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need help please show how you got the answers You are a physician practice manager opening a primary care practice in downtown San Diego You
need help please show how you got the answers
You are a physician practice manager opening a primary care practice in downtown San Diego You have been asked to put together a.pro-Jorma to illustrate what your staffing costs will be compared to what your revenue will be Here's what you know 1. The practice will hire 3 FTE Family Medicine Physicians 2. You will need 3200 Square feet of space 3. Space costs between $12-$15 per square foot in the buildings you are considering Total Revenue . You expect to pay an average of $190,000 for physician salary 5. Physician and Staff Benefits are 30% 6. Your doctors can each see 19 patients per day and work 225 days per year 7. Each patient visit reimburses $60 in revenue 8. You need to employ staff using the following benchmarks. Each benchmark represents the number of FTE staff for each physician, and their average salary Physician Salary and Benefits Staff Salary and Benefits General administrative 530,000 salary 024 Lease Total Expense Business office $55,000 salary 0.80 Medical receptionists $35,000 1.0 BNs 575,000 0 44 Staff Matrix Number of Multplie Doctors MAs, nurse aides $42,000 0.76 Number SalaryTotal Benelits T Total 0.24 30,000 0.80 55,000 Calculate your revenue Visits X Number of Days X Average Reimbursement X Number of physicians 31.00 30.44 0.76 35,000 75,000 Clinical Revenue 42,000Step by Step Solution
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