{"id":6493,"date":"2025-09-15T11:37:35","date_gmt":"2025-09-15T18:37:35","guid":{"rendered":"https:\/\/www.nnpbc.com\/np-content\/?page_id=6493"},"modified":"2025-09-22T13:33:17","modified_gmt":"2025-09-22T20:33:17","slug":"financial-forecasting-and-planning","status":"publish","type":"page","link":"https:\/\/www.nnpbc.com\/np-content\/index.php\/financial-forecasting-and-planning\/","title":{"rendered":"Financial Forecasting and Planning"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6493\" class=\"elementor elementor-6493\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d050933 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d050933\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a625d52\" data-id=\"a625d52\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a580414 elementor-widget elementor-widget-text-editor\" data-id=\"a580414\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW105016218 BCX0\">Launching a medical clinic requires careful financial <\/span><span class=\"NormalTextRun SCXW105016218 BCX0\">forecasting <\/span><span class=\"NormalTextRun SCXW105016218 BCX0\">to ensure long-term <\/span><span class=\"NormalTextRun SCXW105016218 BCX0\">sustainability and <\/span><span class=\"NormalTextRun SCXW105016218 BCX0\">profitability<\/span><span class=\"NormalTextRun SCXW105016218 BCX0\">. It enables aspiring clinic owners to estimate the initial investments needed to cover capital needs and potential early operational losses.\u00a0<\/span><\/p><p><span class=\"NormalTextRun SCXW91581498 BCX0\">A robust financial plan allows clinic founders to not only project revenue and resource <\/span><span class=\"NormalTextRun SCXW91581498 BCX0\">needs but<\/span><span class=\"NormalTextRun SCXW91581498 BCX0\"> also help facilitate <span class=\"NormalTextRun SCXW265327681 BCX0\">informed decision making that support ongoing sustainable growth<\/span><span class=\"NormalTextRun SCXW265327681 BCX0\"> and minimizes risks<\/span><span class=\"NormalTextRun SCXW265327681 BCX0\">.<\/span><\/span><\/p><p><span class=\"NormalTextRun SCXW191866075 BCX0\">A<\/span><span class=\"NormalTextRun SCXW191866075 BCX0\"> well-structured financial foundation enables startups to allocate resources strategically<\/span><span class=\"NormalTextRun SCXW191866075 BCX0\"> so that the <\/span><span class=\"NormalTextRun SCXW191866075 BCX0\">clinic can focus on delivering high-quality care. <span class=\"TextRun SCXW191866075 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\">This section explores key financial planning principles, including budget development and financial forecasting.\u00a0<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-81dfba1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"81dfba1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e98cfb9\" data-id=\"e98cfb9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-edc7330 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"edc7330\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-80a2947 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"80a2947\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6f3fc4e\" data-id=\"6f3fc4e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86b0220 elementor-widget elementor-widget-text-editor\" data-id=\"86b0220\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span class=\"TextRun SCXW148258143 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW148258143 BCX0\" data-ccp-parastyle=\"heading 3\">Stepwise Financial <\/span><span class=\"NormalTextRun SCXW148258143 BCX0\" data-ccp-parastyle=\"heading 3\">Forecasting<\/span><span class=\"NormalTextRun SCXW148258143 BCX0\" data-ccp-parastyle=\"heading 3\"> Best Practices<\/span><\/span><span class=\"EOP SCXW148258143 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335572079&quot;:6,&quot;335572080&quot;:1,&quot;335572081&quot;:12431474,&quot;469789806&quot;:&quot;single&quot;}\">\u00a0<\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-35f33fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"35f33fb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72f045d\" data-id=\"72f045d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4db7e0b elementor-widget elementor-widget-text-editor\" data-id=\"4db7e0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW148055538 BCX0\">Before the initial financial needs can be forecasted, founders must have <\/span><span class=\"NormalTextRun SCXW148055538 BCX0\">a good idea<\/span><span class=\"NormalTextRun SCXW148055538 BCX0\"> of the services <\/span><span class=\"NormalTextRun SCXW148055538 BCX0\">that will<\/span><span class=\"NormalTextRun SCXW148055538 BCX0\"> be offered and what is needed for the operations. <span class=\"TextRun SCXW56278985 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW56278985 BCX0\">This may require discussions with mentors and other clinic owners.<\/span><\/span><\/span><\/p><p><span class=\"TextRun SCXW133128448 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW133128448 BCX0\">Once there is clarity about the services that will be offered, the following steps can help structure the approach to forecasting:<\/span><\/span><span class=\"EOP SCXW133128448 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span class=\"TextRun SCXW10708981 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10708981 BCX0\">1.Begin by identifying the start-up needs<\/span><\/span><\/p><ul><li><span class=\"TextRun SCXW171304659 BCX0\" lang=\"EN-US\" style=\"background-color: transparent;\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW171304659 BCX0\">When thinking about your services, define the <\/span><span class=\"NormalTextRun SCXW171304659 BCX0\">Minimum Viable Product (MVP)<\/span><span class=\"NormalTextRun SCXW171304659 BCX0\"> as well as <\/span><span class=\"NormalTextRun SCXW171304659 BCX0\">the \u201cdream\u201d version<\/span><span class=\"NormalTextRun SCXW171304659 BCX0\">. The MVP would be the services you would be starting with <\/span><span class=\"NormalTextRun SCXW171304659 BCX0\">before adding other services (which you may have less certainty about)<\/span><\/span><span class=\"EOP SCXW171304659 BCX0\" style=\"background-color: transparent;\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><span style=\"background-color: transparent;\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW235175510 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW235175510 BCX0\">For each version, think of the clinic\u2019s functional spaces and identify:\u00a0<\/span><\/span><ul><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW222702932 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222702932 BCX0\">What equipment or furniture <\/span><span class=\"NormalTextRun SCXW222702932 BCX0\">is needed<\/span><\/span><span class=\"EOP SCXW222702932 BCX0\" data-ccp-props=\"{&quot;335559685&quot;:1134,&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW224479791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224479791 BCX0\">What IT systems need to be installed<\/span><\/span><span class=\"EOP SCXW224479791 BCX0\" data-ccp-props=\"{&quot;335559685&quot;:1134,&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW138137399 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW138137399 BCX0\">What providers need to do their job<\/span><\/span><span class=\"EOP SCXW138137399 BCX0\" data-ccp-props=\"{&quot;335559685&quot;:1134,&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"NormalTextRun SCXW130720746 BCX0\">What<\/span> <span class=\"NormalTextRun SCXW130720746 BCX0\">the MOAs need<\/span><span class=\"NormalTextRun SCXW130720746 BCX0\"> to function<\/span><\/span><\/li><\/ul><\/li><\/ul><div>\u00a0<\/div><p><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW60772621 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW60772621 BCX0\">2. Estimate your start-up costs<\/span><\/span><\/span><\/p><ul><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"EOP SCXW60772621 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0,&quot;469777462&quot;:[720],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\"><span class=\"TextRun SCXW220545795 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW220545795 BCX0\">Budget <\/span><span class=\"NormalTextRun SCXW220545795 BCX0\">conservatively<\/span><span class=\"NormalTextRun SCXW220545795 BCX0\">,<\/span><span class=\"NormalTextRun SCXW220545795 BCX0\"> when in doubt estimate <\/span><span class=\"NormalTextRun SCXW220545795 BCX0\">higher<\/span><\/span><\/span><\/span><\/li><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"EOP SCXW60772621 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0,&quot;469777462&quot;:[720],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\"><span class=\"EOP SCXW220545795 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW125551652 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW125551652 BCX0\">Think about the space and equipment needs granularly; draw a floor plan and fill each room with all the equipment, IT needs, and furniture <\/span><span class=\"NormalTextRun SCXW125551652 BCX0\">you<\/span><span class=\"NormalTextRun SCXW125551652 BCX0\"> plan<\/span><\/span><span class=\"EOP SCXW125551652 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/span><\/span><\/li><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"EOP SCXW60772621 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0,&quot;469777462&quot;:[720],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\"><span class=\"EOP SCXW220545795 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW6363078 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW6363078 BCX0\">Think about your supplies a<\/span><span class=\"NormalTextRun SCXW6363078 BCX0\">t <\/span><span class=\"NormalTextRun SCXW6363078 BCX0\">higher level<\/span><span class=\"NormalTextRun SCXW6363078 BCX0\">; here the goal is to identify how much supplies might need to be purchased to ensure smooth operations in the first quarter<\/span><\/span><span class=\"EOP SCXW6363078 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/span><\/span><\/li><li><span class=\"EOP SCXW235175510 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"EOP SCXW60772621 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0,&quot;469777462&quot;:[720],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\"><span class=\"EOP SCXW220545795 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW8823293 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW8823293 BCX0\">This <\/span><\/span><strong><a href=\"https:\/\/arnbc.sharepoint.com\/:x:\/s\/NNPBCHive\/EbxLNKAgk4hOiw2xAqNaV4sBi30hXvx8h8P6XRqDczxwnQ?e=r3tI75\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Highlight SCXW8823293 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW8823293 BCX0\">downloadable excel document<\/span><\/span><\/a><\/strong><span class=\"TextRun SCXW8823293 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW8823293 BCX0\"> may help get you started<\/span><\/span><\/span><\/span><\/span><\/li><\/ul><div>\u00a0<\/div><p>3.<span class=\"TextRun SCXW81147060 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW81147060 BCX0\">Forecast <\/span><\/span><span class=\"TextRun Underlined SCXW81147060 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW81147060 BCX0\">Operational<\/span><\/span><span class=\"TextRun SCXW81147060 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW81147060 BCX0\"> revenues and expenses and estimate the income and loss<\/span><\/span><span class=\"EOP SCXW81147060 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0,&quot;469777462&quot;:[720],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p><ul><li><span class=\"TextRun SCXW205264809 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW205264809 BCX0\">What are the operational revenue streams when everything is running at <\/span><span class=\"NormalTextRun SCXW205264809 BCX0\">capacity?<\/span><\/span><span class=\"EOP SCXW205264809 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW261962729 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW261962729 BCX0\">What are the expenses that enable revenues, when fully functional<\/span><span class=\"NormalTextRun SCXW261962729 BCX0\">?\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW197415425 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW197415425 BCX0\">Connect variables that travel together<\/span><\/span><span class=\"EOP SCXW197415425 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW55345942 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW55345942 BCX0\">More information on common revenues and expenses are provided in sections below<\/span><\/span><span class=\"EOP SCXW55345942 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><\/ul><div>\u00a0<\/div><p><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">4.<span class=\"TextRun SCXW251152807 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW251152807 BCX0\">Model the ramp-up period<\/span><\/span><span class=\"EOP SCXW251152807 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0,&quot;469777462&quot;:[720],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/span><\/p><ul><li><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW67450572 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW67450572 BCX0\">How long would it take to <\/span><span class=\"NormalTextRun SCXW67450572 BCX0\">get to<\/span><span class=\"NormalTextRun SCXW67450572 BCX0\"> full functionality?