Budget Presentation

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You have five physician-practice clients for your World Outpatient clinic. Each physician practice sends you all of their clients. For the purposes of budgeting, we will assume the varying amounts of listed gross revenue for each month a client sends patients to the clinic. Please note that each client starts with the clinic at different times during the year.
Complete the revenue part of the budget worksheet by calculating the monthly totals and totals for each client.

The expenses are divided into labor and non-labor sections.
For the labor expenses, you are given the needed information to calculate total individual and clinic labor costs. Use 2,080 as the number of hours a full-time employee works.
For the non-labor expenses, you are given the total available to budget. Allocate those total dollars to each non-labor expense with the percentages your manager has provided.
Note, in all cases, any calculations must be shown in the Excel file.

CFO Project Presentation
Scenario
You are the CFO of a hospital or health care organization assigned by the instructor. You are tasked with giving a comprehensive presentation to the local business community.

The purpose of the presentation is to provide you with a chance to concisely present your report on your assigned hospital’s financial and economic situation. The ‘fictional president’ of your hospital has given you precisely 6-8 minutes to present. You are expected to be inside that time frame. Anything shorter or longer will be penalized with a deduction of points. The use of visual aids is your decision. Your grade will be based on content, conciseness, and analysis of your hospital’s situation and opportunities. The instructor will provide a template to help organize the presentation – along with a grading rubric. For an online version of the course, you will submit your presentation with a Powerpoint file and audio voice-over. (Instructions below.)

Objectives
Demonstrate a basic understanding and application of health care financial statements and ratios.
Provide concise verbal presentation
Parts of the report
Introduction
Histories of 2 leaders of the organization (ex. CEO, CFO, Board Chair, etc.)
Listing and analysis of ONLY 5 financial ratios. Choose the five you want to use.

Sample Solution

CFO Presentation: World Outpatient Clinic

Introduction (30 seconds)

  • Good morning everyone, and thank you for joining me today. I’m [Your Name], CFO of World Outpatient Clinic.
  • Today, I’ll provide a snapshot of our clinic’s financial health and some exciting opportunities for the future.

Hospital Leaders (1 minute)

  • Dr. [Leader 1 Name], our esteemed Chief Medical Officer, has spearheaded the implementation of innovative treatment protocols, leading to a significant increase in patient satisfaction.
  • [Leader 2 Name], our CEO, has fostered strong relationships with local physician practices, expanding our patient base and ensuring a steady revenue stream.

Financial Ratios Analysis (3 minutes)

  • Profit Margin: This ratio, reflecting profitability, is currently at [X%]. We aim to increase it to [Y%] by [Strategy 1] and [Strategy 2].
  • Liquidity Ratio: Our current ratio of [Z] indicates we have sufficient assets to cover short-term liabilities. We plan to maintain this healthy ratio for smooth operations.
  • Solvency Ratio: This ratio, at [W], demonstrates our ability to meet long-term financial obligations. We’re committed to maintaining a strong solvency position.
  • Return on Equity (ROE): Our ROE of [V%] represents the return we’re generating for shareholders. We’re exploring strategies to improve this metric, potentially through [Strategy 3].
  • Patient Revenue per FTE (Full-Time Employee): This metric, at [U], helps us assess staffing efficiency. We’ll continue monitoring this ratio to optimize our labor costs while maintaining quality care.

Opportunities (1 minute)

  • We’re actively negotiating contracts with new physician practices to expand our patient network.
  • We’re investing in telemedicine technology to offer convenient and accessible care to a wider patient pool.
  • We’re exploring partnerships with local businesses to offer wellness programs and preventive care initiatives.

Conclusion (30 seconds)

  • World Outpatient Clinic is financially strong and well-positioned for future growth.
  • We’re committed to providing high-quality healthcare, efficient operations, and value for our patients and the community.

Note:

  • Replace bracketed information with actual data from your budget worksheet.
  • Adjust presentation times as needed to stay within the 6-8 minute timeframe.
  • Consider incorporating visuals like charts or graphs to enhance your presentation.

Additional Tips:

  • Speak clearly and concisely.
  • Maintain eye contact with your audience.
  • Be enthusiastic about the clinic’s future.

By following these guidelines, you can deliver a compelling and informative presentation to the local business community.

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