Budget Evaluation

Evaluation of Get Well Clinic Budget and Proposal – Team B

Cathy Jeffries

1/22/10

Team B: Cathy Jeffries, Christina Williams, Joseph Khayat, Kenneth Grant, Koby Clark

Christina Williams

Postive Comments: The electronic medical record system will serve the purpose of protecting patient files and immediate service. Organization is key along with protecting all the information of the clinic and patient. This will place us above the competition. Glad to see the 3% salary increase for the staff each year for the next six years. You must keep them happy and inspired so their work level is outstanding.

Suggestions: 5% patient growth is great which is projected but the number needs to be higher and I am sure the team will work towards this. At the same time, during the six years, you do not show additions to your labor force while you are increasing patient numbers. The ratios will be off and service will decline. This could lead to patients leaving and receiving medical services somewhere else to receive top notch service they deserve. The building is being rented which at 5% a year increase is something you must eliminate. Possibly purchasing a building is the way to go in a buyers market. This will help with the taxes at year end.

Joseph Khayat

Postive Comments: The 7% patient increase is aggressive and on the right track for growth potential. The Accounts Payable 5% is a great idea to keep the cash flow moving.

Suggestions: The rent increase does not show in your yearly updates at 5% each year. This will need to be recalculated to show the proper budget. You staff is only showing a 2% salary increase which may lead to individuals moving to other clinics or hospitals to be paid more. Appreciation and keeping salary up with the competition is very important. It cost more when employees leave and then you need to hire and train each person in hopes they stay after training. In the long run, this is not a...