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VENICE FAMILY CLINIC
MOBILE HEALTH VEHICLE PROPOSAL
IHP 450 Healthcare Management and Finance
7-1
Final
Presentation
VENICE FAMILY CLINIC
High
quality
comprehensive
health
care
to
families
and
individuals
who
might
otherwise
go
without
the
care they need.
Vision:
To
Improve
the
health
of
people
and
communities
through
accessible,
quality
care.
Mission:
To
provide
quality
primary
health
care
to
people in need.
2022 Mobile Health Vehicle Proposal 2
FUNDING
$28,694,912
$17,227,792
$18,167,900
$3,123,504
Third Party Reimbursements
Amount obtained via
VFC Annual Report
2021.
Government
Contracts
&
Grants
Amount obtained via
VFC Annual Report
2021.
Private
Support
Amount obtained via
VFC Annual Report 2021.
Investment
Income
Amount obtained via
VFC Annual Report 2021.
2022 Mobile Health Vehicle Proposal 3
BIG PICTURE
$5,917,859 (total revenue) - $2,711,361 (expenses) = $3,206,498 (capital gains)
INVESTMENTS
$3,123,504 (2021) - $1,713,914 (2020) = $1,409,590 (increase)
FINDING
Venice
Family
Clinic
is
in
excellent
financial
condition.
RECOMMENDATION
Further
investment
in
Mobile
Health
Vehicles.
FINANCIAL CONDITION
2022 Mobile Health Vehicle Proposal 4
TRENDS IN HEALTHCARE
Benefits of Mobile Health
•
Closes patient location and transportation gaps in
care.
•
Offer flexibility in hours and services
•
Lowers emergency room visits.
•
Comfort of patients less likely to seek health from a
traditional health care facility.
•
Customizable to local population needs.
•
Serving predominantly homeless individuals can
expand their services beyond what a doctor’s office
provides, including offering access to clothing, food,
and shelters.
•
Can easily relocate for higher need or crisis.
•
“Participating in these early prevention and diagnostic
services, patients were more likely to receive accurate
diagnoses and needed care before health conditions
become severe, improving health outcomes”
(Craftsman Industries, 2021).
Financial Benefits Mobile Health
• Retuín on investment: $12.00 foí eveíy $1.00
spent (Move Mobility, n.d.)
•
Reduced
operational
costs.
•
More
patient
visits
the
higher
the
revenue
from third-party payers.
•
Reduces
cancellation
rate.
•
Each
mobile
vehicle
visit
saves
healthcare
system
and
average
of
$1600
in
prevention.
•
Secondary
benefits
of
free
marketing
and
advertising.
•
Payable
by
third-party
payers.
2022 Mobile Health Vehicle Proposal 5
PROPOSED CAPITAL BUDGET ITEM:
MOBILE HEALTH VEHICLE
2022
Mobile
Health
Vehicle
Proposal
6
STRATEGIC GOALS
EXPAND PATIENT POPULATION
Closes
patient
location
and
transportation
gaps
in
care,
by
meeting
them
where
they
are,
offer
flexibility
in
hours
and
a
variety
of
services.
QUALITY OUTCOME IMPROVEMENT
“Participating
in
these
early
prevention
and
diagnostic
services,
patients
were
more
likely
to
receive
accurate
diagnoses
and
needed
care
before
health
conditions
become
severe,
improving
health outcomes” (Craftsman Industries, 2021).
COMMUNITY CONTRIBUTION
Expand
services
beyond
what
a
doctor’s
office
provides,
including
offering
access
to
clothing,
food,
and
shelters.
(Working
with
support
systems)
2022
Mobile
Health
Vehicle
Proposal
7
MOBILE HEALTH VEHICLE OPTIONS
OPTION ONE
Mobile
Medical
Clinic
Truck:
Provides
a
climate-
controlled
space
for
exams,
inoculations,
lab
space,
and
testing
for
remote
areas
or
multiple
locations
throughout
the
day.
OPTION TWO
Class A or Super C RV Diesel Chassis:
ADA-compliant, with capabilities
include dental exams, vaccinations,
x- ray, eye exam, health screenings
and more.
OPTION THREE
Custom
Medical
Trailer:
Single a a or a double-wide
available with room options,
including exam rooms,
reception areas, cabinets,
sinks, a a rest a rooms,
refrigeration,
freezers,
ADA
lift,
climate control, areas for labs,
testing and inoculations.
2022 Mobile Health Vehicle Proposal 8
CHOOSING OPTION TWO:
CLASS A OR SUPER C RV DIESEL CHASSIS
$200,000 = Vehicle Base Cost
$25,000 = Customization for VFC
$40,000 = Driver Salary
$20,000 = Gas for first year (forecast)
$15,000 = Vehicle Maintenance per Year (forecast)
$300,000
=
Total
2022
Mobile
Health
Vehicle
Proposal
9
FINANCIAL RESEARCH
Cost Savings
• The full purchase price of system
deductible in the first year or may
spread the payments over 3 years.
