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Unit 4 INDV.docx - 1 Healthcare Benchmarking and Quality...

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1Healthcare Benchmarking and Quality AnalysisAmanda MilianColorado Technical University OnlineFiscal Management in Healthcare ServicesUnit 4 Individual ProjectInstructor Christopher LoobyJanuary 12, 2022
2Projected operational budgetRevenuesThe current value in $Change factorNext year value in$InpatientOutpatientEmergency roomLaboratoryPharmacyHome health andhospiceAmbulance servicesSubstance abuseOthersEXPENDITUREPayrollBenefits,Contract laborInsuranceGeneral servicesDepreciationInterest expenseProfessionalservicesTOTALOPERATINGEXPENSES25,000,00015,000,00010,000,0005,000,0001,500,0001,500,000950,000250,000850,000NETREVENUE=60,050,00017,750,0004,792,5000100,000300,0003,000,0001,500,000300,00010,00037,742,5001.11.15111.051.151111.11.111111127,500,00017,250,00010,000,0005,00,0001,575,0003,750,000950,000250,000850,00061,050,00030,250,0004,792,500100,000300,0003,000,0001,500,000300,00010,00037,252,500Financial planningThe displayed operational budget creates the basis for financial planning for Kronahospital. The trends in the delivery of healthcare services in this hospital recently and thecash flow in the surrounding are paramount in making the most realistic predictions regardingexpenditure by this hospital and the income which will be generated in the coming financialyear ( Clough,2021). The healthcare facility also enhances the financial position of the
3hospital setting. A sound financial plan will consider all the necessary factors and helpdetermine the exact monetary policy for Krona hospital.Financial planning will help manage income generated in the Krona hospital and therisks, which then enhance the achievement of set goals in this hospital. When the hospital has

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Term
Summer
Professor
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Tags
Health care provider, KRONA HOSPITAL

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