<\/span><\/span><span class=\"EOP SCXW67450572 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW207420356 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW207420356 BCX0\">How long to recruit and onboard providers<\/span><\/span><span class=\"EOP SCXW207420356 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW188555606 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW188555606 BCX0\">For each quarter during the ramp-up period, what are the revenue and expense exp<\/span><span class=\"NormalTextRun SCXW188555606 BCX0\">ecta<\/span><span class=\"NormalTextRun SCXW188555606 BCX0\">tion<\/span><span class=\"NormalTextRun SCXW188555606 BCX0\">s<\/span><span class=\"NormalTextRun SCXW188555606 BCX0\">?\u00a0<\/span><\/span><span class=\"EOP SCXW188555606 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><li><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW151635121 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW151635121 BCX0\">How much financing may be needed <\/span><span class=\"NormalTextRun SCXW151635121 BCX0\">to cover losses <\/span><span class=\"NormalTextRun SCXW151635121 BCX0\">during the ramp up?<\/span><\/span><span class=\"EOP SCXW151635121 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><\/ul><div>\u00a0<\/div><p><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW146592912 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW146592912 BCX0\">Depending on founder experience and familiarity with budgeting, it may be beneficial to connect with a business consultant with a focus on healthcare to help develop a forecast. <a class=\"Hyperlink SCXW162325283 BCX0\" href=\"https:\/\/create.microsoft.com\/en-us\/templates\/budgets\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW162325283 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW162325283 BCX0\" data-ccp-charstyle=\"Hyperlink\"><strong>Budget <\/strong><\/span><\/span><\/a><span class=\"TextRun SCXW162325283 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW162325283 BCX0\">\u202fand\u202f<\/span><\/span><a class=\"Hyperlink SCXW162325283 BCX0\" href=\"https:\/\/create.microsoft.com\/en-us\/templates\/financial-management\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW162325283 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW162325283 BCX0\" data-ccp-charstyle=\"Hyperlink\"><strong>financial <\/strong><\/span><\/span><\/a><span class=\"TextRun SCXW162325283 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW162325283 BCX0\">\u202fmanagement templates are available for reference through Microsoft Platforms.<\/span><\/span><\/span><\/span>\u00a0<\/span><\/p><p><span class=\"EOP SCXW261962729 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><span class=\"TextRun SCXW65687011 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW65687011 BCX0\">The sections below <\/span><span class=\"NormalTextRun SCXW65687011 BCX0\">explore<\/span><span class=\"NormalTextRun SCXW65687011 BCX0\"> the common revenue and expense categories of primary care clinics. They may be helpful in guiding financial forecast and budgeting<\/span><\/span><span class=\"EOP SCXW65687011 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"> .<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dffc3cc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dffc3cc\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6287af8\" data-id=\"6287af8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e0919c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3e0919c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f9bbcd5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f9bbcd5\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-520d9bd\" data-id=\"520d9bd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c59b638 elementor-widget elementor-widget-text-editor\" data-id=\"c59b638\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span class=\"TextRun SCXW166964286 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW166964286 BCX0\" data-ccp-parastyle=\"heading 3\">Estimating Clinic Revenues<\/span><\/span><span class=\"EOP SCXW166964286 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335572079&quot;:6,&quot;335572080&quot;:1,&quot;335572081&quot;:12431474,&quot;469789806&quot;:&quot;single&quot;}\">\u00a0<\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df71ad2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df71ad2\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-142e3de\" data-id=\"142e3de\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76d09d6 elementor-widget elementor-widget-text-editor\" data-id=\"76d09d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW47275257 BCX0\">Generally, <\/span><span class=\"NormalTextRun SCXW47275257 BCX0\">depending on the corporate structure, <\/span><span class=\"NormalTextRun SCXW47275257 BCX0\">clinics may generate revenue from operations of the primary care clinic as well as from other non-primary care operations (renting spaces, financing activities, etc.). In this section, we focus on the (primary care) operating activities.<\/span><\/p><p><strong><span class=\"NormalTextRun SCXW47275257 BCX0\"><span class=\"TextRun SCXW35335370 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW35335370 BCX0\" data-ccp-parastyle=\"heading 4\">Operating Revenue Streams in a Medical Clinic<\/span><\/span><\/span><\/strong><\/p><p><span class=\"TextRun SCXW90070668 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW90070668 BCX0\">In most community primary care practices, the main revenue stream is the overhead collected from (or on behalf of) providers.\u00a0<\/span><\/span><\/p><ul><li><span class=\"EOP SCXW90070668 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"> <span class=\"TextRun SCXW255567726 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW255567726 BCX0\">For NPs, the overhead is currently outlined as part of their contract and may vary slightly depending on the region and setting<\/span><span class=\"NormalTextRun SCXW255567726 BCX0\">.\u00a0<\/span><\/span><span class=\"EOP SCXW255567726 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/span><\/li><li><span class=\"TextRun SCXW61594345 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW61594345 BCX0\">For RNs and allied health professionals (such as social workers, counsellors, etc.) who provide services as part of a Health Authority initiative (such as PCN), the clinic will receive a set overhead based on practitioners Full Time Equivalency. <span class=\"TextRun SCXW39701848 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW39701848 BCX0\"> If these professionals are hired by the clinic independently, the income generated from their services will go to clinic, who is responsible for their salary.<\/span><\/span><\/span><\/span><\/li><li><span class=\"NormalTextRun SCXW70252770 BCX0\">Physicians, specialists, and other providers who bill MSP, third party insurance or private billings <\/span><span class=\"NormalTextRun SCXW70252770 BCX0\">will pay overhead based on a remuneration agreement<\/span><span class=\"NormalTextRun SCXW70252770 BCX0\">. <span class=\"NormalTextRun SCXW252405329 BCX0\">These agreements may also apply to NPs in <\/span><span class=\"NormalTextRun SCXW252405329 BCX0\">future if<\/span><span class=\"NormalTextRun SCXW252405329 BCX0\"> the nature of current contracts changes. The most common remuneration models in BC are discussed below.<\/span><\/span><\/li><\/ul><div>\u00a0<\/div><p><span class=\"TextRun SCXW159214695 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW159214695 BCX0\">In addition to overhead collected from providers, medical clinics may leverage other income streams <\/span><span class=\"NormalTextRun SCXW159214695 BCX0\">including:<\/span><\/span><span class=\"EOP SCXW159214695 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li><span class=\"TextRun SCXW253408650 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW253408650 BCX0\">Additional operating revenue streams<\/span><\/span><span class=\"EOP SCXW253408650 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><ul><li><span class=\"TextRun SCXW60459010 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW60459010 BCX0\">Medical legal, <\/span><span class=\"NormalTextRun SCXW60459010 BCX0\">third-party<\/span><span class=\"NormalTextRun SCXW60459010 BCX0\"> billings WCB, ICBC, etc.<\/span><\/span><span class=\"EOP SCXW60459010 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW241228810 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW241228810 BCX0\">Group visits\/programs<\/span><\/span><span class=\"EOP SCXW241228810 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW229952206 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW229952206 BCX0\">Health authority\/ministry initiatives<\/span><\/span><span class=\"EOP SCXW229952206 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW78894931 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW78894931 BCX0\">Private procedures performed by technicians or providers<\/span><\/span><span class=\"EOP SCXW78894931 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW173374962 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW173374962 BCX0\">Non-Rx dispensing and related wellness offering<\/span><span class=\"NormalTextRun SCXW173374962 BCX0\">s<\/span><\/span><span class=\"EOP SCXW173374962 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><div>\u00a0<\/div><ul><li><span class=\"TextRun SCXW5828501 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW5828501 BCX0\">Additional non-operating revenue streams<\/span><\/span><span class=\"EOP SCXW5828501 BCX0\" data-ccp-props=\"{&quot;134233279&quot;:false,&quot;201341983&quot;:0,&quot;335559685&quot;:714,&quot;335559738&quot;:160,&quot;335559739&quot;:0,&quot;335559740&quot;:240,&quot;335559991&quot;:357}\">\u00a0<\/span><ul><li><span class=\"TextRun SCXW61181953 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW61181953 BCX0\">Renting spaces during non-peak hours<\/span><\/span><span class=\"EOP SCXW61181953 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW216227141 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW216227141 BCX0\">Research and data sharing funding<\/span><\/span><span class=\"EOP SCXW216227141 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW146199904 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW146199904 BCX0\">Charitable donations provided to the clinic (depending on the clinic entity)<\/span><\/span><\/li><\/ul><\/li><\/ul><p><span class=\"NormalTextRun SCXW227204269 BCX0\">\u00a0<\/span><\/p><p><span class=\"NormalTextRun SCXW227204269 BCX0\">It is important for founders to diligently consider the revenues generated from overheads and other st<\/span><span class=\"NormalTextRun SCXW227204269 BCX0\">r<\/span><span class=\"NormalTextRun SCXW227204269 BCX0\">eams. <span class=\"TextRun SCXW227204269 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\">The main question a clinic owner should consider is whether the revenue generated is enough to at least cover expenses (and a reasonable operating buffer).<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b71a00c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b71a00c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58b321d\" data-id=\"58b321d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f787682 elementor-widget elementor-widget-text-editor\" data-id=\"f787682\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Common Remuneration\/Overhead models in BC<\/strong><\/p><p><span class=\"NormalTextRun SCXW221238891 BCX0\">Medical clinic often <\/span><span class=\"NormalTextRun SCXW221238891 BCX0\">needs<\/span><span class=\"NormalTextRun SCXW221238891 BCX0\"> to balance the revenue needs with recruitment and retention incentives for providers. The scope of the remuneration agreement may differ for <\/span><span class=\"NormalTextRun SCXW221238891 BCX0\">different types<\/span><span class=\"NormalTextRun SCXW221238891 BCX0\"> of providers that the clinic aims to recruit. For example, physicians, specialists, psychologists, and some allied health providers such as Physiotherapists usually pay overhead for both MSP and non-MSP covered billings. Others, such as NPs, have allocated overhead amounts for activities outlined in their contract (e.g. PCN agreement) and may only have remuneration agreements for the portion of earnings related to activities not governed by their contract.\u00a0<\/span><\/p><p><span class=\"TextRun SCXW125216477 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW125216477 BCX0\">This section aims to provide examples of remuneration structures commonly used in BC and briefly discusses pros and cons of each structure. Please note this is not an exhaustive list and those interested in a remuneration model should conduct further due diligence. The most common remuneration models in BC are discussed below.