Operational Budget Preparation
• An overview of the components of an operating budget including revenue and expense sections applicable to the healthcare environment that relate to strategic management and management of short- and long-term financial resources;
• Definitions and one example of the following components: direct costs, indirect costs, overhead, fixed cost and variable cost, service revenue, non-service revenue, total revenue, gross revenue, and net revenue as applied to healthcare; and
• An example of how the realities of a budget might direct or influence the strategic planning in a healthcare organization (Includes two or more detailed examples).
Please 3 or more scholarly references.
