Sample hospitalist program pro forma
Hospitalist Leadership Connection, October 28, 2008
Do you have a business plan with expected return on investment? To plug those numbers into your business plan, you should consider patient volume, payer mix, reimbursement, staffing, night coverage, and overhead, among other financial concerns.
A hospitalist program’s structure might include the following financial costs for this year:
- Revenue = $475 per patient
- Hospitalist = $195,000 per full-time hospitalist
- Benefits = 20%
- Staffing = 1 hospitalist per 15 patients
- Workload = 15 twelve-hour shifts per month plus three night calls
- Moonlighters = $700 per night
- Billing/collections = 10%
- Overhead and profit = 15% of total costs (including malpractice)
The return-on-investment analysis is critical to sustaining financial support for your program, allowing your program to succeed and achieve its goals and objectives.
The above excerpt is adapted from The Hospitalist Program Management Guide 2nd edition, by Kenneth G. Simone, DO, and Jeffrey R. Dichter, MD, FACP, published by HCPro, Inc.
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