Costing an Outpatient Clinic

Costing an Outpatient Clinic Student's Name Institutional Affiliation Course Professor's Name Submission Date Staffing and Salaries for Wellness Check-Up Clinic A wellness check-up clinic or other healthcare facility is only as good as its employees. Careful planning is the first step in determining how many employees are needed to provide complete care. The clinic speculates a team of two primary care doctors, one nurse for each doctor, and two support staff members. The average pay for physicians is $229,300; for nurses, it is $81,220; and for support workers, it is $46,310, according to the Bureau of Labor Statistics. This leads to an annual wage expenditure of $780,000. Staff Position Number of Positions Average Salary Total Salaries Primary Care Physician 2 $ 229,300 $ 458,600 Nurse 2 $ 81,220 $ 162,440 Support Staff 2 $ 46,310 $ 92,620 Total Salary: $713,660 Primary care physicians monitor patient care and provide expert medical advice during Wellness check-ups. Two primary care doctors will be hired to ensure coverage and knowledge. The U.S. Bureau of Labor Statistics (2023) reports a competitive average salary of $229,300, reflecting the clinic's focus on wellness check-ups. The nurses will monitor patients, help physicians during procedures, and care for them. With an average salary of $81,220, the clinic will attract and retain talented nurses. Facility support staff amounts to $46,310 on average, and they must assist in managing the facility. Fringe Benefits Expense and Total Salary Expense It is crucial to guarantee the well-being and happiness of medical professionals, and providing fringe benefits is one way to do this. The hospital system has pledged to pay more than the minimum wage at the Wellness Check-Up clinic by restricting fringe benefits to 25% of total compensation. As a result of this choice, an additional $178,415 will be charged to the full salary expenditure category ($892,075) for fringe benefits. Cost Factors Dollar Amount Total Salaries $713,660 Fringe Benefit Expense 25% of Salaries $178,415 Total Salary Expense w/ Fringe Benefits: $892,075 The entire pay cost, which also accounts for fringe benefits, clearly conveys the financial commitment required to staff the clinic with wellness personnel. In this case, the $892,075 amount pays for both the base pay and additional expenses related to fringe benefits for medical professionals, such as physicians and nurses. This methodology guarantees the accuracy of financial reporting and incorporates a comprehensive comprehension of the expenses associated with retaining a proficient and driven healthcare staff. The availability of fringe benefits directly affects worker happiness and job satisfaction, affecting patient care quality. Positive patient results and the reputation of the clinic as a whole are enhanced b...