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October 23, 2014

Homework Help: Healthcare Finances

Posted by LaToya on Saturday, July 21, 2012 at 4:14pm.

You are considering starting a walk-in clinic. Your financial projections for the first year of operations are as follow:
Revenues (10,000 visit) $400,000
Wages and benefits $220,000
Rent $5,000
Depreciation $30,000
Utilities $2,500
Medical supplies $50,000
Administrative supplies $10,000
Assume that all costs are fixed, expect supply costs, which are varible. Futhermore, assume that the clinic must pay taxes at a 30 percent rate.
a. Construct the clinic's projected P&L statement.
b. What number of visits is required to break even?
c. What number of visits is required to provide you with an after-tax profit of $100,000.

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