“I have neither received nor given unsanctioned help in the completion of this assignment. I
have not copied the ideas or work of others nor have I misrepresented myself or my work”,
Joseph Murphy, Brian Wolosky, Joshua Fundis.
Cost analysis is breaking down the costs of the Neurology department and each factor
associated with it separately.
It is done to review and evaluate each element of cost to determine
It illustrates the feasibility of the project.
The cost analysis for this department
starts with the personnel wages, staff equipment costs, the necessary equipment costs, and the
building costs whether by moving inside the current building or building new.
The national median salary for a Neurologist in the United States is $203,884.
percentile it the average is $172,974, but in the 75
percentile the average is $242,348
(Average Neurologist, 2009).
To retain a senior neurologist a yearly salary of $240,000 would
It is slightly more than the national average but, this is because it requires more effort
to open a Neurology department and the added incentive would help retain personnel.
junior neurologists would be paid $170,000 per year, since they are not senior neurologist and
still have to do training.
The national median salary for a receptionist in the United States is
In the lower 25
percentile it the average is $25,510, but in the 75
average is $32,105 (Average Receptionist, 2009).
The yearly salary for each of the three
receptionists would be $30,000, again slightly higher than the national average because of the
extra effort when opening a new department.
The yearly wages for the seven member staff is