Scenario: You have been hired as the new manager of a startup primary care practice by three physician owners who have set up a for profit Limited Liability Company. Your first project is to put together what expenses are required to open this practice with the 3 physicinas who will practice here full time. 1. You start with a business plan. You will need a space plan. buy or lease space. You will assume a mortgagae payment or lease cost. Assume you will operate 5 days per week. 8 hours a day Staffing for the practice: clincial people, billing staff, reception, insurance verification staff, etc. An electronic billing/medical records system (least cost per month), office cleaning staff, medical waste removal service. Utilities cost Medical supplies Malpractice expense for 3 internists other operating expenses you deem necessary list all expenses and say which are fixed or variable 2. Develop a revenue budget: # of visits per physican for the year, ramping up from months 1-12, all visits will be 30 minutes each Identify which insurers you have contracts with for physican reimbursement and how much each will pay, per visit Calcualte the proportion of of total visits for each physician, by payer. 3. Develop a one year profit and loss statement for this 3 physician practice. Numbers should add correctly and will result in the projected first year proft or loss. The practic is for profit so taxes must be applied in determining profit or loss. This is a business plan profit and loss statement. All valves are assumed. In other words made up. No value is given. There are no values that are given. We basically make up numbers. I just want to know how this would be set up.