<\/span><\/span><\/p><p><strong><span style=\"text-decoration: underline;\"><span class=\"NormalTextRun SCXW244767267 BCX0\">Fixed <\/span><\/span><\/strong><span class=\"NormalTextRun SCXW244767267 BCX0\"><strong><span style=\"text-decoration: underline;\">Split (a.k.a. % Based Split)<\/span><\/strong>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75b611d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75b611d\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a0dca0a\" data-id=\"a0dca0a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2727552 elementor-widget elementor-widget-image\" data-id=\"2727552\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"559\" src=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.48.01-PM-1024x715.png\" class=\"attachment-large size-large wp-image-6495\" alt=\"\" srcset=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.48.01-PM-1024x715.png 1024w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.48.01-PM-300x209.png 300w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.48.01-PM-768x536.png 768w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.48.01-PM.png 1324w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7a34d66 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7a34d66\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7fb64c6\" data-id=\"7fb64c6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-96a519d elementor-widget elementor-widget-text-editor\" data-id=\"96a519d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW173074560 BCX0\">In this model, the clinic collects an agreed upon percentage of each provider&#8217;s paid billings<\/span><span class=\"NormalTextRun SCXW173074560 BCX0\">. <\/span><span class=\"NormalTextRun SCXW173074560 BCX0\">For example, in a 70-30 split, the provider pays 30% of their paid billing <span class=\"NormalTextRun SCXW111821281 BCX0\">to the clinic to cover overhead and keeps 70% as earnings<\/span><span class=\"NormalTextRun SCXW111821281 BCX0\">. <\/span><span class=\"NormalTextRun SCXW111821281 BCX0\">As the graph below demonstrate the clinic revenue is dependent on the provider earnings.<\/span><\/span><\/p><p><span class=\"TextRun SCXW21264329 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW21264329 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW21264329 BCX0\">In this overhead structure, unless otherwise outlined in a contract:<\/span><\/span><span class=\"EOP SCXW21264329 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li><span class=\"TextRun SCXW250467522 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW250467522 BCX0\">Efficient billers may pay more in billing than those less efficient<\/span><\/span><span class=\"EOP SCXW250467522 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW241114679 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW241114679 BCX0\">The clinic bares the risk associated with unexpected absences or unfilled rooms<\/span><\/span><span class=\"EOP SCXW241114679 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW126671730 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW126671730 BCX0\">Clinic owner<\/span><span class=\"NormalTextRun SCXW126671730 BCX0\">(<\/span><span class=\"NormalTextRun SCXW126671730 BCX0\">s<\/span><span class=\"NormalTextRun SCXW126671730 BCX0\">)<\/span><span class=\"NormalTextRun SCXW126671730 BCX0\"> ha<\/span><span class=\"NormalTextRun SCXW126671730 BCX0\">ve<\/span><span class=\"NormalTextRun SCXW126671730 BCX0\"> an interest to find locums<\/span><\/span><span class=\"EOP SCXW126671730 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW101145459 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW101145459 BCX0\">Fluctuations in provider schedule can significantly impacts the clinic&#8217;s financial outcome and sustainability<\/span><\/span><span class=\"EOP SCXW101145459 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span style=\"text-decoration: underline;\"><span class=\"TextRun Underlined SCXW90515887 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW90515887 BCX0\">Fixed fee\u00a0<\/span><\/span><\/span><span class=\"EOP SCXW90515887 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span class=\"NormalTextRun SCXW246788066 BCX0\">As the name suggests, in this remuneration model, the clinic collects a fixed fee from each provider (usually at the beginning of each month) to cover the clinic&#8217;s overhead<\/span><span class=\"NormalTextRun SCXW246788066 BCX0\">. <\/span><span class=\"NormalTextRun SCXW246788066 BCX0\">The fee is usually calculated based on the number of days the providers commit to working at the clinic. <span class=\"TextRun SCXW87779895 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW87779895 BCX0\"> Provider work commitments may be revisited once or twice a year as outlined in their agreement.<\/span><\/span><span class=\"TextRun SCXW87779895 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW87779895 BCX0\"> The graphs below demonstrate that provider billing does not affect the anticipated clinic revenues. When compared to fixed split this model may be more appealing to higher billers.<\/span><\/span><\/span><\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dd2acf1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dd2acf1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b914e4a\" data-id=\"b914e4a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50f5185 elementor-widget elementor-widget-image\" data-id=\"50f5185\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"416\" src=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.15-PM.png\" class=\"attachment-large size-large wp-image-6496\" alt=\"\" srcset=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.15-PM.png 966w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.15-PM-300x156.png 300w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.15-PM-768x399.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8295fb4\" data-id=\"8295fb4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2db845 elementor-widget elementor-widget-image\" data-id=\"f2db845\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"414\" src=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.30-PM.png\" class=\"attachment-large size-large wp-image-6497\" alt=\"\" srcset=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.30-PM.png 998w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.30-PM-300x155.png 300w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-12.54.30-PM-768x397.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0547e02 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0547e02\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-16c7266\" data-id=\"16c7266\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8450e31 elementor-widget elementor-widget-text-editor\" data-id=\"8450e31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW131966871 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW131966871 BCX0\">In th<\/span><span class=\"NormalTextRun SCXW131966871 BCX0\">e fixed fee <\/span><span class=\"NormalTextRun SCXW131966871 BCX0\">overhead structure:<\/span><\/span><span class=\"EOP SCXW131966871 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><ul><li><span class=\"NormalTextRun SCXW139230127 BCX0\">If a provider decides to reduce their practice days within the agreement <\/span><span class=\"NormalTextRun SCXW139230127 BCX0\">period<\/span><span class=\"NormalTextRun SCXW139230127 BCX0\">, they are still responsible for the fixed payments<\/span><\/li><li><span class=\"TextRun SCXW45474253 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW45474253 BCX0\">It is to providers\u2019 benefit to ensure locum coverage<\/span><\/span><span class=\"EOP SCXW45474253 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW37772898 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW37772898 BCX0\">High billers can usually retain more of their earnings<\/span><\/span><\/li><li><span class=\"NormalTextRun SCXW248040537 BCX0\">The clinic has certainty in revenues, despite <\/span><span class=\"NormalTextRun SCXW248040537 BCX0\">variability in <\/span><span class=\"NormalTextRun SCXW248040537 BCX0\">provider b<\/span><span class=\"NormalTextRun SCXW248040537 BCX0\">i<\/span><span class=\"NormalTextRun SCXW248040537 BCX0\">lling<\/span><\/li><\/ul><p>\u00a0<\/p><p><strong><span style=\"text-decoration: underline;\"><span class=\"TextRun Underlined SCXW198338589 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW198338589 BCX0\">Progressive % of billing (a.k.a. Sliding Scale)<\/span><\/span><span class=\"EOP SCXW198338589 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e0d5be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e0d5be\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1176a60\" data-id=\"1176a60\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c8090f elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"2c8090f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"533\" src=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.15.57-PM-768x533.png\" class=\"attachment-medium_large size-medium_large wp-image-6498\" alt=\"\" srcset=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.15.57-PM-768x533.png 768w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.15.57-PM-300x208.png 300w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.15.57-PM-1024x711.png 1024w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.15.57-PM.png 1028w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cdc00e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cdc00e3\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cd30296\" data-id=\"cd30296\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-749359a elementor-widget elementor-widget-text-editor\" data-id=\"749359a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"NormalTextRun SCXW182216944 BCX0\">In the model, <\/span><span class=\"NormalTextRun SCXW182216944 BCX0\">the provider contribut<\/span><span class=\"NormalTextRun SCXW182216944 BCX0\">es<\/span><span class=\"NormalTextRun SCXW182216944 BCX0\"> a progressively reducing percentage of billing to the clinic.<\/span><span class=\"NormalTextRun SCXW182216944 BCX0\"> This system is comparable to the reverse of our progressive tax system. As provider billing levels increase, the percentage of overhead attributed to the clinic reduces. <span class=\"TextRun SCXW182216944 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\">This is accomplished by charging a reduced overhead for a predefined segment of the billings. This model is sometimes seen as a compromise between the fixed split and fixed fee models. As the graph demonstrates the effective overhead reduces as the provider billing increases. The clinic forgoes some of the upsides seen in fixed split but also gains some protection against unexpected downside.\u00a0<\/span><\/span><\/p><p><span class=\"TextRun SCXW251525975 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW251525975 BCX0\">In the progressive % of Billing model:<\/span><\/span><span class=\"EOP SCXW251525975 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><ul><li><span class=\"TextRun SCXW188912386 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW188912386 BCX0\">Both parties will benefit if there is consistent locum coverage<\/span><\/span><span class=\"EOP SCXW188912386 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW126468703 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW126468703 BCX0\">High earners keep more of their earnings and low earners pay a higher percentage<\/span><\/span><span class=\"EOP SCXW126468703 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"NormalTextRun SCXW2270971 BCX0\">May not be ideal for those who work less than 0.5 FTE or those who <\/span><span class=\"NormalTextRun SCXW2270971 BCX0\">do not<\/span><span class=\"NormalTextRun SCXW2270971 BCX0\"> bill a lot<\/span><\/li><li><span class=\"TextRun SCXW116624894 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW116624894 BCX0\">Clinic still faces risks if providers depart for extended periods of time<\/span><\/span><span class=\"EOP SCXW116624894 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span style=\"text-decoration: underline;\"><span class=\"TextRun Underlined SCXW8397325 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW8397325 BCX0\">Cost Share<\/span><\/span><span class=\"EOP SCXW8397325 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/p><p><span class=\"TextRun SCXW16266495 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW16266495 BCX0\">In a cost share model, the clinic aims to recoup only its expenses and a small operating buffer. Expenses, and therefore overheads, are usually calculated based on relative clinic usage (days of work). This means the providers pay a monthly fee, calculated based on historical values, and as financial information comes in, the providers&#8217; overheads are re-settled or down.