Assignment on Hospital for the Next Fiscal year

Running head: HIM410 1
HIM410
Student’s Name
Professor’s Name
Institutional Affiliation
Date

HIM410 2
An approximate budget for the Doctor's Office/Hospital for the next fiscal year
S/
No.
Income (Cash inflows)
Source of income Income
Expenses (Cash outflows)
Item/service Expense/Cost
1. Accountable Care
Organizations (ACOs)
$1,750,0000 Physicians and other
employees’ salaries
$3,000,000
2. Bundled Payments $1,500,000 Other benefits given
to the workers and
other people in the
hospital
$1,600,000
3. Medicare Shared Savings
Program (MSSP)
$1,600,000 Office space costs $50,000
4. Money from patients and other
customers
$2,250,000 The necessary
upgrades to IT and
infrastructures
$750,000
5. Government/sponsors/investors
and other well-wishers’
funding
$1,750,000 Medicine/medications
and equipment costs
$2,000,000
6. All the other unmentioned
sources of funds
$2,000,000 Transport costs $300,000
7. Meals and drinks
consumed in the
hospital
$450,000
8. Approximate costs of
all the other
unmentioned
expenses
$1,250,000
9. Totals $10,850,000 $9,400,000