GETWELL CLINICS BUDGET

Getwell Clinics Budget Information



Getwell Clinics Budget Information

Introduction

Provided with $80,000 to develop a new service within the clinic, the constant need for blood created a spark of innovation to help aid in the country's need for blood supply. The clinic expects to see approximately 6,000 patients a year, resulting in 2,220 potential and eligible donors. I determined that the process for screening, processing, storing, and distributing blood requires a lot of resources that are out of reach for the clinic to progress on their own. The costs and lack of current networking relationships led the team to determine that a partnership is the best solution in providing the service while staying within budget. The incorporation of a blood-bank into the clinic's current laboratory would require a partnership with the American Red Cross.

The incorporation will enable fewer costs than required if the clinic attempted to donate blood on their own. Some of the costs associated with the incorporation include AABB accreditation, licensed and trained medical staff, screening supplies, blood collection supplies, and all fees associated with American Red Cross requirements. Most patients who visit the clinic have a routine blood examination ordered annually, if not more. The new blood-donation incorporation will give the patient an option of donating blood at the same time that he or she has routine labs taken. Additional staffing will allow walk-in donations. If a patient chooses to donate blood during their routine lab visit, he or she will go through the proper screening necessary prior to donating blood. The clinic will abide by the standards set forth by the American Red Cross with regard to necessary screening questions, patient notification protocols, and all EMR interlinks that allow for this type of service to exist collectively. Patients know that the donation is not required of them, and patients will not feel pressured to donate. This is an option to make donating more convenient and accessible for the patient while increasing the nation's current blood supply.

Proposed Budget

To create a budget many things must be taken into consideration - materials, direct labor, overhead, and administrative expenses, as well as fixed and variable costs. Getwell Clinics has teamed up with the American Red Cross to open a new incorporated blood bank service into the clinic's current laboratory. The budget allocation is $80,000 plus the ability to borrow up to $76,000. It has been suggested that the entire $80,000 be used to purchase equipment. This is not feasible because there is a need to hire additional staff, although only part-time to cover the increased volume of patients, to purchase additional medical supplies, and enhance the current lab to accommodate the additional equipment needed.

The benchmark used to forecast the flexible budget was the comparison of other competitor's organizations with approximately the same estimated volume of patients. I also took into consideration the clinic's growth history over the last five years as well as the industry average for the same ...