<\/span><\/span><\/p><p><span class=\"TextRun SCXW34590065 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW34590065 BCX0\">In cost share model:\u00a0<\/span><\/span><span class=\"EOP SCXW34590065 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0,&quot;469777462&quot;:[720],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p><ul><li><span class=\"TextRun SCXW262875732 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW262875732 BCX0\">The effective overhead <\/span><span class=\"NormalTextRun SCXW262875732 BCX0\">i<\/span><span class=\"NormalTextRun SCXW262875732 BCX0\">s usually less than other models<\/span><span class=\"NormalTextRun SCXW262875732 BCX0\">, which helps recruitment and retention<\/span><\/span><span class=\"EOP SCXW262875732 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW232624765 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW232624765 BCX0\">Everyone at the clinic has <\/span><span class=\"NormalTextRun SCXW232624765 BCX0\">an interest<\/span> <span class=\"NormalTextRun SCXW232624765 BCX0\">in ensuring the patient\u2019s needs for access are met<\/span><\/span><span class=\"EOP SCXW232624765 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW60183467 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW60183467 BCX0\">Providers usually divide oversight of the clinics among each other to ensure equal workload<\/span><\/span><span class=\"EOP SCXW60183467 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW136510696 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW136510696 BCX0\">Unless actively planning for future costs, the renovation and capital costs can result in <\/span><span class=\"NormalTextRun SCXW136510696 BCX0\">a significant increase<\/span><span class=\"NormalTextRun SCXW136510696 BCX0\"> in overheads in particular years<\/span><\/span><span class=\"EOP SCXW136510696 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW190553872 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW190553872 BCX0\">As expenses <\/span><span class=\"NormalTextRun SCXW190553872 BCX0\">grow,<\/span><span class=\"NormalTextRun SCXW190553872 BCX0\"> so do overhead expectations, which may make it difficult for providers to plan their personal finances.<\/span><\/span><span class=\"EOP SCXW190553872 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><strong><span style=\"text-decoration: underline;\"><span class=\"TextRun Underlined SCXW57525450 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW57525450 BCX0\">Graphical comparison of the remuneration models<\/span><\/span><span class=\"EOP SCXW57525450 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/strong><\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-441844a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"441844a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8609525\" data-id=\"8609525\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d3c1ef elementor-widget elementor-widget-image\" data-id=\"3d3c1ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"516\" src=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.24.22-PM.png\" class=\"attachment-large size-large wp-image-6499\" alt=\"\" srcset=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.24.22-PM.png 1010w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.24.22-PM-300x194.png 300w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.24.22-PM-768x496.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-18ff87d\" data-id=\"18ff87d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65eb4e5 elementor-widget elementor-widget-image\" data-id=\"65eb4e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"529\" src=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.25.01-PM.png\" class=\"attachment-large size-large wp-image-6500\" alt=\"\" srcset=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.25.01-PM.png 1010w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.25.01-PM-300x198.png 300w, https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-1.25.01-PM-768x508.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e3cdf45 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e3cdf45\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18a878d\" data-id=\"18a878d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e858f6 elementor-widget elementor-widget-text-editor\" data-id=\"4e858f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW3180059 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW3180059 BCX0\">As shown below, the effective overhead can vary significantly depending on the selected remuneration models. In most cases, the providers and clinic interests may seem opposing. It is important to both parties to approach remuneration discussions transparently and with both of their interest in mind, so that a reasonable compromise, benefiting both parties, can be achieved.<\/span><\/span><\/p><p><strong><span class=\"TextRun SCXW155587890 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW155587890 BCX0\" data-ccp-parastyle=\"heading 4\">Other Useful Resources Related <\/span><span class=\"NormalTextRun SCXW155587890 BCX0\" data-ccp-parastyle=\"heading 4\">to Clinic Revenue<\/span><\/span><span class=\"EOP SCXW155587890 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:80,&quot;335559739&quot;:40}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW56375876 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW56375876 BCX0\">NP Overhead<\/span><\/span><ul><li><span class=\"EOP SCXW56375876 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\"><strong><a class=\"Hyperlink SCXW63624393 BCX0\" href=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2024\/05\/NNPBC_0992_NP-Salary-Funding_f04.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW63624393 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW63624393 BCX0\" data-ccp-charstyle=\"Hyperlink\">NP Salary and Funding Allocation for Overhead Expenses<\/span><\/span><\/a><span class=\"TextRun SCXW63624393 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW63624393 BCX0\">\u00a0<\/span><\/span><\/strong><span class=\"EOP SCXW63624393 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/span><\/li><\/ul><\/li><li><span class=\"TextRun SCXW183810930 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183810930 BCX0\">Encou<\/span><span class=\"NormalTextRun SCXW183810930 BCX0\">n<\/span><span class=\"NormalTextRun SCXW183810930 BCX0\">ter and Shift Coding<\/span><\/span><span class=\"EOP SCXW183810930 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><ul><li><strong><a class=\"Hyperlink SCXW92184809 BCX0\" href=\"https:\/\/www.pcnbc.ca\/media\/pcn\/PCNClinic_Setup_for_Encounter_Rptg_2022-05-18.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW92184809 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW92184809 BCX0\" data-ccp-charstyle=\"Hyperlink\">Clinic Set Up for Encounter Billing<\/span><\/span><\/a><span class=\"EOP SCXW92184809 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/strong><\/li><li><strong><a class=\"Hyperlink SCXW219407188 BCX0\" href=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2022\/04\/NNPBC_0992_Encounter-Codes-Quick-Reference_02.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW219407188 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW219407188 BCX0\" data-ccp-charstyle=\"Hyperlink\">Encounter Codes Quick Reference Guide<\/span><\/span><\/a><span class=\"EOP SCXW219407188 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/strong><\/li><li><strong><a class=\"Hyperlink SCXW126356147 BCX0\" href=\"https:\/\/www.pcnbc.ca\/media\/pcn\/Encounter_Reporting_QA__09_22.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW126356147 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW126356147 BCX0\" data-ccp-charstyle=\"Hyperlink\">Encounter Reporting for PCN Q and A<\/span><\/span><\/a><span class=\"EOP SCXW126356147 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/strong><\/li><li><strong><a class=\"Hyperlink SCXW113688873 BCX0\" href=\"https:\/\/www.pcnbc.ca\/media\/pcn\/Encounter_and_AttachmentReporting_ContactList_12162021.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW113688873 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW113688873 BCX0\" data-ccp-charstyle=\"Hyperlink\">Encounter and Attachment Reporting and Billing Support Contact List<\/span><\/span><\/a><span class=\"EOP SCXW113688873 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/strong><\/li><\/ul><\/li><li><span class=\"TextRun SCXW104720770 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW104720770 BCX0\">Third party Billing<\/span><\/span><span class=\"EOP SCXW104720770 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><ul><li><strong><a class=\"Hyperlink SCXW256511963 BCX0\" href=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2023\/07\/NNPBC_0992_Third-party-billing-info-sheet_03.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW256511963 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW256511963 BCX0\" data-ccp-charstyle=\"Hyperlink\">Third Party Billing Info Sheet<\/span><\/span><\/a><span class=\"EOP SCXW256511963 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/strong><\/li><li><strong><a class=\"Hyperlink SCXW230865922 BCX0\" href=\"https:\/\/partners.icbc.com\/health-services\/nurse-practitioners\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW230865922 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW230865922 BCX0\" data-ccp-charstyle=\"Hyperlink\">ICBC Invoicing and Reporting for NPs<\/span><\/span><\/a><\/strong><span class=\"EOP SCXW230865922 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bbb104 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7bbb104\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b984405\" data-id=\"b984405\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-125ea08 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"125ea08\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df1cec5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df1cec5\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c9db1b\" data-id=\"4c9db1b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af328f0 elementor-widget elementor-widget-text-editor\" data-id=\"af328f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span class=\"TextRun SCXW150721329 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW150721329 BCX0\" data-ccp-parastyle=\"heading 3\">Estimating Clinic Expenses<\/span><\/span><span class=\"EOP SCXW150721329 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335572079&quot;:6,&quot;335572080&quot;:1,&quot;335572081&quot;:12431474,&quot;469789806&quot;:&quot;single&quot;}\">\u00a0<\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c391c93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c391c93\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1b876f9\" data-id=\"1b876f9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-90ee376 elementor-widget elementor-widget-text-editor\" data-id=\"90ee376\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW184908577 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW184908577 BCX0\">Accurately estimating expenses is a critical step in launching and managing a successful medical clinic. \u202fLike revenues, clinic expenses can be broadly separated into operating and non-operating expenses. Primary care operating expenses can be segmented into three types:<\/span><\/span><\/p><ul><li><span style=\"text-decoration: underline;\"><strong><span class=\"TextRun Underlined SCXW62574417 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW62574417 BCX0\">Fixed Expenses<\/span><\/span><\/strong><\/span><span class=\"TextRun SCXW62574417 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span style=\"text-decoration: underline;\"><strong><span class=\"NormalTextRun SCXW62574417 BCX0\">&#8211; <\/span><\/strong><\/span><span class=\"NormalTextRun SCXW62574417 BCX0\">remain<\/span><span class=\"NormalTextRun SCXW62574417 BCX0\"> constant regardless of the number of provider sessions (and <\/span><span class=\"NormalTextRun SCXW62574417 BCX0\">patients<\/span><span class=\"NormalTextRun SCXW62574417 BCX0\">) of the clinic. Whether a provider works in-clinic or remotely they should be covering a share of these expenses through their overhead.<\/span><\/span><\/li><li><span style=\"text-decoration: underline;\"><strong><span class=\"TextRun Underlined SCXW45797614 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW45797614 BCX0\">Location Agnostic Variable Expenses<\/span><\/span><\/strong><\/span><span class=\"TextRun SCXW45797614 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW45797614 BCX0\"><span style=\"text-decoration: underline;\"><strong> \u2013<\/strong><\/span> change as number of provider (and patient demand) sessions increases or decreases. This category of variable expenses will be affected whether the provider is working remotely or in clinic. Therefore, providers working in any capacity should help cover these expenses through their overhead. and categories of expenses.\u00a0<\/span><\/span><\/li><li><span style=\"text-decoration: underline;\"><strong><span class=\"TextRun Underlined SCXW212054937 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW212054937 BCX0\">In-Clinic Variable Expenses<\/span><\/span><\/strong><\/span><span class=\"TextRun SCXW212054937 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW212054937 BCX0\"><span style=\"text-decoration: underline;\"><strong>&#8211;<\/strong><\/span> also changes in value based on the number of provider sessions, however this category of variable expenses is only affected when providers are working in-clinic.