Make or Buy
Rashad Rahavy, M.D., is a general practitioner whose offices are
located in the South Falls Professional Building. In the past, Dr.
Rahavy has operated his practice with a nurse, a
receptionist/secretary, and a part-time bookkeeper. Dr. Rahavy,
like many small-town physicians, has billed his patients and their
insurance companies from his own office. The part-time bookkeeper,
who works 10 hours per week, is employed exclusively for this
purpose.
North Falls Physician's Service Center has offered to take over all
of Dr. Rahavy's billings and collections for an annual fee of
$7,000. If Dr. Rahavy accepts this offer, he will no longer need
the bookkeeper. The bookkeeper's wages and fringe benefits amount
to $13 per hour, and the bookkeeper works 50 weeks per year. With
all the billings and collections done elsewhere, Dr. Rahavy will
have two additional hours available per week to see patients. He
sees an average of four patients per hour at an average fee of $35
per visit. Dr. Rahavy's practice is expanding, and new patients
often have to wait several weeks for an appointment. He has
resisted expanding his office hours or working more than 50 weeks
per year. Finally, if Dr. Rahavy signs on with the center, he will
no longer need to rent a records storage facility for $100 per
month.
Conduct a relevant cost analysis to determine if it is
profitable to outsource the bookkeeping.
Calculate the net advantage (disadvantage) of outsourcing the
bookkeeping.
Use a negative sign with your answer to indicate a net
disadvantage, if applicable.
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Make or Buy Rashad Rahavy, M.D., is a general practitioner whose offices are located in the...
Make or Buy Rashad Rahavy, M.D., is a general practitioner whose offices are located in the South Falls Professional Building. In the past, Dr. Rahavy has operated his practice with a nurse, a receptionist/secretary, and a part-time bookkeeper. Dr. Rahavy, like many small-town physicians, has billed his patients and their insurance companies from his own office. The part-time bookkeeper, who works 10 hours per week, is employed exclusively for this purpose. North Falls Physician's Service Center has offered to take...
Instructions: Read the following essay. Read the instructions following the essay. John Smith, M.D. is an orthopedic surgeon and is the sole shareholder of Columbus Surgery Associates, Inc. (“Corporation”). The Corporation also employs a physician assistant named Francis Robins, who is licensed in Ohio as a physician assistant. Dr. Smith was first licensed by the State Medical Board of Ohio to practice medicine in 1991. He has had privileges at Franklin County Hospital since 1993 and also has privileges at...
Instructions: Read the following essay. Read the instructions following the essay. John Smith, M.D. is an orthopedic surgeon and is the sole shareholder of Columbus Surgery Associates, Inc. (“Corporation”). The Corporation also employs a physician assistant named Francis Robins, who is licensed in Ohio as a physician assistant. Dr. Smith was first licensed by the State Medical Board of Ohio to practice medicine in 1991. He has had privileges at Franklin County Hospital since 1993 and also has privileges at...
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John Smith, M.D. is an orthopedic surgeon and is the sole shareholder of Columbus Surgery Associates, Inc. (“Corporation”). The Corporation also employs a physician assistant named Francis Robins, who is licensed in Ohio as a physician assistant. Dr. Smith was first licensed by the State Medical Board of Ohio to practice medicine in 1991. He has had privileges at Franklin County Hospital since 1993 and also has privileges at the North Side Ambulatory Surgery Center since 1996, where he is...
1. Read the following essay. Read the instructions following the essay: John Smith, M.D. is an orthopedic surgeon and is the sole shareholder of Columbus Surgery Associates, Inc. (“Corporation”). The Corporation also employs a physician assistant named Francis Robins, who is licensed in Ohio as a physician assistant. Dr. Smith was first licensed by the State Medical Board of Ohio to practice medicine in 1991. He has had privileges at Franklin County Hospital since 1993 and also has privileges at...
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ent groblems WING OBJECT ples to make the most of your la ey poop Hums pod effecti 16. Helps prepare patients for surgery and maintain the sterile Winthe surgical suite, making sure all members of the urgical tram follow stenile technique 17. Assists in helping patients compensate for loss of function TK. 2. Performs diagnostic testing on blood, body fluids, and other types of specimens to assist the provider in arriving of a diagnosis 19 Provides medical care to patients...
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