Lower liability and insurance than
option one and two.
• Reduced operational costs.
•
Reduces
cancellation
rate.
• Each mobile vehicle visit saves
healthcare system and average of
$1600
in
prevention.
•
Secondary
benefits
of
free
marketing
and advertising.
Revenue
Generation
• Retuín on investment: $12.00 foí
eveíy $1.00 spent (Move Mobility,
n.d.)
• More patient visits the higher the
revenue
from
third-party
payers.
20XX Pitch Deck 10
ORGANIZATIONAL RESOURCES
Chief
Financial
Officer
Chief
Medical
Director
Compliance
Department
Medical Staff
Patient
Services
Department
Marketing
&
Advertising
Department
Additional:
Driver,
mobile
staff,
mechanic,
medical
supplies,
etc.
2022
Mobile
Health
Vehicle
Proposal
11
2022
JAN
MAR
APR
MAY
JUL
AUG
SEP
DEC
2023
FEB
MAR
APR
JUN
JUL
AUG
NOV
DEC
SEP
MAY
JAN
NOV
JUN
FEB
COMMUNICATION
PLAN
Interim
communication
via
email
between
project
managers,
project
dedicated
employees
on
a
bi-monthly
basis
to
address
changes,
roadblocks,
unforeseen
costs,
status
of
budget.
Initial Budget
Meeting
Attendees: All
Virtual Meeting for Budget
Updates
A
t
t
e
n
d
e
e
s
:
C
F
O
,
P
r
o
j
e
c
t
Ma
n
a
g
e
r
s
o
n
l
y
Year-
End
Budget
Review
A
t
t
e
n
d
e
e
s
:
A
l
l
E
x
p
a
n
s
i
o
n
B
u
d
g
e
t
a
Me
e
t
i
n
g
A
t
t
e
n
d
e
e
s
:
A
l
l
V
i
r
t
u
a
l
Me
e
t
i
n
g
f
o
r
B
u
d
g
e
t
U
p
d
a
t
e
s
A t t e n d e e s : C F O ,
P r o j e c t
M a n a g e r s
o
n l y
F
i
s
c
a
l
Y
e
a
r
e
n
d
B
u
d
g
e
t
R
e
v
i
e
w
Attendees: All
20XX Pitch Deck 12
STATEMENTS
2021
Venice Family Clinic Foundation 2021 Annual Report
2020
Venice Family Clinic Foundation 2020 Form 990 Public Disclosure
2019
Venice Family Clinic Foundation 2019 Form 990 Public Disclosure
2022 Mobile Health Vehicle Proposal 13
EXPENSES
$200,000 = Vehicle Base Cost
$25,000 = Customization for VFC
$40,000 = Driver Salary
$20,000 = Gas for first year (forecast)
$15,000 = Vehicle Maintenance per Year (forecast)
Additional: Vehicle registration, inspection, medical
supplies to stalk and restock mobile clinic, staff trainings,
etc.
2022
Mobile
Health
Vehicle
Proposal
14
REASONING
•
No interest
•
No extended payments
•
Donor
contribution
review
•
Deductibility
•
Minimal initial salary impact
•
Cancellation
reduction
•
Expand patient access
•
Grow
patient
population
•
Raising revenue
20XX Pitch Deck 15
RATIOS & CALCULATIONS
ROI = NET RETURN ON INVESTMENT / COST OF
INVESTMENT X 100%
OPTION ONE
Mobile
Medical
Clinic
Truck:
$
2
,
1
6
0
,
000
/
1
00
,
000
X
1
00
=
2
,
1
6
0
%
OPTION TWO
Class A or Super C RV Diesel Chassis:
$3,600,000 / 200,000 X 100 = 1,800%
OPTION THREE
Custom
Medical
Trailer:
$
5
,
1
00
,
000
/
3
00
,
000
X
1
00
=
1
7
00
%
2022 Mobile Health Vehicle Proposal 16
PROJECTED DEPARTMENTAL BUDGET
Year
1
Year
2
Year
3
Revenue
Third Party-Payers
60,000
400,000
1,600,000
Government Programs
1,400,000
2,4000,000
3,400,000
Investments
1,250,000
2,250,000
3,250,000
Support
3,625,000
4,800,000
6,200,000
GROSS
PROFIT
8,625,000
48,000,000
216,000,000
Expenses
Vehicle
250,000
500,000
750,000
70%
Driver
40,000
80,000
120,000
10%
Staff
80,000
160,000
240,000
5%
Supplies
28,250
56,000
112,000
2%
TOTAL
EXPENSES
4,593,750
8,800,000
16,920,000
2022
Mobile
Health
Vehicle
Proposal
17
SHORT-TERM
IMPACT
•
Slowed
Productivity
•
Implementation
Trainings/Education
•
Production
Time
(From
purchase
to
road
ready)
•
Lower
availability
of
other
investment
capital
2022
Mobile
Health
Vehicle
Proposal
18
LONG-TERM
IMPACT
QUICK ROI
The
break-even
point
and
return
on
investment
will
be
achieved
quickly,
followed
by
dramatic
rise
in
revenue
and
third-party
payments
QUALITY OUTCOME IMPROVEMENT
“Participating
in
these
early
prevention
and
diagnostic
services,
patients
were
more
likely
to
receive
accurate
diagnoses
and
needed
care
before
health
conditions
become
severe,
improving
health outcomes” (Craftsman Industries, 2021).
