Service Description
The Garden City Long Island, Mobile/Office Foot care, is the health care organization idea I had to contribute to the overall good health of the community. The organization has an outline of all the necessary contact information to assist the patients in receiving medical attention for their feet as they register, make appointments or require home services. Such information includes the organizational email address, social media platforms, mailing address, primary contact, location information, and phone numbers. The health care facility will also be for profit, though at relatively lower costs than hospitals. The clinic will operate Monday through Saturday from six o’clock in the morning to seven o’clock in the evening, serving all the nearby residents of all ages. The organization will hire six registered nurses to give more specialized care for the elderly regarding foot care.
The registered nurses at the health care facility will perform various services that distinguish the Garden City Long Island mobile foot care from the other clinics. One of the primary concerns of the nurses at the facility will involve using the right medication and treatment to reduce pain in the patients’ feet. The nurses will trim nails and treat fungal nails in a patient’s feet since hygiene is basic in foot care yet many people fail to observe which is why they end up with the feet problems. All the nurses will carry a bag full of creams, medicated soaps, and other necessities to carry out the foot cleaning. The nurses will also address calluses and corns as part of their job description. Additionally, the nurses will take care of noticeable skin issues among the patients since foot problems also affect the skin around adversely. For the patients with difficulties in finding the correct shoes to wear, the nurses will conduct a shoe assessment and fitting test. Moreover, the nurses will assist patients in having better blood circulation in the feet through massage and sharing of nursing knowledge.
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Operating Budget
The operating budget of the Garden City Long Island Mobile/Office foot care will concentrate on the first year operating a budget that includes the expenses, generated revenue and the operating income. Running the foot care facility properly may contribute to it generating revenue of at least three hundred thousand dollars every month which makes it four million dollars annually. The revenues could increase gradually since the facility will offer satisfying services to the patients, thereby reduce readmissions. The supply costs will also be lowered in the facility since the nurses and physicians will be available for those in need of home care services and at the clinic. Additionally, the facility will deal with foot care services, hence outsourcing some services will create extra income for the facility.
The expenses of running the Garden City Long Island/Office foot care will be quite high in the first year, though the company will work on reducing all the unnecessary expenditure. The company will first hire few technical workers such a qualified accountant who will assist the facility reduce on the input and increase the output just like in any other flourishing business. For instance, the technical staff will keep the costs of electricity, water, marketing, and other materials on manageable levels where they are quality yet affordable. The other expenses to work out include rent, salaries for both part-time and full-time employees, the facility vehicle, insurance cover, office, and medical supplies. Some funds will also be allocated for the depreciating equipment.
The operating income of the foot care health facility will come from the specialized patients care of their feet offered by the nurses and physicians at the clinic. The amount could be two hundred and fifty thousand dollars every month which equals to three million dollars yearly. All the extra care will be offered at a reasonable fee for the patients. For instance, the feet massage to allow for proper blood circulation, feet hygiene, and health education classes will cost patients some extra money. The other basic care services such as screenings, treatment, consultations, and laboratory tests charges will also contribute to the operating income.
Income Statement
| Garden City Long Island Mobile/Office Footcare | ||||
| Annually Income Statement for 2019 | ||||
| Monthly | Annually | |||
| Revenue | $336,000 |
4,032,000 |
||
| Expenses | ||||
| Rent (10,600*12) | $10,600 |
127,200 |
||
| Salaries Full-time | 44,939 |
539274 |
||
| Marketing | $32,028 | |||
| Medical Supplies | $8,000 |
96,000 |
||
| Office Supplies | $1,200 |
14,400 |
||
| Depreciation Equipment | $7,000 |
84,000 |
||
| Insurance | $1,000 |
12,000 |
||
| Furniture | $15,000 |
180,000 |
||
|
Company Vehicle Other annual expenses: Repairs and maintenance $1,500 Professional services $1,000 Medical Billing $20,000 Telephone services $5,000 Janitorial services $1,500 Medical waste $2,000 |
$679 |
8,152.92 |
||
| Total Operating Expenses |
$120,446 |
1,061,026 |
||
| 1,092,026 | ||||
| Salaries |
Number |
Annual Salaries | ||
| Full-Time | ||||
| Podiatrist |
2 |
288,220 |
||
| Foot Care Nurses |
6 |
525, 492 |
||
| Administrative( scheduling& Billing |
3 |
120,000 |
||
| Clinical Staff |
3 |
200,000 |
||
| REVENUE | ||||
| Patients per month |
1,120 |
|||
| Revenue per patients |
300 |
|||
| Revenue per month |
336,000 |
|||
|
1 |
||||
References
Himmelstein, D. U., Jun, M., Busse, R., Chevreul, K., Geissler, A., Jeurissen, P. ... & Woolhandler, S. (2014). A comparison of hospital administrative costs in eight nations: US costs exceed all others by far. Health Affairs , 33 (9), 1586-1594.
1 Himmelstein, D. U., Jun, M., Busse, R., Chevreul, K., Geissler, A., Jeurissen, P. ... & Woolhandler, S. (2014). A comparison of hospital administrative costs in eight nations: US costs exceed all others by far. Health Affairs , 33 (9), 1586-1594.
