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You are a staff member in the finance department at Nouveau Health, whose sole responsibility is to advance the success of the organization through assisting in planning, forecasting, and finance management.
Complete the following:
Prepare next year’s financial plan and operational budget.
Note: Use the budget from Unit 1; (budget is below) it did not take into account the growth of the new facility. The CEO has asked that you expand that budget and provide a finalized budget that will take into account the new services offered. The CEO has stated that there is $3 million that you can incorporate in to the budget for additional staffing, services, maintenance, and so forth.
The use of APA style is expected. Students are required to reference at least 2 scholarly sources for this task.
Based on last year’s budget, the forecast for the upcoming year, operational budget at Krona Hospital will be as follows:
10% increase in inpatient revenue27,500,000
15% increase in outpatient revenue17,250,000
5% increase in pharmacy revenue1,575,000
15% increase in home health and hospital revenue1,725,000
10% increase in payroll and benefitsP = 13,750,000 B = 3,300,000