Currently you manage a busy nurse-led clinic with 4 full time family nurse practitioners. Youwould like to
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Question:
Currently you manage a busy nurse-led clinic with 4 full time family nurse practitioners. Youwould like to create a new model of care where your providers can conduct some of the officevisits in the patients' home. Create a quick financial analysis for the following situation:Analyze whether or not it's financially feasible to provide home office visits within yourexisting practice. Below are your assumptions:
- Staffing needs: 1 APRN at $98,000/salary and 36% fringe.
- Equipment needs: 1 laptop ($1700), software ($8,000), peripherals ($12,000)
- Transportation and supply costs: $20/visit
- You can expect an average insurance reimbursement of $65/visit.
- How many visits/year do you need to make to break-even? Is that number reasonable?
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