HU Budgeting for Healthcare Program Reflection

Description

Please use the pre-filled-out proposed first-year program budget, and write a reflection on the items you included in the budget, as well as their estimated costs or revenues.

Specifically, you must address the following rubric criteria:

Purpose of the Budget: Describe the purpose of your program budget, along with your approach toward budgeting.
Resource Costs: Estimate the resource costs for your program, including the in-house and acquired resources for 12 months, and explain why these resources are essential for the program. Consider the following questions to guide your response:
How would you differentiate between in-house and acquired resources?
Which calculations would you use to estimate resource costs for 12 months?
One-Time Costs: Determine the one-time costs for your program, and describe why this calculation is important for estimating the program budget. Consider the following question to guide your response:
Which resources would you include under the one-time costs? Provide a rationale for each inclusion.
Ongoing Costs: Determine the components of ongoing costs you would list under this category. Consider the following questions to guide your response:
Which resources would you include under ongoing (continuing) costs? Provide a rationale for each inclusion.
Expected Sources of Income, Savings, and Funding: Determine the expected income, savings, and/or funding sources for your program, and describe how they meet your expense needs. Consider the following questions to guide your response:
Which types of funding would you prefer for your program and why?
Would the programænbsp;income sustain your program into the second year?

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IHP 670 Proposed Program Budget Template
Complete this template by replacing the bracketed text wi
Course
Program Name
Program Planner
Volume Projections
Year
2016
2017
2018
2019
2020
Projected Total Visits for 2021
Projected total is Total visits for prior year (2020) increased by
Average increase/year
Total visits
5,800
6200
6500
6850
7320
7734
Expenses
People
Staff by position (RN, Biller, Coder, etc.)
Cost/hour
Registered nurse
Biller
Coder
Urologist
Physiotherapist
38
28
25
130
50
Equipment
Ultrasound Machine
Blood pressure
Pulse oximeter
Arm chairs
Laptop
Cost per item
6000
95
30
41
1055
Equipment
Total Cost
$7,221.00
Space
Rental cost per year
$
Renovation cost
9,562
$
2,008
Supplies
Item
Pessaries
Syringes
Alcohol Wipes
Absorbent pads
Annual cost
$
$
$
$
696,060
38,670
773
3,016
Program Expenses
Total one-time expenses for equipment
Total annual operating expenses
(people, space, annual equipment
costs, supplies)
$7,221.00
$2,060,173
Annual earned revenue from billing
Annual saved revenue
Revenue
0
0
0
$
$
$
9,453,000
10,101,600
10,672,920
Profitability
Note revenue and income total not including donations
$
12,022,920
Note: Donations are money or gifts of things, donated by an
Subtract all operating expenses
$
9,962,747
lacing the bracketed text with the relevant information.
[Insert text.]
[Insert text.]
[Insert text.]
Increase
N/A
6.45%
4.62%
5.11%
6.42%
Average increase/year
N/A
N/A
N/A
N/A
5.65%
Hours/day
Hours/year
Total annual cost
7
8
8
2
3
2555
2920
2920
730
1095
97090
81760
73000
94900
54750
One-time cost (Yes/No)
Annual cost to operate/maintain
equipment
Yes
Yes
Yes
Yes
Yes
600
20
15
30
200
Expected donations for equipment,
space renovation
Expected grant income (please note
available grants and sponsoring
organizations)
$
$
$
$
$
$
50,000
150,080
175,000
Is this program sustainable?
Yes
850,000
905,000
1,350,000
Benefits
Benefit cost
24.00%
15%
13%
28%
25%
23301.6
12264
9490
26572
13687.5
Total Cost For One
Position
$120,392
$94,024
$82,490
$121,472
$68,438
Number of
Positions Needed
Total Cost
$5
$1
$2
$2
$3
$601,958
$94,024
$164,980
$242,944
$205,313

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