fiscal managment, health and medicine homework help

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Create a PowerPoint presentation of
7–10 slides (with speaker notes of 200–250 words for each slide, excluding the
title and reference slides) that will be presented to the general meeting of
directors.

Established in 1977, Krona Community
Hospital is a 60-bed, 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 health care services. They are
accredited by The Joint Commission.

Nouveau Health, a private,
not-for-profit health care chain, took over the management of Krona Hospital.
Last year, 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, a 24-hour emergency department, a maternity center, an 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 Key Assignment Draft is
designed to help you prepare for the presentation in Phase 5. The chief
executive officer (CEO) of Krona has asked that you complete the following:

  • Prepare next year’s financial plan and operational
    budget.
    • Note: Keep
      in mind that the budget you created for your Phase 2 Individual Project
      did not take into account the growth of the new facility. The CEO has
      asked that you expand that budget and provide a finalized budget that
      will take into account the new services offered. The CEO has stated that
      there is $3 million that you can incorporate into the budget for
      additional staffing, services, maintenance, and so forth.
  • Make sure the budget reflects the following:
    • Increase in revenue reimbursement
    • Allocation for the proposed improvements
    • Increase in salaries

Be sure to discuss the following
areas:

  • Funding sources
  • Your methodology in revenue forecasting
  • How the new services will impact revenue
  • Fixed and variable costs
  • Project inpatient and outpatient visits based on
    current trends

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