CONTRIBUTE TO FURTHER IINVESTMENTS
With
a
12:1
turn
around,
the
added
revenue
and
investment
returns,
it
will
add
to
being
able
to
invest
in
other
ways
to
improve
care
or
the
ability
to
expand
the
fleet
in
a
short
period
of
time.
2022 Mobile Health Vehicle Proposal 19
$300K
$3.6M
$14.4M
COST BENEFITS
INVESTMENTS RETURN ON INVESTMENT FOUR-YEAR PROJECTED PROFIT
Addressable market Serviceable market Obtainable market
2022 Mobile Health Vehicle Proposal 20
STRATEGIC PLANNING
PREPARE FOR THE UNFORESEEN
Seeing
around
corners
to
forecast
future
costs
and
needs.
FLUCTUATING LABOR & FUEL MARKET
While
uncontrollable,
planning
for
the
worst-case
scenario
will
benefit.
SEEKING SUPPORT
Grants,
charities,
and
other
governmental
support
for
healthcare
facilities
who
service
low-income
patients
should
also
be
consulted
to maximize outgoing cash flows.
20XX
Pitch
Deck
21
CONFLICTS
Conflict:
ADA
Compliance
Solution: Class A or Super C RV Diesel Chassis, which are
compliant off the assembly block.
20XX Pitch Deck 22
The Im p ac t o f M obi l e Hea l t h Vans: P a r t One . ( 2 0 2 1 , J u n e 1 5 ) . M o v e M o b i l i
t y . h t t p s : / / m ov e m o b i l i t y . c a / th e - i mp a c t - of - m ob i l e - h e a l t h - v a n s - p a r t - o n e /
Industries,
C.
(n.d.).
How
Mobile
Medical
Trailers
are
Improving
Healthcare.
Www.craftsmenind.com.
Retrieved
June
18,
2022,
from
https://www.craftsmenind.com/blog/how-mobile-medical-trailers-are-improving-healthcare
M
o
b
i
l
e
M
e
d
i
c
a
l
Of f
i
c
e
T
r
a
i
l
e
r
|
CGS
P
r
e
m
i
e
r
.
(
n
.
d
.
)
.
R
e
t
r
i
e
v
e
d
J
u
n
e
1
9
,
2
0
2
2
,
f
r
o
m
h t t p s : / / c g s p r e m i e r . c o m / m e d i c a l - s e m i - t r a i l e r /
Nowicki,
Michael
(2022).
Introduction
to
the
Financial
Management
of
Healthcare
Organizations,
E
ighth
E
dition:
Vol.
E
ighth
edition
.
Gateway
to
Healthcare Management.
P U B L I C D I S C L O S U R E C O P Y ( 2 0 2 0 ) V e n i ce F a m i l y C l i n i c F i n a ncial s .
R e t r i e v e d J u n e 1 2 , 2 0 2 2 , f r o m
h t t p s : / / s 3 . a m a z o n a w s . c o m / v e n i c e f a m i l yc l i n i c . o r g / 2 0 2 2 / 0 5 / V E N I C E - F A M I L Y - C
L I N I C - F O U N D A T I O N - 2 0 2 0 - F O R M - 9 9 0 - P U B L I C -
D I S C L O S U R E . p d f
Oriol,
N.
E.,
Cote,
P.
J.,
Vavasis,
A.
P.,
Bennet,
J.,
DeLorenzo,
D.,
Blanc,
P.,
&
Kohane,
I.
(2009).
Calculating
the
return
on
investment
of
mobile
healthcare.
BMC
Medicine
,
7
(1).
https://doi.org/10.1186/1741-7015-7-27
RESOURCES
Mc B ret t . ( 2 0 2 1 , Nove m be r 3 0 ) .
How
Mu ch
D
o
e
s
a
Mo b i l e
M e di c a l
U
n
i
t
Cost
E
x a c tl y ?
F l o r i da’s C u sto m Man u fac t urer of Fo o d Tr u cks
an d Sp e c i al ty Ve h i c l e s . ht t ps: // w w w. m r- t rai l e rs. co m / mo bil e -
m e d i c al - u ni t- cost /
Designed
with
the
help
and
input
of
experts
in
the
field
20XX Pitch Deck 23
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