HIT2400 ROI Cost Analysis.docxReview the attached ROI budget report for FY 2017. XYZ hospital has been given the 2018 set budget for the ROI Unit, and your role as the HIM director is to review the FY2017 budget year report and determine what needs to be done to operate within the new budget in 2018. This includes identifying any budget variances from 2017, correlating any impact factors or department changes that took place in 2017, and assessing for how to best operate within the new budget parameters. After assessing the budget reports and key indicators, answer the following questions in your initial response:

1. Did the ROI Unit operate within budget for the FY 2017?
2. What Months did the ROI Unit meet budget?
3. What months did the ROI Unit exceed Budget?
4. What was the budget variance for the months that exceeded the budget?
5. The 2018 ROI budget has been set at $950/month. What could be done differently in 2018 to close the budget variance from 2017?

ROI Cost Analysis

The following two charts indicate the FY2017 expenses and revenue for the Release of Information Unit:

ROI Expenses FY2017
Expenses:	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Staff	1650	1650	1650	1650	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500
ROI Tracking System	745	745	745	745	745	745	745	745	745	745	745	745
Paper Office Supplies	215	215	185	175	170	175	160	118	125	110	115	110
Copier/Fax	45	45	45	45	45	45	45	45	45	45	45	45
Total	2,655	2,655	2,625	2,615	3,460	3,465	3,450	3,408	3,415	3,400	3,405	3,400

ROI Revenues FY2017
Revenues:	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Disability Requests	800	765	715	660	660	615	585	610	590	640	575	590
Attorney Requests	1900	995	875	820	780	755	770	740	745	680	595	630
Personal Requests	375	210	175	115	110	130	95	105	90	95	80	85
Total	2,375	1,970	1,765	1,595	1,550	1,500	1,450	1,455	1,425	1,415	1,250	1,305