Getwell Clinic - 1 Getwell Clinic Getwell Clinic HC/Acct 561 March 1 2011 2 Getwell Clinic As financial director of Getwell clinic I will propose a

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Unformatted text preview: 1 Getwell Clinic Getwell Clinic HC/Acct 561 March 1, 2011 2 Getwell Clinic As financial director of Getwell clinic I will propose a flu immunization service to increase revenues. I recommend that a new clinic service be introduce with the following features: Service would be Flu Immunization with a charge of $40.00 minus $10 for the cost of vaccine. The target market is 25% of the 25% expected patients out of the 24,000 population. This service will contribute $30 to the company’s bottom-line. To help with expenses I propose the clinic implement a flu immunization service charging $40 targeting 25% of the population of 24,000. Year 2016 2017 2018 2019 2020 2021 Number of patients 1,500 1,650 1,815 1,997 2,196 2,416 Charge fee per visit 40 40 40 40 40 40 Total revenue 60,00066,000 72,600 79,860 87,846 96,631 Variable expenses: Medical supplies 6 9,000 10,890 11,979 13,177 14,495 15,944 Service bureau 1 1,500 1,815 1,997 2,196 2,416 2,657 Other 3 4,500 5,445 5,990 6,588 7,247 7,972 15,000 18,150 19,965 21, 962 24,158 26,573 Depreciation Expenses 16,000 16,000 16,000 16,000 16,000 Total Expenses 31,000 34,150 35,965 37,962 40,158 26,573 3 Getwell Clinic Net Income 29,000 31,850 36,635 41,899 47,688 70,057 The number of patients is expected to grow by 10% each year as the popularity of...
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This note was uploaded on 07/11/2011 for the course ECON 561 taught by Professor Warren during the Spring '11 term at Andrews Univeristy.

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Getwell Clinic - 1 Getwell Clinic Getwell Clinic HC/Acct 561 March 1 2011 2 Getwell Clinic As financial director of Getwell clinic I will propose a

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