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Dr. Jones is interested in expanding his practice

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Dr. Jones is interested in expanding his practice
Dr. Jones is
interested in expanding his practice by
add
ing
a piece of radiology equipment.
The basic
cost of the equipment would be $79,000 for the first year.
The monthly loan cost for this equipment
is $1,5
64.29 for five years.
Additionally Dr. Jones
will have to
factor in the cost to
hire a radiology tech
with a predicted
$39,600 annual
salary
(this includes all taxes and fringe benefits).
The office already
has a radiology room so there is no fixed costs
associated with this purchase.
You
help Dr. Jones
determine that
the office will
do 1100 studies per year with an average
reimbursement of $51.63.
The variable cost per study is $3.24.
Using the standard pro forma sheet, is this a good purchase?
Part #2
Dr. Jones’ office has
purchased the above equipment.
It is now Year #2 and there is a $7,000 annual
m
aintenance fee that needs to be
added to the costs of the equipment.
The variable cost is now
$3.37
per study
but
Dr. Jones’ office is
planning on
doing
1675 studies
because there has been an
addition of two new managed contracts and
there has been a
reimbursement increase to $53.16
What is the profit or loss this year?
Looking at the two years together, was this a good purchase
?
Part #3
Using the informa
tion in
Part
#1 and #2, calculate
the standard pro forma sheet
year
s
#3
through year
#
6.
The changes
to be considered in your calculations
are

the following

Year #3
Variable Costs
$3.43
Staff Costs
$ 40
,
500
# of Estimated Studies
1750
Reimbursement
$54.26
Year #4
Variable Costs
$3.68
Staff Costs
$ 40
,
500
# of Estimated Studies
1800
Reimbursement
$54.99
Year #5
Variable Costs
$3.83
Staff Costs
$ 41
,
500
# of Estimated Studies
1850
Reimbursement
$55.33
Year #6
Variable
Costs
$3.97
Staff Costs
$
42
,
000
# of Estimated Studies
1900
Reimbursement
$56.00

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