Simple Practice Budget
What Vantage Clients Say...
The analysis performed by Vantage has allowed us to gain greater insight into our patient triage procedures and will allow for improved utilization of community medical resources. Bob Hakala, MD Medical Director
Volunteers in Medicine
Bend, OR 
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The Simple Practice Budget
This simple practice budget tool is an easy-to-use tool that can be used to establish an annual budget for your private practice.
In the downloaded spreadsheet tool, you'll fill in the budget (example below) with numbers and line items appropriate for your practice, allowing for calculation of your net revenue, total expenses, and net income. You can view an example version of the Simple Practice Budget below or download a fully functional and printable version of the tool by clicking the link below.
Simple Practice Budget Download (.xls; 201K)
| Example Budget |
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| Revenue |
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| Gross Revenue |
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400,000 |
| Adjustments |
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(72,000) |
| Refunds |
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(2,000) |
| Net Revenue |
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326,000 |
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| Expenses |
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Salaries |
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130,000 |
| Benefits |
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31,200 |
| Total Salary + Benefits |
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161,200 |
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| Advertising/Marketing |
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8,500 |
| Education/Training |
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5,000 |
| Meals/Entertainment |
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2,200 |
| Office Expenses |
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3,500 |
| Professional Fees |
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7,200 |
| Professional Supplies |
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4,000 |
| Repairs/Maintenance |
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2,000 |
| Travel |
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1,000 |
| Bank Fees |
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240 |
| Dues/Subscriptions |
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1,000 |
| Insurance - Liability |
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1,200 |
| Insurance - Property |
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1,200 |
| Lease |
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30,000 |
| Utilities |
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6,000 |
| Loan Payments |
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4,800 |
| Other 1 |
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0 |
| Other 2 |
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0 |
| Other 3 |
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0 |
| Other 4 |
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0 |
| Other 5 |
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0 |
| Total Non-Salary Expenses |
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77,840 |
| Total Expenses |
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239,040 |
| Net Income |
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86,960 | |
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