Problem: Many areas must be considered when developing a healthcare operations budget. To accurately assess revenue and cost considerations, strategic forecasting must be performed. Each type of healthcare business (i.e., hospital, health plan, facility other than a hospital) has its own issues to consider when forecasting.
Discuss possible areas of concern for the upcoming year's budget. Discuss the types of organizational budgets that would be most effective.
Objective: Discuss methods for planning, forecasting, and managing healthcare finances.
Identify the components of a basic operations budget, including how to prioritize effectively.