\u00a0<\/span><\/span><\/li><\/ul><p>\u00a0<\/p><p><span class=\"TextRun SCXW203384973 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW203384973 BCX0\">The following represents the <\/span><\/span><span class=\"TextRun SCXW203384973 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW203384973 BCX0\">clinic expense line items commonly seen in bookkeeping and financial documents, segmented into expense types<\/span><span class=\"NormalTextRun SCXW203384973 BCX0\">. <\/span><span class=\"NormalTextRun SCXW203384973 BCX0\">Limited examples of non-operating expenses are also provided below.<\/span><\/span><span class=\"EOP SCXW203384973 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c27d471 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c27d471\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b01c95c\" data-id=\"b01c95c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ddcc9d elementor-widget elementor-widget-text-editor\" data-id=\"4ddcc9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><strong><span lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span data-ccp-parastyle=\"heading 4\">Operating Expenses<\/span><\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:80,&quot;335559739&quot;:40}\">\u00a0<\/span><\/strong><\/h5><p><strong><span lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\">Fixed Expense<\/span><span lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\">s <\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/strong><\/p><ul><li><span lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\">Space expense (lease, utilities, taxes, strata, etc.)<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\">Maintenance and repairs<\/span><\/li><li><span lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\">Janitorial, cleaning, and waste disposal<\/span><\/li><li><span class=\"TextRun SCXW238574490 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW238574490 BCX0\">Security\/security system<\/span><\/span><span class=\"TextRun SCXW238574490 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW238574490 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW238574490 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW238574490 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW238574490 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW6463788 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW6463788 BCX0\">Parking<\/span><\/span><span class=\"TextRun SCXW6463788 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW6463788 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW6463788 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW6463788 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW6463788 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW46196212 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW46196212 BCX0\">Licenses, insurance, and permits<\/span><\/span><\/li><li><span class=\"TextRun SCXW167940751 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW167940751 BCX0\">Internet<\/span><\/span><span class=\"TextRun SCXW167940751 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW167940751 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW167940751 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW167940751 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW167940751 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW71155177 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW71155177 BCX0\">Computer, technology and IT<\/span><\/span><span class=\"TextRun SCXW71155177 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW71155177 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW71155177 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW71155177 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW71155177 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW170791242 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW170791242 BCX0\">Fax<\/span><\/span><span class=\"TextRun SCXW170791242 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW170791242 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW170791242 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW170791242 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW170791242 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW241538673 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW241538673 BCX0\">Telephone<\/span><\/span><span class=\"TextRun SCXW241538673 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW241538673 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW241538673 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW241538673 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW241538673 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW102942443 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW102942443 BCX0\">Equipment purchases or lease<\/span><\/span><span class=\"TextRun SCXW102942443 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW102942443 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW102942443 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW102942443 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW102942443 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW255501831 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW255501831 BCX0\">Website, advertising, and marketing<\/span><\/span><span class=\"TextRun SCXW255501831 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW255501831 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW255501831 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW255501831 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW255501831 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW237394371 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW237394371 BCX0\">Professional <\/span><span class=\"NormalTextRun SCXW237394371 BCX0\">s<\/span><span class=\"NormalTextRun SCXW237394371 BCX0\">ervices<\/span><\/span><span class=\"TextRun SCXW237394371 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW237394371 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW237394371 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW237394371 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW237394371 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW201739354 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW201739354 BCX0\">Recruitment and <\/span><span class=\"NormalTextRun SCXW201739354 BCX0\">r<\/span><span class=\"NormalTextRun SCXW201739354 BCX0\">etention<\/span><\/span><span class=\"TextRun SCXW201739354 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW201739354 BCX0\">\u200b<\/span><\/span><\/li><li><span class=\"TextRun SCXW62277503 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW62277503 BCX0\">Interest and bank charges<\/span><\/span><span class=\"TextRun SCXW62277503 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW62277503 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW62277503 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW62277503 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW62277503 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW39756667 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW39756667 BCX0\">Management and <\/span><span class=\"NormalTextRun SCXW39756667 BCX0\">a<\/span><span class=\"NormalTextRun SCXW39756667 BCX0\">dministration<\/span><\/span><span class=\"TextRun SCXW39756667 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW39756667 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW39756667 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW39756667 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW39756667 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW82367422 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW82367422 BCX0\">Miscellaneous<\/span><\/span><span class=\"TextRun SCXW82367422 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW82367422 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW82367422 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW82367422 BCX0\"> and incidental<\/span><\/span><span class=\"EOP SCXW82367422 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><strong><span style=\"font-size: 1rem;\"><span class=\"TextRun SCXW152841872 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW152841872 BCX0\" data-ccp-parastyle=\"heading 4\">Non-Operating Revenues<\/span><\/span><\/span><\/strong><strong><span style=\"font-size: 1rem;\"><span class=\"TextRun SCXW152841872 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW152841872 BCX0\" data-ccp-parastyle=\"heading 4\"> and Expenses<\/span><\/span><span class=\"TextRun SCXW152841872 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW152841872 BCX0\" data-ccp-parastyle=\"heading 4\">\u200b<\/span><\/span><span class=\"EOP SCXW152841872 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:80,&quot;335559739&quot;:40}\">\u00a0<\/span><\/span><\/strong><\/p><ul><li><span class=\"TextRun MacChromeBold SCXW44573580 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW44573580 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW44573580 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW44573580 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW44573580 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW44573580 BCX0\">Bad <\/span><span class=\"NormalTextRun SCXW44573580 BCX0\">d<\/span><span class=\"NormalTextRun SCXW44573580 BCX0\">ebts<\/span><\/span><span class=\"TextRun SCXW44573580 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW44573580 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW44573580 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW44573580 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW44573580 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW174691120 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW174691120 BCX0\">Amortization &amp; <\/span><span class=\"NormalTextRun SCXW174691120 BCX0\">d<\/span><span class=\"NormalTextRun SCXW174691120 BCX0\">epreciation<\/span><\/span><span class=\"TextRun SCXW174691120 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW174691120 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW174691120 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW174691120 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW174691120 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW267554687 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW267554687 BCX0\">Loan <\/span><span class=\"NormalTextRun SCXW267554687 BCX0\">r<\/span><span class=\"NormalTextRun SCXW267554687 BCX0\">epayment<\/span><\/span><span class=\"TextRun SCXW267554687 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW267554687 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW267554687 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8f860b8\" data-id=\"8f860b8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-746a79c elementor-widget elementor-widget-text-editor\" data-id=\"746a79c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<\/p><p><strong>L<span class=\"TextRun MacChromeBold SCXW261000203 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW261000203 BCX0\">ocation Agnostic Variable Expe<\/span><\/span><span class=\"TextRun MacChromeBold SCXW261000203 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW261000203 BCX0\">nses<\/span><\/span><span class=\"TextRun SCXW261000203 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW261000203 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW261000203 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW261000203 BCX0\">\u200b<\/span><\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW218849177 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW218849177 BCX0\">Wages, benefits, and bonuses<\/span><\/span><span class=\"TextRun SCXW218849177 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW218849177 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW218849177 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW218849177 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW218849177 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li>EMR<\/li><li><span data-contrast=\"none\">Software subscriptions<\/span><\/li><li>U<span class=\"TextRun SCXW240723681 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW240723681 BCX0\">niforms<\/span><\/span><span class=\"TextRun SCXW240723681 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW240723681 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW240723681 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW240723681 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW240723681 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li>C<span class=\"TextRun SCXW84159520 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW84159520 BCX0\">ourier services and postage<\/span><\/span><span class=\"TextRun SCXW84159520 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW84159520 BCX0\">\u200b<\/span><\/span><\/li><li>M<span class=\"TextRun SCXW224691609 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW224691609 BCX0\">eals and entertainment<\/span><\/span><span class=\"TextRun SCXW224691609 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW224691609 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW224691609 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW224691609 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW224691609 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p><strong>I<span