Capital Budget Proposal
Southern
New
Hampshire
University
IHP450
6/19/22
Financial Condition
🠶
Total
Revenue
(FY
2021):
$67,214,108
($61,131,511
in
2020)
🠶
Total
Expenses
(FY2021):
$65,193,353
($61,619270
in
2020)
🠶
Current
Ratio:
(current
assets/current
liabilities)
($46,290,193
/
$1,557,814)
29.7
🠶
Cash
and
Cash
Equivalents:
$13,576,506
($19,133,164
in
2020)
(Venice
Family
Clinic
Consolidated
Financial
Statements,
2021)
Healthcare Trends
• Improve patient care and access to
care
• Covid-19 pandemic
•
Primary
care
needs
Vision:
“To improve the health of people and
communities
through
accessible,
quality
care”
(Venice
Family
Clinic
2021)
Mission:
“To
provide
quality
primary
health
care
to
people
in
need”
(Venice
Family
Clinic,
2021)
Proposal
Items
Purchase of a
handicap accessable
vehicle to transport
patients to and from
the clinic who are
unable to provide
their
own
transportation
Organizational
Strategic
Goals
🠶
Increase the number of primary care visits
🠶
Assist a larger population of disabled individuals
🠶
Improvements to quality of care and efficiency of care
Vehicle
Options
and
Financial
Benefits
O
1
O
2
O
3
Van with handicap
ramp access
Commercial Van with a lift
for handicap access
Large
Bus
with
19
seats
and 2 handicap
accesses
by
a
lift
$39,000
(AMSvans,
2022)
$75,000
(Explorer
Vans
Mobility,
2022)
$79,000
(Absolute
Bus
Sales,
2022)
Organizational
Resources
🠶
Finance Department
🠶
Medical Staff
🠶 Case Management
🠶
Secretary
🠶
Drivers
🠶 Autobody Shop
Communication
Strategies
Initial
Communication
🠶 Planning
🠶 Budgeting
Continuing
Communication
🠶
Monthly
meetings/email
updates
Methods
of
Communication
🠶
Department
Meetings
(in-person
and
virtual)
🠶
Email
Updates
🠶
Staff
and
Patient
Surveys
🠶 Scheduling App
🠶 EMR
🠶 Cell-phones
Budget
Statements
🠶
2021
Venice
Family
Clinic
Consolidated
Financial
Statements
🠶
2020
Venice
Family
Clinic
Consolidated
Financial
Statements
🠶
2021
Annual
Report
Expenses
🠶
Purchase
of
the
vehicle
🠶 Vehicle maintenance
🠶
I
n
sur
a
n
ce
🠶 Fuel
🠶
Driver
Salaries
🠶
Example
of
Expenses
(Option
2)
🠶
Cost
of
vehicle:
$75,000
🠶
Salary
of
driver:
$40,000
🠶
Maintenance:
$5,000
🠶
Fuel:
$9,500
🠶
I
n
sur
a
n
ce
:
$3,
000
🠶
Total:
$132,500
*1
st
year
projection
Budgetary
Accounts
and
Reasoning*
🠶
Salaries
🠶
I
n
sur
a
n
ce
🠶 Equipment
🠶
Transportation
(Venice
Family
Clinic
Consolidated
Financial
Statements,
2021)
Ratios
and
Calculations
ROI
=
Net
return
on
investment
-----------------------------------
X
100%
cost
of
investment
(Nowicki,2021)
🠶
Option
1:
416%
($225,825
/
$54,175
x
100)
🠶
Option
2:
533%
($707,500
/
$132,500
x
100)
🠶
Option
3:
503%
($934,340
/
$185,660
x
100)
Projected
Department
Budget
2021
2022
Gross
Revenue
74,000,000
88,800,000
Expenses
Total
Salaries
31,000,000
32,300,000
Total
Supplies
750,000
755,000
Total
Other
1,934,257
2,022,419
Expense
Total
33,684,257
35,077,491
Excess
(Deficit)
Revenues
over
Expenses
40,315,743
52,722,509
Short
and
Long
term
Impacts
Short
Term
Impacts:
🠶 Financial impact
🠶
Training
🠶 Organizing
🠶
Assessing
patient
need
Long
Term
Impacts:
🠶 ROI
🠶
I
n
cre
a
se
d
pa
t
i
e
n
t
v
i
si
t
s
🠶
I
n
cre
a
se
d
Re
v
e
n
ue
🠶
Long
term
expenses
🠶
Promotion
of
more
investments
🠶
I
mprov
ed
a
ccommodat
i
on
of patient
care/needs
Cost-Benefit
Increased
Financial
need:
0.23%
($57,889,215
increasing
$132,500)
Estimated
Profit
Increase:
20%
($74,000,000
to
$88,800,000)5
IRR
(1
year
return):
11069.81%
(initial
investment-
$132500,
I
n
v
e
st
men
t
re
t
urn
-
$14,800,
000
)
Strategic
Planning
Planning
consists
of
establishing…
🠶 Goals
🠶 Objectives
🠶 Policies
🠶 Procedures
🠶 Methods
🠶 Rules
(Nowicki,
2021)
Changes to financials
Reaching
out
for
support
and
input
Conflicts
🠶
Unexpected
financial
strain
🠶
I
n
cre
a
se
d
pa
t
i
e
n
t
ri
sk
s
🠶 Appointment demands
🠶
Staff
demands
References
About
the
Clinic.
