finance team project

Anonymous

Question 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

Note: The budget should be formatted to reflect the percentage increase or decrease from last year’s budget.

Additionally, provide discussion on the following:

  • How might you increase revenue 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 need to increase payroll, particularly nurses’ salaries?
  • Provide an explanation as to how the Krona Community Hospital may be able to achieve an increase in the revenue areas that the chief executive officer (CEO) wishes you to address.

This is a power-point presentation, please include 10 slides plus speaker notes (150 words per slide) and references. I need this later today before midnight. I posted yesterday, but I don't know what happened! Let me know something soon.

Tutor Answer

mark33
School: New York University

Here's your assignment, if you have any questions let me know, am at your assistance. :)

Running Header: MACROECONOMIC FORECASTING

Macroeconomic Forecasting
Institutional Affiliation
Date

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MACROECONOMIC FORECASTING

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There isn't much difference between macroeconomic forecasting and using an
extrapolative model to forecast the future economic status of a country. Macroeconomic
forecasting will be based on the past forecast errors being used to ge...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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