Health Care Finance

Health Care Finance

Student’s Name

Institution

Mama’s Life Care Business Plan Income Statement 2013

Operating Revenues 2013

2012

Gross Patient revenue $250000 $260000

Other operating revenues $14000 $13000

Free care $5000 $6000

Patient service accrued revenue $180000 $190000

Sum operational revenues 449000 $469000

OPERATING EXPENSES

Operational expenses $168000 $170000

Depreciation $13000 $13500

Bad debt $5000 $6000

Total expenses $186000 $189500

Net Income $263000 $279500

NON OPERATIONAL REVENUE

Excess revenue $10000 $9000

Income invested $2600 $3000

Revenue non operational $3000 $4000

Losses/Gains $150 0

Total Deficit/Surplus 10000 8000

Service Description section

Physicians tend to complain that their patients are more demanding in fporm pf care and thus require more funding. This will have to be taken care of by ensuring that there are enough drugs for patients. Mama’s Life Care Business Plan will pride itself in hiring absolutely bteh best representatives in health care. In this regard Mama’s Life Care Business Plan will offer one of a kind benefits package with services that are of high quality to a broad range of customers. This is because the medical center prides itself in offering the best for its esteemed customers.

Its medical service representatives serve customers through getting phone calls related to heath services. This enables patients in the community to get the best out of the medical. The service center. Nurses tend to quickly answer any callers They will also will provide customers with the procedures, policies and programs regarding the Mama’s Life Care center services. Apart from that they will gather and enter information into the right medical service system. Patients will be referred by the nurses to our consultants to take care of their needs at affordable prices.

Equipment Description section

The Mama’s Life Care medical center will ensure it has enough equipment for its clients. This will ensure that if they visit the health center they do not have to be diagnosed and seek treatment elsewhere. Electronic radiation will be minimized through ensuring that the best equipments are used for the right purposes with the right enabling environment.

The devices will vary from complex bedpans to simple tongue depressors. Although there is likely to be installed a cancer rehabilitation center with separate machines there is likelihood that the medical center will have to engage its financiers first. The hospital will provide a website to engage with both its clients and consumers. This will ensure that everyone is kept abreast with what is occurring on the ground at the hospital.

The Mama’s Life Care medical center will purchase three ambulances to serve its surrounding communities for the first one year of official operations but this is slated to increase to ten by the third year of operations. People with various disabilities will be taken care of in the hospital’s therapy room which will consist of the state of the art equipments. To ensure that people recovering from accidents are able to walk the Mama’s Life Care center will engage the best therapists.

Assumptions

In making the Mama’s Life Care Business Plan it has been assumed that the business started last year and that it is already getting visitors. It is also assumed that this will be a big public medical service center with investment worth billions of dollars. It is therefore likely bto work as a referral facility. The hospital is also presumed to be getting a lot of assistance bfrom donors.