Health 305 - Assignment 2 - Operating Budget

1BOCA CHICA MEDICAL CARE: OPERATING BUDGETRONDA TUTTStudy.comHealth 305: Healthcare Finance & Budgeting Operating Budget2BOCA CHICA MEDICAL CARE: OPERATING BUDGETBoca Chica Medical Care: Operating BudgetIntroductionA unique project to analyze for potential success is opening a private primary carephysician's practice. Introducing Boca Chica Medical Care facility, it will have five employees, aprovider, a nurse practitioner, an LPN, and an administrator. The facility's medical records willbe managed with a new Electronic Health Record System, have a laboratory for self-testing forimmediate turnaround response, and will be affiliating with the Memorial Herman AccountableCare Organization for the opportunity of investment returns on reimbursements, generate patientvolume, and to help promote healthcare prevention. The facility will be in a rural area located100 miles from any significant healthcare facility. The geographical population is within a 50-mile stretch area consisting of 20,000 citizens who only have immediate access to healthcare ifthey drive over an hour for their healthcare treatment. Annual Statistics ReportWith an area population of 25,000, Boca Chica Medical Care is expected to reach a total volume of 4,275 patients (see Table 1) in the first year, an estimated 17% of the 50-mile radius area population. Out of the 4,275 patients, the volume of patients for Medicaid recipients is