Imagine you are a clinical manager of UMGC Health Care primary care services and in charge of developing a projected annual operating budget. Your budgetary figures are as follows: For fiscal year 2017 and 2018, your clinic received $3 million from the government as fee-for-services reimbursements, as well as $1.1 million from private payers. The clinic has an annual fund-raiser that historically brings in $180,000 and a grants department that brings in $1.2 million annually. Your chief financial officer (CFO) has provided you with the following annual expenses: UMGC Health Care Annual Expenses:
Imagine you are a clinical manager of UMGC Health Care primary care services and in charge of developing a projected annual operating budget. Your budgetary figures are as follows: For fiscal year 2017 and 2018, your clinic received $3 million from the government as fee-for-services reimbursements, as well as $1.1 million from private payers. The […]