Operating Budget
Making an operational budget in healthcare remains an important role for most healthcare organizations. Gapenski (2012) suggests that proper revenue and expenses planning is needed to present any financial shortages. Therefore, for this plan, as Nowicki (2008) suggests, the main revenue generating functions are the clinical services, ancillary outpatient services, ancillary dietary and room services, and nursing, dietary, and room services. However, it is important to consider any clinical write-offs and uncontrolled accounts. The main expenses involved are clinical services, general services, ancillary services, and nursing services (Gapenski et al., 2015). The budget also takes into account any contributions, which are included as revenue, and depreciation expenses.
References
Gapenski, L. C. (2012). Healthcare finance: An introduction to accounting and financial management. Chicago, Ill: Health Administration Press.
Gapenski, L. C., Pink, G. H., American College of Healthcare Executives,, & Association of University Programs in Health Administration,. (2015). Understanding healthcare financial management. Chicago, Illinois: Health Administration Press.
Nowicki, M. (2008). The financial management of hospitals and healthcare organizations. Chicago, IL: Health Administration Press.
