Question

Financial Planning 1. Briefly describe the planning process. Be sure to include summaries of the strategic, operating, and financial plans. 2. Assume you have the following budget information for 2023 for your healthcare organization Total FFS visit volume 90,000 visits Payer Mix • Blue Cross 40% • Highmark 60% Reimbursement rates • Blue Cross $25 per visit • Highmark $20 per visit Variable costs Resource Inputs 1. Labor 1. 48,000 total hours 2. Supplies 2. 100,000 total units Resource input prices: 3. Labor 3. $25.00 per hour 4. Supplies 4. $1.50 per unit Fixed Costs (overhead, plant, and equipment) $500,000 a. Construct your healthcare organization's operating budget for 2023. Place the table directly in this document. Ο Hint: reference Exhibit 8.3 on page 29

          Financial Planning
1. Briefly describe the planning process. Be sure to include summaries of the strategic, operating,
and financial plans.
2. Assume you have the following budget information for 2023 for your healthcare organization
Total FFS visit volume 90,000 visits
Payer Mix
• Blue Cross 40%
• Highmark 60%
Reimbursement rates
• Blue Cross $25 per visit
• Highmark $20 per visit
Variable costs
Resource Inputs
1. Labor 1. 48,000 total hours
2. Supplies 2. 100,000 total units
Resource input prices:
3. Labor 3. $25.00 per hour
4. Supplies 4. $1.50 per unit
Fixed Costs (overhead, plant, and equipment) $500,000
a. Construct your healthcare organization's operating budget for 2023. Place the table directly in
this document.
Ο Hint: reference Exhibit 8.3 on page 29

financial planning 1 briefly describe the planning process be sure to include summaries of the strategic operating and financial plans 2 assume you have the following budget information for 42307

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