class=\"TextRun MacChromeBold SCXW260520108 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW260520108 BCX0\">n-<\/span><\/span><\/strong><span class=\"TextRun MacChromeBold SCXW260520108 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW260520108 BCX0\"><strong>Clinic Variable Expenses<\/strong> <\/span><\/span><\/p><ul><li><span class=\"TextRun SCXW205086745 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW205086745 BCX0\">Medical <\/span><span class=\"NormalTextRun SCXW205086745 BCX0\">s<\/span><span class=\"NormalTextRun SCXW205086745 BCX0\">upplies<\/span><\/span><span class=\"TextRun SCXW205086745 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW205086745 BCX0\">\u200b<\/span><\/span><\/li><li><span class=\"TextRun SCXW70153828 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW70153828 BCX0\">Office <\/span><span class=\"NormalTextRun SCXW70153828 BCX0\">s<\/span><span class=\"NormalTextRun SCXW70153828 BCX0\">upplies<\/span><\/span><span class=\"TextRun SCXW70153828 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW70153828 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW70153828 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW70153828 BCX0\">\u200b<\/span><\/span><span class=\"EOP SCXW70153828 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><p>\u00a0<\/p><ul><li><span class=\"TextRun SCXW225387978 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW225387978 BCX0\">Interest<\/span><\/span><span class=\"TextRun SCXW225387978 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW225387978 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW225387978 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW225387978 BCX0\">\u200b<\/span><\/span><\/li><li>I<span class=\"TextRun SCXW1514085 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW1514085 BCX0\">ncome <\/span><span class=\"NormalTextRun SCXW1514085 BCX0\">t<\/span><span class=\"NormalTextRun SCXW1514085 BCX0\">axes<\/span><\/span><span class=\"TextRun SCXW1514085 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW1514085 BCX0\">\u200b<\/span><\/span><\/li><li><span class=\"TextRun SCXW247199472 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW247199472 BCX0\">Capital investment costs<\/span><\/span><span class=\"TextRun SCXW247199472 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW247199472 BCX0\">\u200b<\/span><\/span><span class=\"TextRun SCXW247199472 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW247199472 BCX0\">\u00a0<\/span><\/span><span class=\"EOP SCXW247199472 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9ff6df0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9ff6df0\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b672f85\" data-id=\"b672f85\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de484e7 elementor-widget elementor-widget-text-editor\" data-id=\"de484e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<\/p><p><span class=\"TextRun SCXW185257919 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW185257919 BCX0\">Despite the <\/span><span class=\"NormalTextRun SCXW185257919 BCX0\">considerable number<\/span><span class=\"NormalTextRun SCXW185257919 BCX0\"> of expense categories, <\/span><span class=\"NormalTextRun CommentStart SCXW185257919 BCX0\">the<\/span><span class=\"NormalTextRun SCXW185257919 BCX0\">re are five categories that represent the<\/span><span class=\"NormalTextRun SCXW185257919 BCX0\"> most significant expense drivers<\/span><span class=\"NormalTextRun SCXW185257919 BCX0\">. These<\/span><span class=\"NormalTextRun SCXW185257919 BCX0\"> includ<\/span><span class=\"NormalTextRun SCXW185257919 BCX0\">e<\/span><span class=\"NormalTextRun SCXW185257919 BCX0\">:<\/span><\/span><span class=\"EOP SCXW185257919 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><ul><li><span class=\"TextRun SCXW146969786 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW146969786 BCX0\">Staff wages, <\/span><span class=\"NormalTextRun SCXW146969786 BCX0\">benefits,<\/span><span class=\"NormalTextRun SCXW146969786 BCX0\"> and bonuses (on average between 50 to 60% of total expenses)<\/span><\/span><span class=\"EOP SCXW146969786 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW55186498 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW55186498 BCX0\">Space expenses (on average between 15-25% of total expenses)<\/span><\/span><span class=\"EOP SCXW55186498 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW203221252 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW203221252 BCX0\">EMR (<\/span><span class=\"NormalTextRun SCXW203221252 BCX0\">on average between 4-6% of total expenses)<\/span><\/span><span class=\"EOP SCXW203221252 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW148188791 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW148188791 BCX0\">Medical and office supplies (with combined average between 3-7% of total expenses)<\/span><\/span><span class=\"EOP SCXW148188791 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW173388348 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW173388348 BCX0\">Janitorial, cleaning and waste disposal (on average between 2-4% of total expenses)<\/span><\/span><span class=\"EOP SCXW173388348 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p><span class=\"TextRun SCXW35398229 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW35398229 BCX0\">The staff and space expenses accounts for approximately 75% of total expenses. This highlights the importance of ensuring optimal utilization and detailed forecasting of these two categories. Comparatively other categories may not have as significant of an impact on overall success of the clinic.\u00a0<\/span><\/span><\/p><p><span class=\"TextRun SCXW219813194 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW219813194 BCX0\">Strategies for improving staff utilization and management are discussed in <\/span><\/span><span class=\"TextRun Highlight SCXW219813194 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW219813194 BCX0\">HR Planning and Management <span style=\"text-decoration: underline;\"><strong>&lt;link to section 4&gt;<\/strong><\/span><\/span><\/span><span style=\"text-decoration: underline;\"><strong><span class=\"TextRun SCXW219813194 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW219813194 BCX0\">.<\/span><\/span><\/strong><\/span><span class=\"TextRun SCXW219813194 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW219813194 BCX0\"> <span class=\"NormalTextRun SCXW205826968 BCX0\">The next section briefly discusses strategies <\/span><span class=\"NormalTextRun SCXW205826968 BCX0\">for space planning to help <\/span><span class=\"NormalTextRun SCXW205826968 BCX0\">improve <\/span><span class=\"NormalTextRun SCXW205826968 BCX0\">s<\/span><span class=\"NormalTextRun SCXW205826968 BCX0\">pace <\/span><span class=\"NormalTextRun SCXW205826968 BCX0\">u<\/span><span class=\"NormalTextRun SCXW205826968 BCX0\">tilization.<\/span><\/span><\/span><\/p><p><strong><em><span class=\"TextRun SCXW117748882 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW117748882 BCX0\" data-ccp-parastyle=\"heading 4\">Space Planning\u00a0<\/span><\/span><\/em><span class=\"EOP SCXW117748882 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:80,&quot;335559739&quot;:40}\">\u00a0<\/span><\/strong><\/p><p><span class=\"TextRun SCXW34192165 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW34192165 BCX0\">A critical factor in your strategic planning is deciding on what type of space you need. Subsequently, it is crucial to find a space that meets your strategic plan, long term goals and the business plan you have developed without over committing. Larger spaces are not always advantageous. They represent higher space costs that may need to be amortized over larger number of providers sessions, which in turn can require higher staffing costs.\u00a0<\/span><\/span><\/p><p><span class=\"TextRun SCXW111224734 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW111224734 BCX0\">This section provides tips on finding the location and tips and check list to get you started with designing the space.<\/span><\/span><span class=\"EOP SCXW111224734 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><strong><em><span class=\"TextRun MacChromeBold SCXW10497686 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10497686 BCX0\">Finding a suitable location<\/span><\/span><span class=\"EOP SCXW10497686 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/em><\/strong><\/p><p><span class=\"TextRun SCXW97515934 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW97515934 BCX0\">The commercial building you choose will have <\/span><span class=\"NormalTextRun SCXW97515934 BCX0\">a significant impact<\/span><span class=\"NormalTextRun SCXW97515934 BCX0\"> on your business. Ideally, its size, layout, <\/span><span class=\"NormalTextRun SCXW97515934 BCX0\">location,<\/span><span class=\"NormalTextRun SCXW97515934 BCX0\"> and appearance should all enhance your operations while respecting <\/span><\/span><a class=\"Hyperlink SCXW97515934 BCX0\" href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/money-finance\/buy-lease-commercial-real-estate\/zoning-issues-and-their-irimpact-on-your-commercial-space\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun SCXW97515934 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW97515934 BCX0\"><strong>zoning<\/strong><\/span><\/span><\/a><span class=\"TextRun SCXW97515934 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW97515934 BCX0\"> and <\/span><\/span><a class=\"Hyperlink SCXW97515934 BCX0\" href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/money-finance\/buy-lease-commercial-real-estate\/environmental-issues-when-buying-commercial-realty\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun SCXW97515934 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW97515934 BCX0\"><strong>environmental regulations<\/strong><\/span><\/span><\/a><span class=\"TextRun SCXW97515934 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW97515934 BCX0\">. <span class=\"NormalTextRun SCXW192600586 BCX0\">Although a clinic founder may consider purchasing a commercial property to house the clinic, the clinic would still need to pay lease to <\/span><span class=\"NormalTextRun SCXW192600586 BCX0\">a landlord<\/span><span class=\"NormalTextRun SCXW192600586 BCX0\"> (even if the <\/span><span class=\"NormalTextRun SCXW192600586 BCX0\">landlord<\/span><span class=\"NormalTextRun SCXW192600586 BCX0\"> is the founder).\u00a0<\/span><\/span><\/span><\/p><p><span class=\"TextRun SCXW112887781 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW112887781 BCX0\">Th<\/span><span class=\"NormalTextRun SCXW112887781 BCX0\">is<\/span><span class=\"NormalTextRun SCXW112887781 BCX0\"> BDC<\/span><span class=\"NormalTextRun SCXW112887781 BCX0\"> article on <\/span><\/span><strong><a class=\"Hyperlink SCXW112887781 BCX0\" href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/money-finance\/buy-lease-commercial-real-estate\/how-choose-right-location-for-your-business\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW112887781 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW112887781 BCX0\">h<\/span><span class=\"NormalTextRun SCXW112887781 BCX0\">ow to choose the<\/span> <span class=\"NormalTextRun SCXW112887781 BCX0\">right location for your business<\/span><\/span><\/a><\/strong><span class=\"TextRun SCXW112887781 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW112887781 BCX0\"> suggests considering the following five elements when <\/span><span class=\"NormalTextRun SCXW112887781 BCX0\">searching for the right location for your business.<\/span><\/span><span class=\"EOP SCXW112887781 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ol><li><span class=\"TextRun SCXW157846362 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW157846362 BCX0\">Adapt your selection to the needs of your business<\/span><\/span><span class=\"EOP SCXW157846362 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:360,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW76008776 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW76008776 BCX0\">Does it require modification?<\/span><\/span><span class=\"EOP SCXW76008776 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:360,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW185752668 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW185752668 BCX0\">Consider local taxes and infrastructure<\/span><\/span><span class=\"EOP SCXW185752668 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW6734739 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW6734739 BCX0\">Allow for future growth<\/span><\/span><\/li><li><span class=\"TextRun SCXW112647665 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW112647665 BCX0\">Separate your needs from your wants<\/span><\/span><span class=\"EOP SCXW112647665 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ol><p><span class=\"NormalTextRun SCXW194001276 BCX0\">Once you have identified suitable spaces, you may need to consider your lease agreement. <\/span><span class=\"NormalTextRun SCXW194001276 BCX0\">Most c<\/span><span class=\"NormalTextRun SCXW194001276 BCX0\">ommercial lease<\/span><span class=\"NormalTextRun SCXW194001276 BCX0\"> agreement in BC are triple net (NNN) leases. <span class=\"TextRun SCXW229281498 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW229281498 BCX0\">In this type of commercial lease agreement, the base rents are lower, because the tenant is responsible for paying three key expenses in addition to rent:<\/span><\/span><\/span><\/p><ol><li><span class=\"TextRun SCXW177086360 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW177086360 BCX0\">Property Taxes \u2013 The tenant covers all real estate taxes associated with the leased property.