planning and budgeting - Research Paper Example

Only on StudentShare

Extract of sample
planning and budgeting

First, the key factors to consider when making pricing and service decision are considered to include the cost of production, profit mark-up and external factors including prices of competitors. Once the right prices and services are rendered, the facility is sure to have a very firm basis for financial performance. Again, there is consideration on the actual financial planning process, where it is said that there are as many as six components in the financial planning process. Each of these components relates to the other to ensure that a firm financial basis is built for the facility. Finally, focus is given to various investment policies that the health facility can involve its self so as to ensure that it keeps an appropriate time value series and is able to overcome all major financial risks. Introduction It is common knowledge that the major business associated with health facilities such as the selected facility is the provision of quality healthcare to patients. However, the researcher is of the opinion that in order for this core objective of the health facility to be achieved, there are some key structures that need to be put in place in order t ensure that this key objective is achieved. One of the key structures is the financial structuring of the facility. ...
Download paper


PLANNING AND BUDGETING Corey Sutton Dr. Beharry Healthcare Finance 17th May, 2013 Abstract The financial management of any health facility cannot be relegated to the background as a factor that does not count to the collective success of the facility…
Author : jacobsdee

Related Essays

The nature of the budgeting and planning process
7 pages (1757 words) Essay
Planning and Budgeting for Women Cancer Foundation
10 pages (2510 words) Term Paper
Management and Cost Accounting: Planning, Control and Budgeting
11 pages (2761 words) Essay
"Budgeting is a key component in management short and long term planning
4 pages (1004 words) Essay
3 pages (753 words) Essay
10 pages (2510 words) Essay
critically evaluate budgeting as a tool for planning and control.
5 pages (1255 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!