Navigating profitability with the Average Fixed Cost Calculator.
Dr. Sharma knew her practice was profitable, but she wasn't clear on how fixed costs like rent, insurance, and administrative salaries impacted her per-patient profitability. With $280,000 in student loans and a desire to expand, she needed to optimize her spending and understand the implications of hiring additional staff.
Using the Average Fixed Cost Calculator, we helped Dr. Sharma determine that her fixed costs were averaging $60 per patient visit. By increasing efficiency and slightly raising her rates by 5% for some procedures, she projected an increase in net profit of $12,000 annually. We also used the Times Interest Earned Ratio calculator to confirm she could comfortably service new debt if she chose to expand, even with existing student loan obligations.
The Average Fixed Cost Calculator allowed Dr. Sharma to input total fixed costs and the number of patient visits to determine the average fixed cost per visit. The Times Interest Earned Ratio calculator used her income statement data to project debt service feasibility.
$12,000 increase in annual net profit and informed expansion strategy.
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