fiscal manage week 4 db

THESIS: Next year’s financial plan and operational budget for Krona Community Hospital in Banconota County.

INTRODUCTION: Highlighting the proposals made about the new facility and the differences it has from the previous one

1. Would have 74 acute care beds as compared to the previous one with 60 acute beds

2. Four observation rooms as compared with the previous that had none

3. Four surgical operating rooms as compared to the previous one that had none

4. One c- section room

5. 24- hour emergency department, maternity center, an intensive care unit,

6. Extensive support services such as physical therapy and cardiac rehabilitation.

Finance

1. Identifying the funding sources that would cater for:

-Additional staffing

-Services to be offered

-Maintenance costs

-New and extra equipment to be purchased and added like:

-Beds

-New rooms constructed and built

-Rehabilitation center built

-Emergency department

-Increase in salaries

2. Calculating and defining each amount to be incurred for the new facilities and services to be incurred

Methodology in revenue forecasting

-Using analytical techniques to project the amount of financial resources available

-Identifying the sources of revenue by increasing revenue reimbursement

-Identifying the relationship between the factors that drive revenues, the building permits issued, taxes and fee collected.

-Projecting future resources in order to avoid budgetary shortfalls or collecting excess revenues and fees

-Aggregating total revenue collected

How new services will impact on revenue

-Increase in quality and better services to patients

-Quality and better working environment to healthcare providers and workers

-Increase in innovative and constructive activities for the betterment of the hospital

-Increase in integration with other important institutions

Fixed and variable costs

-Fixed costs include the location in which the hospital will be built since what will be done will only be a replacement

-Variable costs incurred will be the one of beds which will be increased, building of new departments, addition of rooms, increase of staff and increment of salaries.

Project inpatient and outpatient visits

-Time tables and schedules to be put in place

-Compasses and directions provided indicating specific places and routes to the patients in the hospital area.