Why would there be a forecasted need to increase

Assignment Help Business Management

Reference no: EM133491454

Question: As a member of the finance team, you have been asked to forecast the upcoming year's operational budget for Krona Community Hospital. Click here 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: 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 Additionally, provide discussion on the following: How do you think that revenue would increase 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 forecasted need to increase payroll and benefits? Explain the role of key leadership in the budgeting process, from the chief executive officer down through to the staff level of a financial analyst. The use of APA style is expected. Students are required to reference at least 2 scholarly sources for this task.

Reference no: EM133491454

Questions Cloud

Do you think today probation and parole are overused : Do you think today, probation and parole are overused? Do we see offenders receiving probation or parole today that would have been the case back 25 years ago?

What has to occur for inpatient revenue to increase : What has to occur for inpatient revenue to increase and How do readmission rates affect inpatient revenue

What are responses to clip and discussion on documentary : What are your responses to the clip and the discussion on the documentary 'The Invisible War'? Were you aware that such a big problem existed in the military?

Describe how it can be effective in addressing crime : Describe how it can be effective in addressing crime. Provide full citations of references formatted according to Strayer Writing Standards.

Why would there be a forecasted need to increase : Why would there be a forecasted need to increase payroll and benefits? Explain the role of key leadership in the budgeting process, from the chief executive

How do intermediate sanctions work better : What are intermediate sanctions? How do intermediate sanctions work better- as a way of improving on probation or as way of avoiding negatives of incarceration?

How would you define personal boundaries : How would you define personal boundaries? If you see a coworker who seems to be struggling with maintaining boundaries, how might you respond?

What are intermediate sanctions : What are intermediate sanctions? How do intermediate sanctions work better- as way of improving on probation or as a way of avoiding negatives of incarceration?

Review the code of ethics for nurses with interpretive : Review the Code of Ethics for Nurses With Interpretive Statements and associated health policy issues, specifically, the ACA. - Review the assessment instructio

User Account

All Pages