| Section One: Projected Budget |
| Budget for Mayo Clinic |
| | | | Purchase & | | Hire & Train | | | | Strategies to Increase Volume |
| | | | Install | | Staff | | | | Purchase and install a new MRI. |
| | | | MRI | | | | | | Train or hire additional staff to operate new MRI. |
| Revenue | | | Year 1 | | Year 2 | | Year 3 | | Increase marketing to physicians. |
| | | | 000' | | 000' | | 000' |
| CT | | | $200,000 | | $220,000 | | $242,000 | | Assumptions |
| MRIs | | | $200,000 | | $220,000 | | $242,000 | | Increase in revenue/year | | | 10.00% |
| General diagnostic | | | $200,000 | | $220,000 | | $242,000 | | Increase in salaries/year | | | 4.00% |
| Interventional | | | $200,000 | | $220,000 | | $242,000 | | Increase in supply expense/year | | | 5.00% |
| | | | | | | | | | Travel as a % of revenue | | | 0.50% |
| Total revenue | | | $800,000 | | $880,000 | | $968,000 | | Maintenace as a % revenue | | | 1.00% |
| | | | | | | | | | Contracts as a % of revenue | | | 2.00% |
| Expenses | | | | | | | | | Marketing as a % of revenue | | | 0.50% |
| | | | | | | | | | Misc as a % of revenue | | | 1.00% |
| Salaries | | | $520,000 | | $572,000 | | $629,200 | | Salaries as a % of revenue | | | 65.00% |
| Supplies | | | $120,000 | | $126,000 | | $132,300 |
| Travel | | | $4,000 | | $4,400 | | $4,840 |
| Maintenance | | | $8,000 | | $8,800 | | $9,680 |
| Contracts | | | $16,000 | | $17,600 | | $19,360 |
| Marketing | | | $4,000 | | $4,400 | | $4,840 |
| Miscellaneous | | | $8,000 | | $8,800 | | $9,680 |
| Total expenses | | | $680,000 | | $742,000 | | $809,900 |
| Net profit | | | $120,000 | | $138,000 | | $158,100 |
| Capital outlay | | | $2,500,000 | | $0 | | $0 |
babwyomi8c6
strategic_plan_part_ii.xls