<\/span><\/span><span class=\"EOP SCXW177086360 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW101373049 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW101373049 BCX0\">Building Insurance \u2013 The tenant is required to pay for insurance coverage on the property.<\/span><\/span><span class=\"EOP SCXW101373049 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW87406289 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW87406289 BCX0\">Maintenance Costs \u2013 The tenant assumes responsibility for <\/span><span class=\"NormalTextRun SCXW87406289 BCX0\">strata fees, <\/span><span class=\"NormalTextRun SCXW87406289 BCX0\">upkeep, repairs, and general maintenance.<\/span><\/span><span class=\"EOP SCXW87406289 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ol><p>\u00a0<\/p><p><span class=\"NormalTextRun SCXW253330293 BCX0\">P<\/span><span class=\"NormalTextRun SCXW253330293 BCX0\">ricing is usually provided as annual or monthly base rent price per square foot of space. And the other expenses (such as property taxes and strata fees may be charged monthly or quarterly)<\/span><span class=\"NormalTextRun SCXW253330293 BCX0\">. <span class=\"NormalTextRun SCXW41569422 BCX0\">It is<\/span><span class=\"NormalTextRun SCXW41569422 BCX0\"> always <\/span><span class=\"NormalTextRun SCXW41569422 BCX0\">a good idea<\/span><span class=\"NormalTextRun SCXW41569422 BCX0\"> to seek the advice of an independent commercial real estate advisor who can help you set criteria for choosing the right building. <span class=\"TextRun SCXW112841992 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW112841992 BCX0\">This advisor should know the area and be familiar with zoning regulations and any potential issues concerning the building, its location or uses to which it may be put.<\/span><\/span><\/span><\/span><\/p><p><span class=\"TextRun SCXW27063722 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW27063722 BCX0\">Those interested in further information may want to review the following additional resources<\/span><span class=\"NormalTextRun SCXW27063722 BCX0\">:<\/span><\/span><span class=\"EOP SCXW27063722 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li><strong><a class=\"Hyperlink SCXW240817746 BCX0\" href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/money-finance\/buy-lease-commercial-real-estate\/how-get-right-team-commercial-real-estate-advisors\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW240817746 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW240817746 BCX0\" data-ccp-charstyle=\"Hyperlink\">How to create the right team of commercial real estate advisors<\/span><\/span><\/a><span class=\"EOP SCXW240817746 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/li><li><strong><a class=\"Hyperlink SCXW126660629 BCX0\" href=\"https:\/\/www.doctorsofbc.ca\/sites\/default\/files\/bp_lease_negotiation_tips.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW126660629 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW126660629 BCX0\" data-ccp-charstyle=\"Hyperlink\">Tips for commercial lease agreements<\/span><\/span><\/a><span class=\"TextRun SCXW126660629 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW126660629 BCX0\">\u00a0<\/span><\/span><\/strong><span class=\"EOP SCXW126660629 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ea54c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ea54c1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d2c668a\" data-id=\"d2c668a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c599c9 elementor-widget elementor-widget-text-editor\" data-id=\"7c599c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<\/p><p><strong><span class=\"TextRun SCXW15358072 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW15358072 BCX0\" data-ccp-parastyle=\"heading 4\">Best Practices for Primary Care Clinic Space Planning<\/span><\/span><span class=\"EOP SCXW15358072 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:80,&quot;335559739&quot;:40}\">\u00a0<\/span><\/strong><\/p><p><span class=\"TextRun SCXW89384776 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW89384776 BCX0\">It may be difficult to find a location that is already designed <\/span><span class=\"NormalTextRun SCXW89384776 BCX0\">to fit<\/span><span class=\"NormalTextRun SCXW89384776 BCX0\"> the medical clinic needs. Therefore<\/span><span class=\"NormalTextRun SCXW89384776 BCX0\">,<\/span><span class=\"NormalTextRun SCXW89384776 BCX0\"> it is common for founders to make limited renovations. To help optimize the space utilization, it may be helpful to:<\/span><\/span><span class=\"EOP SCXW89384776 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><ul><li><span class=\"TextRun SCXW9832648 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW9832648 BCX0\">Design<\/span><span class=\"NormalTextRun SCXW9832648 BCX0\"> standardized rooms, so that any clinic provider may be able to work out of any room.<\/span><\/span><span class=\"EOP SCXW9832648 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW110035105 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW110035105 BCX0\">Think about clinic flow and place MOA stations in areas that reduces unnecessary back and forth (if your clinic will have a support MOA, a station in the hallway may be advantageous).<\/span><\/span><span class=\"EOP SCXW110035105 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW5615967 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW5615967 BCX0\">Consider having a large, shared, provider office instead of many small ones that may sit empty.<\/span><\/span><span class=\"EOP SCXW5615967 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW102984180 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW102984180 BCX0\">Think about designing multi-use spaces. Kitchen and staff seating area could double as meeting room. Reception could serve as group visit area in the evenings.<\/span><\/span><span class=\"EOP SCXW102984180 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW107039604 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW107039604 BCX0\">Design protected spaces for staff who <\/span><span class=\"NormalTextRun SCXW107039604 BCX0\">do not<\/span><span class=\"NormalTextRun SCXW107039604 BCX0\"> need to perform patient facing tasks, to allow them to focus on their activities<\/span><span class=\"NormalTextRun SCXW107039604 BCX0\">.<\/span><\/span><span class=\"EOP SCXW107039604 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW7053360 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW7053360 BCX0\">Consider setting aside a small office for a few virtual care spaces, that are separated by sound absorbing panels. This will prevent providers from using exam rooms for virtual care meetings<\/span><span class=\"NormalTextRun SCXW7053360 BCX0\">.\u00a0<\/span><\/span><span class=\"EOP SCXW7053360 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span class=\"TextRun SCXW95071471 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW95071471 BCX0\">In addition to thoughtful design, space utilization can be improved through purposeful scheduling of shifts. Many clinics empower providers to work in-clinic for half-day sessions. If that is a desired policy, ensure the remainder of the time are usable for others. <span class=\"NormalTextRun SCXW151897638 BCX0\">For example, if a provider works from 9 am to 1 pm, others can utilize the same room from 1 to 5 pm. However, if an NP occupies the room from 11 am to 3 pm, it would be <\/span><span class=\"NormalTextRun SCXW151897638 BCX0\">considerably harder<\/span><span class=\"NormalTextRun SCXW151897638 BCX0\"> for others to plan to use the room before 11 am or after 3 pm.\u00a0<\/span><\/span><\/span><\/p><p><span class=\"TextRun SCXW5930066 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW5930066 BCX0\">Minimizing the clinic footprint and maximizing the exam room utilization may make the difference between a financially successful clinic and an unsustainable one. Planning the space and the schedule are crucial elements for a successful clinic.<\/span><\/span><span class=\"EOP SCXW5930066 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><strong><span class=\"TextRun SCXW204733916 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW204733916 BCX0\" data-ccp-parastyle=\"heading 4\">Other Resources related to Expenses<\/span><\/span><span class=\"EOP SCXW204733916 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:80,&quot;335559739&quot;:40}\">\u00a0<\/span><\/strong><\/p><p><span class=\"TextRun SCXW99414467 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW99414467 BCX0\">Individual NPs may have some of the expense categories highlighted above. Some of these are highlighted in this <\/span><\/span><strong><a class=\"Hyperlink SCXW99414467 BCX0\" href=\"https:\/\/www.nnpbc.com\/np-content\/wp-content\/uploads\/2024\/04\/NNPBC_0992_Anticipated-Costs-for-Self-Employed-NPs_f04.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW99414467 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW99414467 BCX0\" data-ccp-charstyle=\"Hyperlink\">NNPBC Anticipated Costs for Self Employed NPs<\/span><\/span><\/a><\/strong><span class=\"TextRun SCXW99414467 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW99414467 BCX0\"> document<\/span><span class=\"NormalTextRun SCXW99414467 BCX0\">.<\/span><\/span><span class=\"EOP SCXW99414467 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aef01d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aef01d1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c824179\" data-id=\"c824179\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-deaeb9c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"deaeb9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7da49c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7da49c5\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-04060ee\" data-id=\"04060ee\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d685e3d elementor-widget elementor-widget-text-editor\" data-id=\"d685e3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span class=\"TextRun SCXW27375824 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">Bookkeeping <\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">B<\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">est <\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">P<\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">ractices and <\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">R<\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">elated <\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">R<\/span><span class=\"NormalTextRun SCXW27375824 BCX0\" data-ccp-parastyle=\"heading 3\">esources<\/span><\/span><span class=\"EOP SCXW27375824 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:160,&quot;335559739&quot;:80,&quot;335572079&quot;:6,&quot;335572080&quot;:1,&quot;335572081&quot;:12431474,&quot;469789806&quot;:&quot;single&quot;}\">\u00a0<\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-639d51d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"639d51d\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b3b3286\" data-id=\"b3b3286\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-81b7485 elementor-widget elementor-widget-text-editor\" data-id=\"81b7485\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW145912504 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW145912504 BCX0\">Effective bookkeeping practices are essential for maintaining financial stability<\/span><span class=\"NormalTextRun SCXW145912504 BCX0\">,<\/span> <span class=\"NormalTextRun SCXW145912504 BCX0\">ensuring <\/span><span class=\"NormalTextRun SCXW145912504 BCX0\">compliance<\/span><span class=\"NormalTextRun SCXW145912504 BCX0\">, and reducing risks<\/span><span class=\"NormalTextRun SCXW145912504 BCX0\">. <\/span><span class=\"NormalTextRun SCXW145912504 BCX0\">S<\/span><span class=\"NormalTextRun SCXW145912504 BCX0\">ome key best practices<\/span><span class=\"NormalTextRun SCXW145912504 BCX0\"> are shared in this section.<\/span><\/span><span class=\"EOP SCXW145912504 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><strong><span class=\"TextRun MacChromeBold SCXW23234416 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW23234416 BCX0\">Separate Business and Personal Finances<\/span><\/span><span class=\"EOP SCXW23234416 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW221098722 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW221098722 BCX0\">Open a dedicated business bank account to simplify bookkeeping and tax reporting.