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CHAPTER 8: FINANCIAL PLANNING & BUDGETING Homework Problem 3.4 Chelsea Clinic projected the following budget information for 2021: 80,000 vists 55% 45% $55 per visit

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CHAPTER 8: FINANCIAL PLANNING & BUDGETING Homework Problem 3.4 Chelsea Clinic projected the following budget information for 2021: 80,000 vists 55% 45% $55 per visit $60 per visit Total FFS Visits Volume Payer Mix: Blue Cross Highmark Reimbursement Rates: Blue Cross Highmark Variable Costs Resource Inputs: Labor Supplies Resource Input Prices: Labor Supplies Fixed Costs 0.8 hours per visit 1.4 units per visit $25.00 per hour $1.50 per unit $950,000 Using Exhibit 8.3 as a guide (excluding the capitated numbers since payers in this homework problem are all FFS) construct Chelsea Clinic's operating budget for 2021, including projections for volume, revenues, costs, and a P&L statement

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