Expand to 10 years with a 3% increase in the staff salary,

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

Revenue

Gross patient services revenue (GPSR)

$ 20,075,000.00

Payment on account factor (PAF %)

38%

38%

38%

38%

38%

38%

38%

38%

38%

38%

Net professional services revenue (NPSR)

$ 7,628,500.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Total Operating Revenue

$ 7,628,500.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Expenses

Psychiatrists

$ 250,000.00

Therapists

$ 200,000.00

Nurses

$ 200,000.00

Support staff

$ 150,000.00

Subtotal of staffing plus 28% premium for benefits

$ 800,000.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Electronic health record

$ 65,000.00

HIPAA compliance video-conferencing software

$ 25,000.00

Compliance auditing tools:

$ 5,000.00

Translation services

$ 7,500.00

Hardware

$ 65,000.00

Subtotal of technology and infrastructure

$ 167,500.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Licensing and credentialing fees

$ 2,500.00

Liability insurance

$ 2,500.00

Malpractice insurance

$ 17,500.00

Subtotal of compliance and legal expenses

$ 22,500.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Marketing and advertising

$ 8,500.00

Patient education materials and consent forms

$ 750.00

Subtotal of marketing and outreach

$ 9,250.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Emergency response system

$ 100,000.00

Assessment tools

$ 3,000.00

Subtotal of emergency response and crisis management

$ 103,000.00

Utilities

$ 1,500.00

Rent

$ 25,000.00

Furnishings

$ 90,000.00

Subtotal of furniture and office space

$ 116,500.00

Total Operating Expenses

$ 1,218,750.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Profit / (Loss)

$ 6,409,750.00

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

ROI

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

$ 6,409,750.00

• 10-year budget showing the capital investment and the operating outcome over 10 years for implementing a Comprehensive Telepsychiatry Program.
• Provide appropriate background on the situation so you know the history and challenge this situation presents to the organization.
• Use straight-line depreciation over the 10 years.
• Calculate the payback period, ROI, IRR, and a fourth calculation relevant to your project.
• Executive summary supporting your solution.