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8:064 Assignment 1
ull LTE
A studentrogin.coloradotech.edu
TUITILJ LOTNICU. U
Deliverable Length: 2-3 pages
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Assignment Description
As a member of the finance team, you have been asked to
forecast the upcoming year’s operational budget for Krona
Community Hospital. Click here for last year’s budget. After
reviewing specific data, internal input, and external input
from various sources, you find that the executive
management team would like the budget to reflect the
following:
• 10% increase in inpatient revenue
• 15% increase in outpatient revenue
5% increase in pharmacy revenue
15% increase in home health and hospital revenue
• 10% increase in payroll and benefits
.
Additionally, provide discussion on the following:
• How do you think that revenue would increase in each
of the areas? Think outside of the box, and perform
research to determine current trends in those areas.
• Why would there be a forecasted need to increase
payroll and benefits?
• Explain the role of key leadership in the budgeting
process, from the chief executive officer down
through to the staff level of a financial analyst.
The use of APA style is expected. Students are required
to reference at least 2 scholarly sources for this task.
Please submit your assignment.
For assistance with your assignment, please use your
text, Web resources, and all course materials.
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