Fiscal Management in Healthcare Services-Healthcare Budgets and Management Structure
I need this work to be done in 24 hr, or less!!
PowerPoint presentation of 10slides + speaker notes of 150 words per slide
As a member of the finance team, you have been asked to forecast the upcoming year’s operational budget for Krona Community Hospital. Look below for last year’s budget. After reviewing specific data, internal input, and external input from various sources, you find that the executive management team would like the budget to reflect the following:
KRONA HOSPITAL OPERATING BUDGET FOR 20XX
Home Health and Hospice
Less Chartiy Care
Payroll (including nursing salaries)
General Services (laundary, security, etc)
Total Operating Expenses
10% increase in inpatient revenue
15% increase in outpatient revenue
5% increase in pharmacy revenue
15% increase in home health and hospital revenue
10% increase in payroll and benefits
Note: The budget should be formatted to reflect the percentage increase or decrease from last year’s budget.
Additionally, provide discussion on the following:
How might you increase revenue in each of the areas? Think outside of the box, and perform research to determine current trends in those areas.
Why would there be a need to increase payroll, particularly nurses’ salaries?
Provide an explanation as to how the Krona Community Hospital may be able to achieve an increase in the revenue areas that the chief executive officer (CEO) wishes you to address.
Understand health care financial statements
Comprehend the principles of health care accounting.
Apply cost information
Develop an understanding of budgeting and forecasting.
Operations Management homework help
This is property of essayprince.org. Welcome for all your Research paper needs and our professional tutors will help you from start to finish. Sign up NOW and fulfill your Research paper help needs