(2022).
Venice
Family
Clinic.
https://venicefamilyclinic.org/about-the
clinic/#overview
Barr,
E.
(2020,
December
23).
Building
an
Effective
Corporate
Communication
Strategy.
SpriggHR.
https://sprigghr.com/blog/board-management/building-an-effective-corporate-
communication-strategy/
Chevrolet
Conversion
Van
-
Explorer
Vans
Mobility
|
CP16694T.
(2022).
Conversion
Vans
For
Sale
at
Paul
Sherry
Conversion
Vans.
https://www.paulsherryconversionvans.com/listings/wheelchair-
accessible-2018-chevrolet-conversion-van-explorer-vans-5-passenger-cp16694t/
Handicap
&
Wheelchair
Vans
for
Sale
|
AMS
Vans.
(2022).
Amsvans.Com.
https://www.amsvans.com/wheelchair-
v
a
ns?pa
ge
Si
ze
=31
&page
I
nde
x=1&ord
e
rB
y=pri
ce
%2
Casc
Lyons,
P.
G.,
Ramsey,
B.
A.,
Welker,
M.,
Guinn,
M.,
Ernest,
J.
K.,
Kosydor,
A.,
&
Maddox,
T.
M.
(2021).
I
mp
l
em
en
t
a
t
i
on
of
a
non
-
emergen
t
me
di
cal
t
ranspor
t
a
t
i
on
pro
gr
amme
a
t
a
n
i
ntegrat
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health
system.
BMJ
Health
&
Care
Informatics,
28(1),
e100417.
https://doi.org/10.1136/bmjhci-
2021-
100417
Route
Buses
for
Sale.
(2022).
Absolute
Bus
Sales.
http://www.absolutebus.com/bus-sales/buses-for-
sale-new/ventura-coach/route-buses-for-sale/route-buses-for-sale.html
Tri
em
s
t
ra
,
J.
D
.,
&
Lowery
,
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.
(
2018
)
.
Pr
ev
a
l
en
ce,
Pr
edi
ct
or
s
,
a
nd
t
he
Fi
na
nci
a
l
I
mp
a
ct
of Mi
ss
ed
Appointments
in
an
Academic
Adolescent
Clinic.
Cureus,
10(11),
e3613.
https://doi.org/10.7759/cureus.3613
Venice
Family
Clinic.
(2021).
Consolidated
financial
statements
for
the
year
ended
June
30,
2021.
Retrieved
from
https://s3.amazonaws.com/venicefamilyclinic.org/2022/02/VFC- Financial-
Statement-063021.pdf
V
e
rhoe
v
e
n,
V
.,
Tsa
ki
t
zi
di
s
,
G.
,
Ph
ili
p
s
,
H
.,
&
v
a
n
Roye
n
,
P.
(
2020
)
.
I
m
p
a
ct
of
t
he
CO
V
I
D
-
19
p
a
nde
m
i
c
on
the
core
functions
of
primary
care:
will
the
cure
be
worse
than
the
disease?
A
qualitative
interview
study
in
Flemish
GPs.
BMJ
Open,
10(6),
e039674.
https://doi.org/10.1136/bmjopen
-2020-039674
