Preparing the Budget

ACC/HC561

Preparing the Budget

Team D serves as the financial directors for a clinic that is a sector of Getwell Clinics. The clinic expects to capture 6,000 patients out of the community’s 24,000 in total population. A proposed sum of 30,000 annual visits will disburse evenly throughout each year. The financial directors made the determination of implementing a new incorporated blood bank service into the clinic’s current laboratory. The allowed budget amount for the partnership is $80,000. Accomplishing the adaptation of the new service while staying within budget will require that Team D views all three benchmarks (the organization’s history, a comparison of the organizations to a specific competitor’s, and an industry-wide comparison). Data provided by each of the three benchmarks will enable the best approach in structuring a solid budget.

Proposal of New Service to be implemented at Getwell Clinics

“Only 37 percent of the U.S. population is eligible to donate blood – less than 10 percent do annually” (America’s Blood Centers, 2011). Provided with $80,000 to develop a new service within the clinic, the constant need for blood created a spark of innovation in Team D to help aid in the country’s need for blood supply. The clinic expects to see approximately 6,000 patients a year, resulting in 2,220 potential and eligible donors. Team D determined that the process for screening, processing, storing, and distributing blood requires a lot of resources that are out of reach for the clinic to progress on their own. The costs and lack of current networking relationships led the team to determine that a partnership is the best solution in providing the service while staying within budget. The incorporation of a blood-bank into the clinic’s current laboratory would require a partnership with the American Red Cross. The incorporation will enable fewer costs than required if the clinic attempted to donate blood on their own. Some of the costs associated with...