to 8.06%

  15. CHC Proposed Budget pg 8 of 8

  16. Total Expenses increase of 8.06% • Net Income increase to 31.39% due to increase in patient visit volume and control of expenses planned. • The Health center continues to expand acquiring both patients and employees each year. Revenue and Expenses reflect this future growth.

  17. Defense of Decisions • After several discussions with Kathy G. we discussed several options and changes to my initial budget. I needed to decrease marketing along with the patients self pay. Also my Gross Profit percentage was not accurate. • Together we made changes to get this proposed finalized budget for the next year

  18. Personal Learning • We made several comparisons between a regular school system and the Community Health Center. • We discussed the similarities and differences in grants, salaries, benefits, increases, and decreases per year. • Overall I was able to maximize my finance knowledge through our conversations and Microsoft Excel spreadsheet comparisons. It was a great learning experience.

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