![]() ![]() In the sixth step, the summary of each department’s budget hearing records the commitments and statements made between the administration and the department head, and also includes observation of the Finance Officer.ħ. After a joint analysis and review by the hospital administrator and the finance officer, a summary of the departmental budget is prepared. A budget hearing is organised by the Finance Officer at the departmental level where the department head presents his or her draft budget. He reviews the budget plan, develops departmental goals and objectives, and prepares the departmental expense budget.Ħ. The fifth step is for each department head to analyse financial and statistical data generated by his department as well as provided to him by the administration or finance department, to critically assess the department’s operations and performance, and develop indices for planning and control. ![]() The hospital administrator and finance officer can take advantage of these meetings in instructing the department heads in accounting techniques.ĥ. The second step is for the hospital administrator to prepare the economic forecasts in respect of new developments, or other factors, that can affect the hospital’s income or expenditure during the budget period, such as new services by neighbouring hospitals, specialists and super specialists likely to join or leave the hospitals, inflation factors on materials and supplies, and any new government regulations. Assumptions can include projected patient statistics, additional services, proposed salary revisions, economic factors, expense policies, etc.Ģ. The entire hospital will then be planning on the same track. The purpose of budget assumptions is to share as much information as possible with all departments. patient days of service, by specialties, number of procedures by departments like pathology, radiology, physiotherapy, etc. prepare a quantitative expression of the plans of the hospital, e.g. The first step in the budget process is for the hospital administrator to prepare assumptions, in statistical terms, about the kinds of services (outputs) the hospital expects to provide (produce), i.e. ![]()
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