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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. Your task is to prepare next year’s financial plan and organizational budget, using at least three types of budgets. Address the possible issues surrounding next year’s forecasting. Make sure the budget reflects the following: • increase in revenue • reimbursement allocation for the proposed improvements • increase in nurses’ salaries Please be sure to discuss the following areas: • Funding sources • Management structure • Relationships between departments • Budget cycle • Preferred budget type • Budget assumptions • Fixed vs variable costs

Established in 1977, Krona Community Hospital is an acute care hospital located in the heart of Banconota County. With a staff of nearly 100 physicians and specialists, 400 employees and 75 volunteers, they offer a full range of healthcare services. They are accredited by the Joint Commission (TJC).
In March 2006, Nouveau Health, a private, not-for-profit health care chain, took over management of the 60-bed Krona Hospital. In May 2007, state officials began to discuss Nouveau’s proposal to build a new, replacement hospital in Banconota County. The new facility would have 74 acute care beds, four observation rooms, four surgical operating rooms, one c-section room, 24-hour emergency department, maternity center, intensive care unit and extensive support services, including physical therapy and cardiac rehabilitation. All patient rooms would be private.
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.
Your task is to prepare next year’s financial plan and organizational budget, using at least three types of budgets. Address the possible issues surrounding next year’s forecasting. Make sure the budget reflects the following:
• increase in revenue
• reimbursement allocation for the proposed improvements
• increase in nurses’ salaries

Please be sure to discuss the following areas:
• Funding sources
• Management structure
• Relationships between departments
• Budget cycle
• Preferred budget type
• Budget assumptions
• Fixed vs variable costs

Interested in a PLAGIARISM-FREE paper based on these particular instructions?...with 100% confidentiality?

Order Now