Home Health Care Services

Gary Korneff, Lisa Gill, Rahul Gupta, Sevak Hakopyan, Mark Lulechian

Assumptions

1. Two Month Retention of Patients

2. 16 Average Monthly Patients Visits

3. $ 132 per patient Visit

4. 15% Growth Rate after first year

5. No reimbursement for travelling Expenses

6. Operational… with Debt.

Salaries

Year 1 Year 2

Doctor on Staff $60,000.00 $63,000.00

Director of Nursing $132,000.00 $138,600.00

1st RN (English and Spanish Bilingual) Part Time $0.00 $55,016.00

2nd RN (English, Armenian and Farsi) Part Time $0.00 $55,016.00

3rd RN (English, Korean) Part Time $0.00 $55,016.00

Physical Therapist $13,613.60 $14,294.28

1st LVN (English and Spanish Bilingual) Part Time $27,508.00 $28,883.40

2nd LVN (Armenian and Farsi) Part Time $27,508.00 $28,883.40

3rd LVN (Korean) Part Time $27,508.00 $28,883.40

Receptionist $20,000.00 $21,000.00

Biller/Coder $24,000.00 $25,200.00

Consulting Fee $25,000.00 $25,000.00

Overhead

Rent of Facility $1,500 $1,500

Utilities $500 $500

Operation Equipment/Supplies $5,000 $250

Medical Equipment/Supplies $7,500 $500

Insurance $175 $175

Promotion

Newspaper   $500.00

Magazine   $1,000.00

Direct Mail   $250.00

Other   $1,000.00

Cash Flow

Introduction

Desire for the product?

Niche Market… language

Balance Sheet (Ending 2nd Year)

• Assets:Cash: $1,499,085.00

• Liabilities:

– Payables (Income Taxes) $499,489.00

– Shared Capital $30,000.00

–Retained Earnings $969,596.00

Income Statement (Ending 2nd Year)

• Income:Sales:

$1,894,464.00

• Expenses:

–Operating Expenses $836,979.00

– Taxes $359,545.00

NET PROFIT $697,940.00