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Healthcare operations budget

Many areas must be considered when developing a healthcare operations budget. To accurately assess revenue and cost considerations, strategic forecasting must be performed. Each type of healthcare business (i.e., hospital, health plan, facility other than a hospital) has its own issues to consider when forecasting.

Discuss possible areas of concern for the upcoming year's budget. Discuss the types of organizational budgets that would be most effective.

Objective: Discuss methods for planning, forecasting, and managing healthcare finances.
Identify the components of a basic operations budget, including how to prioritize effectively.

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The response addresses the queries posted in 427 words with references.
// The methods for the planning, forecasting and managing the healthcare finances require conducting a proper investigation concerning all these three aspects. In this paper, we will discuss the possible areas of concern for the next budget and the compare the effectiveness of different types of organizational budgets. //

To ensure the effectiveness of the healthcare operations budget, it is mandatory to focus upon the management system, its procedures on the basis of financial perspective. The main focus of the financial management system should be to emphasize on the managed care and also lay stress upon comprehending the cost levied on the patients' care and planning for their future. This policy can be adopted by the hospitals by ...

Solution Summary

The response addresses the queries posted in 427 words with references.