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Assumptions: Plastic Surgery Practice 2 Surgeon, 2 Nurse Practitioner Practice 1 Front Desk Staff Member (Check In/Check Out) 5 Medical Assistants 2 Surgery Schedulers 2 Administrative Assistants 1 Practice Manager 1 Coding/Billing Staff Member Physician 1 Patient Collections: Physician 2 Patient Collections: Nurse Practitioner 1 Collections: 250,000 Nurse Practitioner 2 Collections: 150,000 Physician 1 Compensation: 550,000 $1,200,000 $1,500,000 $ $ S Physician 2 Compensation: Nurse Practitioner 1 Compensation: 150,000 Nurse Practitioner 2 Compensation: 110,000 Front Desk Staff Member Compensation: 40,000 Medical Assistant Compensation: $35,000, $40,000, $40,000, $15.000 $19.000 $ 700,000 $ S $

Assumptions: Plastic Surgery Practice 2 Surgeon, 2 Nurse Practitioner Practice 1 Front Desk Staff Member (Check In/Check Out) 5 Medical Assistants 2 Surgery Schedulers 2 Administrative Assistants 1 Practice Manager 1 Coding/Billing Staff Member Physician 1 Patient Collections: Physician 2 Patient Collections: Nurse Practitioner 1 Collections: 250,000 Nurse Practitioner 2 Collections: 150,000 Physician 1 Compensation: 550,000 $1,200,000 $1,500,000 $ $ S Physician 2 Compensation: Nurse Practitioner 1 Compensation: 150,000 Nurse Practitioner 2 Compensation: 110,000 Front Desk Staff Member Compensation: 40,000 Medical Assistant Compensation: $35,000, $40,000, $40,000, $15.000 $19.000 $ 700,000 $ S $

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Please calculate profit and loss as part of the explanation
**Assumptions:** - **Plastic Surgery Practice** - 2 Surgeons, 2 Nurse Practitioners - 1 Front Desk Staff Member (Check In/Check Out) - 5 Medical Assistants - 2 Surgery Schedulers - 2 Administrative Assistants - 1 Practice Manager - 1 Coding/Billing Staff Member **Financials:** - **Physician Collections:** - Physician 1: $1,200,000 - Physician 2: $1,500,000 - **Nurse Practitioner Collections:** - Nurse Practitioner 1: $250,000 - Nurse Practitioner 2: $150,000 - **Compensation:** - Physician 1: $550,000 - Physician 2: $700,000 - Nurse Practitioner 1: $150,000 - Nurse Practitioner 2: $110,000 - **Staff Compensation:** - Front Desk Staff Member: $40,000 - Medical Assistants: $35,000, $40,000, $40,000, $45,000, $48,000 - Surgery Schedulers: $40,000, $45,000 - Administrative Assistants: $35,000, $38,000 - Practice Manager: $70,000 - Coding/Billing Staff Member: $40,000 - **Additional Expenses:** - Physician and Staff Fringe Benefit Rate: 15% - Supplies: $200,000 - Drugs: $500,000 - Rent: $250,000 - Utilities: $100,000 - Depreciation: $50,000 - Malpractice: $100,000 - Travel: $30,000 - Equipment Repairs: $25,000 - Other: $25,000 **Discussion Questions:** 1. Should we consider buying this practice and why? 2. If we shouldn’t consider buying this practice, what interventions could be made that would convince us to buy the practice?
Transcribed Image Text:**Assumptions:** - **Plastic Surgery Practice** - 2 Surgeons, 2 Nurse Practitioners - 1 Front Desk Staff Member (Check In/Check Out) - 5 Medical Assistants - 2 Surgery Schedulers - 2 Administrative Assistants - 1 Practice Manager - 1 Coding/Billing Staff Member **Financials:** - **Physician Collections:** - Physician 1: $1,200,000 - Physician 2: $1,500,000 - **Nurse Practitioner Collections:** - Nurse Practitioner 1: $250,000 - Nurse Practitioner 2: $150,000 - **Compensation:** - Physician 1: $550,000 - Physician 2: $700,000 - Nurse Practitioner 1: $150,000 - Nurse Practitioner 2: $110,000 - **Staff Compensation:** - Front Desk Staff Member: $40,000 - Medical Assistants: $35,000, $40,000, $40,000, $45,000, $48,000 - Surgery Schedulers: $40,000, $45,000 - Administrative Assistants: $35,000, $38,000 - Practice Manager: $70,000 - Coding/Billing Staff Member: $40,000 - **Additional Expenses:** - Physician and Staff Fringe Benefit Rate: 15% - Supplies: $200,000 - Drugs: $500,000 - Rent: $250,000 - Utilities: $100,000 - Depreciation: $50,000 - Malpractice: $100,000 - Travel: $30,000 - Equipment Repairs: $25,000 - Other: $25,000 **Discussion Questions:** 1. Should we consider buying this practice and why? 2. If we shouldn’t consider buying this practice, what interventions could be made that would convince us to buy the practice?
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