1. Should we consider buying this practice and why? 2. If we shouldn't' consider buying this practice, what interventions could be made that would convince us to buy the practice?
1. Should we consider buying this practice and why? 2. If we shouldn't' consider buying this practice, what interventions could be made that would convince us to buy the practice?
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Transcribed Image Text:Assumptions:
Plastic Surgery Practice
2 Surgeon, 2 Nurse Practitioner Practice
1 Front Desk Staff Member (Check In/Check Out)
5 Medical Assistants
2 Surgery Schedulers
2 Administrative Assistants
1 Practice Manager
1 Coding/Billing Staff Member
Physician 1 Patient Collections:
Physician 2 Patient Collections:
Nurse Practitioner 1 Collections:
250,000
Nurse Practitioner 2 Collections:
150,000
Physician 1 Compensation:
550,000
Practice Manager Compensation:
Coding/Billing Staff Member
Physician and Staff Fringe Benefit Rate
Supplies Expense:
Drug Expense:
Rent Expense:
Utilities Expense:
Physician 2 Compensation:
Nurse Practitioner 1 Compensation:
150,000
Nurse Practitioner 2 Compensation:
110,000
Front Desk Staff Member Compensation:
40,000
Medical Assistant Compensation: $35,000, $40,000, $40,000,
$45,000, $48,000
Surgery Scheduler Compensation: $40,000, $45,000
Administrative Assistant Compensation: $35,000, $38,000
$70,000
Depreciation Expense:
Malpractice Expense:
$1,200,000
$1,500,000
$
Travel Expense:
Equipment Repairs Expense:
Other Expense:
$
$
$ 700,000
$
$
$40,000
15%
$
$200,000
$500,000
$250,000
$100,000
$ 50,000
$ 30,000
$100,000
$ 25,000
$ 25,000
1. Should we consider buying this practice and why?
2. If we shouldn't' consider buying this practice, what
interventions could be made that would convince us to buy
the practice?
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