Budgets
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- Date Submitted: 06/02/2013 10:04 PM
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Angela Lee
HCA-240
May 21, 2013
Professor Tirizia York
Budgets
A budget is a businesses way of projecting and planning how monies will be spent to operate. Once operational capital has been accounted for, most businesses then seek ways to create more business and in turn bring in a profit. Even businesses that are not-for-profit seek a profit to ensure those that work for them a salary. There is so much more to constructing a working budget than jotting down estimated costs of renting a building or facility. There is a question of staff salaries, supplies, time allotted for each employee based on procedural time, and man hours it takes to complete a task. There is the need to order supplies, to account for activities that do not benefit the overall business in the manner of production and profit, the liabilities, the ones who pay, and the ones who do not pay.
In this particular case there is a question of excessive salaries that were not included in the budget, and the low cost of supplies that were a part of the budget forecast. The health care industry is one filled with constant change, and the demand for skilled professionals can increase or decrease without warning. In this case there was a need to accommodate increased man hours due to different specialists having to coordinate efforts to treat an emergency situation. A variable budget is essential in this respect. There is no way a person can determine when the need for medical attention will arise, and there is no way to know the severity of each case that enters into a health care establishment.
Subsequently, there was a major catastrophe that warranted the use of staff from this hospital, and others in the surrounding area to meet the needs of the community most devastated by the tornado. Some of the injuries were so severe that the need for more staff was inevitable. The budget for supplies
remained consistent because there was no need for any repairs or ordering of...
HCA-240
May 21, 2013
Professor Tirizia York
Budgets
A budget is a businesses way of projecting and planning how monies will be spent to operate. Once operational capital has been accounted for, most businesses then seek ways to create more business and in turn bring in a profit. Even businesses that are not-for-profit seek a profit to ensure those that work for them a salary. There is so much more to constructing a working budget than jotting down estimated costs of renting a building or facility. There is a question of staff salaries, supplies, time allotted for each employee based on procedural time, and man hours it takes to complete a task. There is the need to order supplies, to account for activities that do not benefit the overall business in the manner of production and profit, the liabilities, the ones who pay, and the ones who do not pay.
In this particular case there is a question of excessive salaries that were not included in the budget, and the low cost of supplies that were a part of the budget forecast. The health care industry is one filled with constant change, and the demand for skilled professionals can increase or decrease without warning. In this case there was a need to accommodate increased man hours due to different specialists having to coordinate efforts to treat an emergency situation. A variable budget is essential in this respect. There is no way a person can determine when the need for medical attention will arise, and there is no way to know the severity of each case that enters into a health care establishment.
Subsequently, there was a major catastrophe that warranted the use of staff from this hospital, and others in the surrounding area to meet the needs of the community most devastated by the tornado. Some of the injuries were so severe that the need for more staff was inevitable. The budget for supplies
remained consistent because there was no need for any repairs or ordering of...