Uptown Clinic Cost Management: Using Excel for budgeting and cost reductions
Not what you're looking for?
See attached file.
Please explain how costs can be cut and still keep the clinic up and running.
What and how would you use excel and what formulas.
I am the Chief Administrator of Uptown Clinic, a community mental health agency, I am concerned about the dilemma of coping with reduced budgets next year and into the foreseeable future, but increasing demand for services. In order to plan for reduced budgets, I must first identify where costs can be cut or reduced and still keep the agency functioning
Here is some data from the past year...
Purchase this Solution
Solution Summary
The solution presents a formatted Excel spreadsheet that can be used for budgeting and forecasting costs. The accompanying narrative explains how to approach the cost reduction exercise.
Solution Preview
See attached Excel file.
1. Give a dollar range of costs to reduce budgets (worst and best case analysis).
Worse case for Uptown Clinic is $363,000 and the best case for the health agency is $457,000. The worse case is when the entire amount that is $94,000 needs to be deducted from the current budget that is $457,000.
2. I need to cut $94,000 in cost. Prioritize those cuts that can be made without impacting the operation or quality care of the organization.
Please note that there are two ...
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Operations Management
This quiz tests a student's knowledge about Operations Management
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.