Home Health Care Services Gary Korneff, Lisa Gill, Rahul Gupta, Sevak Hakopyan, Mark Lulechian.
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Transcript of Home Health Care Services Gary Korneff, Lisa Gill, Rahul Gupta, Sevak Hakopyan, Mark Lulechian.
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