[Requires Chapter 2] Data for the Most Recent Four Months

question 81

Essay

[Requires Chapter 2] Data for the most recent four months of operations for the Newtown Family Practice Clinic appear below:
March April May
Patient-visits 1,600 1,500 1,900
Costs:
Physicians' salaries $60,000 $60,000 $ 90,000
Nurses' salaries 20,000 20,000 30,000
Supplies 2,100 2,250 2,850
Utilities 600 480 400
Rent 1,000 1,000 1,000
Miscellaneous 9,400 9,000 10,600
Total $86,000 $85,680 $125,930
At the beginning of May, part-time employees were hired to handle increasing numbers of patients.
a)Newtown Family Practice Clinic is a not-for-profit medical clinic serving low income patients. Develop a cost function that can be used to forecast June costs. Explain the decisions you made in developing the cost function.
b)If the average fee per patient-visit is $60, estimate how many patient-visits would be required in June to break even.
c)If 1,900 patient visits are expected during June, what average fee must be set for the clinic to break even?
d)List factors that would affect patient volumes in a medical clinic.

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Definitions:

Nurse's Assumptions

Preconceived notions or beliefs held by nurses that can affect how they assess and treat patients, potentially influencing patient outcomes.

Critical Thinking Model

A framework used to enhance the process of problem solving and decision making through careful analysis, evaluation, and synthesis of information.

Clinical Decisions

Choices or judgements made by healthcare professionals regarding the diagnosis, treatment, and care of patients, based on clinical evidence and patient information.

Nursing Process

A systematic approach to nursing practice involving assessment, diagnosis, planning, implementation, and evaluation to deliver optimal patient care.