<\/span><\/span><span class=\"EOP SCXW221098722 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW254373190 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW254373190 BCX0\">Use corporate credit cards for clinic-related expenses to <\/span><span class=\"NormalTextRun SCXW254373190 BCX0\">help <\/span><span class=\"NormalTextRun SCXW254373190 BCX0\">maintain clear financial records.<\/span><\/span><span class=\"EOP SCXW254373190 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><strong><span class=\"TextRun MacChromeBold SCXW206185622 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW206185622 BCX0\">Maintain Accurate Records<\/span><\/span><span class=\"EOP SCXW206185622 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW89908603 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW89908603 BCX0\">Create a<\/span><span class=\"NormalTextRun SCXW89908603 BCX0\"> Chart of Accounts (COA) <\/span><span class=\"NormalTextRun SCXW89908603 BCX0\">using the common revenue and expense item provided in the estimating revenue and estimating expense sections above. Use these categories to t<\/span><span class=\"NormalTextRun SCXW89908603 BCX0\">rack transactions in <\/span><span class=\"NormalTextRun SCXW89908603 BCX0\">the<\/span><span class=\"NormalTextRun SCXW89908603 BCX0\"> general ledger.\u00a0<\/span><\/span><span class=\"EOP SCXW89908603 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW115533918 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW115533918 BCX0\">Keep detailed records of the <\/span><span class=\"NormalTextRun SCXW115533918 BCX0\">assets, liabilities, revenue, expenses, and equity to ensure accurate bookkeeping and reporting.<\/span><span class=\"NormalTextRun SCXW115533918 BCX0\"> Work with an accredited accountant to clearly designate how to account for common expense and revenue items<\/span><span class=\"NormalTextRun SCXW115533918 BCX0\">.<\/span><span class=\"NormalTextRun SCXW115533918 BCX0\">\u00a0<\/span><\/span><span class=\"EOP SCXW115533918 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW243333576 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW243333576 BCX0\">Retain financial documents for at least six years, as required by the Canada Revenue Agency (CRA).<\/span><\/span><span class=\"EOP SCXW243333576 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><strong><span class=\"TextRun MacChromeBold SCXW23057692 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW23057692 BCX0\">Leverage<\/span><span class=\"NormalTextRun SCXW23057692 BCX0\"> Accounting <\/span><span class=\"NormalTextRun SCXW23057692 BCX0\">and Banking <\/span><span class=\"NormalTextRun SCXW23057692 BCX0\">Software<\/span><\/span><span class=\"EOP SCXW23057692 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW84492241 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW84492241 BCX0\">It may be helpful to select a <\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">cloud-based accounting software like <\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">(<\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">e.g. <\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">QuickBooks<\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">, Sage, etc.) <\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">to streamline <\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">financial management<\/span><span class=\"NormalTextRun SCXW84492241 BCX0\">.<\/span><\/span><span class=\"EOP SCXW84492241 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW305583 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW305583 BCX0\">Ensure<\/span><span class=\"NormalTextRun SCXW305583 BCX0\"> accounting software<\/span><span class=\"NormalTextRun SCXW305583 BCX0\"> integration with Electronic Medical Records (EMR<\/span><span class=\"NormalTextRun SCXW305583 BCX0\">)<\/span><\/span><\/li><li><span class=\"TextRun SCXW11185130 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW11185130 BCX0\">Set-up<\/span><span class=\"NormalTextRun SCXW11185130 BCX0\"> o<\/span><span class=\"NormalTextRun SCXW11185130 BCX0\">nline banking<\/span><span class=\"NormalTextRun SCXW11185130 BCX0\"> to allow for easier review of transactions\u00a0\u00a0<\/span><\/span><span class=\"EOP SCXW11185130 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW182468199 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW182468199 BCX0\">Set-up <\/span><span class=\"NormalTextRun SCXW182468199 BCX0\">electronic funds transfer (EFT) and <\/span><span class=\"NormalTextRun SCXW182468199 BCX0\">other <\/span><span class=\"NormalTextRun SCXW182468199 BCX0\">payment systems<\/span><\/span><span class=\"EOP SCXW182468199 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW199579169 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW199579169 BCX0\">Integrate baking software with your accounting software<\/span><\/span><span class=\"EOP SCXW199579169 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><strong><span class=\"TextRun MacChromeBold SCXW49840245 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW49840245 BCX0\">Track Revenue <\/span><span class=\"NormalTextRun SCXW49840245 BCX0\">and Expenses of Different Functional <\/span><span class=\"NormalTextRun SCXW49840245 BCX0\">Streams Separately<\/span><\/span><span class=\"EOP SCXW49840245 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW81557448 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW81557448 BCX0\">Organize <\/span><span class=\"NormalTextRun SCXW81557448 BCX0\">the revenue and expenses for each functional stream (primary care, allied health, specialized services, private procedures, etc.) Separately<\/span><span class=\"NormalTextRun SCXW81557448 BCX0\">.<\/span><\/span><span class=\"EOP SCXW81557448 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW20971379 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW20971379 BCX0\">Regularly reconcile accounts to ensure accuracy and prevent discrepancies.<\/span><\/span><span class=\"EOP SCXW20971379 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><strong><span class=\"TextRun MacChromeBold SCXW236521517 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW236521517 BCX0\">Stay on Top of Payroll &amp; Tax Obligations<\/span><\/span><span class=\"EOP SCXW236521517 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW232964459 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW232964459 BCX0\">Depending on the number of staff, it may be beneficial to u<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\">se payroll management tools <\/span><span class=\"NormalTextRun SCXW232964459 BCX0\">(<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\">e.g.<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\"> Pay<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\">W<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\">orks, Rise,<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\"> Wagepoint<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\">, etc.)<\/span><span class=\"NormalTextRun SCXW232964459 BCX0\"> to handle staff salaries, benefits, and deductions.<\/span><\/span><span class=\"EOP SCXW232964459 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW181212382 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW181212382 BCX0\">Become familiar with <\/span><span class=\"NormalTextRun SCXW181212382 BCX0\">GST\/HST exemptions for medical services and ensure compliance with tax regulations.<\/span><\/span><span class=\"EOP SCXW181212382 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><strong><span class=\"TextRun MacChromeBold SCXW164650245 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW164650245 BCX0\">Onboard a Point of Sales System and <\/span><span class=\"NormalTextRun SCXW164650245 BCX0\">A<\/span><span class=\"NormalTextRun SCXW164650245 BCX0\">utomate <\/span><span class=\"NormalTextRun SCXW164650245 BCX0\">P<\/span><span class=\"NormalTextRun SCXW164650245 BCX0\">rivate <\/span><span class=\"NormalTextRun SCXW164650245 BCX0\">Billing and I<\/span><span class=\"NormalTextRun SCXW164650245 BCX0\">nvoicing<\/span><\/span><span class=\"EOP SCXW164650245 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW192573552 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW192573552 BCX0\">If patients pay for some services, consider onboarding a Point of sale (POS) system. <a href=\"https:\/\/www.nnpbc.com\/np-content\/index.php\/selection-guides\/\" target=\"_blank\" rel=\"noopener\"><strong>It <\/strong><\/a><\/span><a href=\"_wp_link_placeholder\"><strong><span class=\"NormalTextRun SCXW192573552 BCX0\">may<\/span><span class=\"NormalTextRun SCXW192573552 BCX0\"> be helpful to review <\/span><\/strong><\/a><\/span><a href=\"_wp_link_placeholder\"><strong><span class=\"TextRun Highlight SCXW192573552 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW192573552 BCX0\">this POS selection guide <\/span><\/span><\/strong><\/a><span style=\"text-decoration: underline;\"><strong><span class=\"TextRun SCXW192573552 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW192573552 BCX0\">.<\/span><\/span><\/strong><\/span><\/li><li><span class=\"TextRun SCXW6561745 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW6561745 BCX0\">I<\/span><span class=\"NormalTextRun SCXW6561745 BCX0\">mplement automated invoicing and payment reminders to reduce administrative workload.<\/span><\/span><span class=\"EOP SCXW6561745 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW61693558 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW61693558 BCX0\">Regularly review accounts receivable to minimize outstanding payments.<\/span><\/span><span class=\"EOP SCXW61693558 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><strong><span class=\"TextRun MacChromeBold SCXW218733470 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW218733470 BCX0\">Conduct Monthly <\/span><span class=\"NormalTextRun SCXW218733470 BCX0\">Reviews and <\/span><span class=\"NormalTextRun SCXW218733470 BCX0\">Reconciliat<\/span><span class=\"NormalTextRun SCXW218733470 BCX0\">e Accounts<\/span><\/span><span class=\"EOP SCXW218733470 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/strong><\/p><ul><li><span class=\"TextRun SCXW177905208 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW177905208 BCX0\">Match bank statements with clinic financial records to<\/span><span class=\"NormalTextRun SCXW177905208 BCX0\"> help<\/span><span class=\"NormalTextRun SCXW177905208 BCX0\"> identify errors early.<\/span><\/span><span class=\"EOP SCXW177905208 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW192603301 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW192603301 BCX0\">Perform quarterly financial reviews to assess clinic performance and cash flow<\/span><span class=\"NormalTextRun SCXW192603301 BCX0\"> against previously prepared budget<\/span><span class=\"NormalTextRun SCXW192603301 BCX0\">.<\/span><\/span><span class=\"EOP SCXW192603301 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><li><span class=\"TextRun SCXW103289231 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW103289231 BCX0\">Periodically review the DoBC\u2019s <\/span><\/span><strong><a class=\"Hyperlink SCXW103289231 BCX0\" href=\"https:\/\/www.doctorsofbc.ca\/sites\/default\/files\/pbs_-_internal_fraud_financial_control_checklist_id_1048767.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW103289231 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW103289231 BCX0\" data-ccp-charstyle=\"Hyperlink\">Internal fraud and financial control checklist<\/span><\/span><\/a><span class=\"EOP SCXW103289231 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:30,&quot;335559739&quot;:15,&quot;335559740&quot;:285}\">\u00a0<\/span><\/strong><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8783930 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8783930\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b37ab8\" data-id=\"7b37ab8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68fa96d elementor-widget elementor-widget-text-editor\" data-id=\"68fa96d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Click here for section D: <a href=\"https:\/\/www.nnpbc.com\/np-content\/index.php\/clinical-and-medical-oversight\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun SCXW116099313 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW116099313 BCX0\" data-ccp-parastyle=\"heading 2\">Clinical<\/span> <span class=\"NormalTextRun SCXW116099313 BCX0\" data-ccp-parastyle=\"heading 2\">and Medical Oversight<\/span><\/span><\/a><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Launching a medical clinic requires careful financial forecasting to ensure long-term sustainability and profitability. It enables aspiring clinic owners to estimate the initial investments needed to cover capital needs and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-6493","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/pages\/6493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/comments?post=6493"}],"version-history":[{"count":11,"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/pages\/6493\/revisions"}],"predecessor-version":[{"id":6708,"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/pages\/6493\/revisions\/6708"}],"wp:attachment":[{"href":"https:\/\/www.nnpbc.com\/np-content\/index.php\/wp-json\/wp\/v2\/media?parent=6493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}