Question

Develop a 12-month Operating budget for a 500-bed hospital. Dollar amounts are assumed to be relative. There is no right or wrong answer to this question, just the steps involved in the preparation of the budget.

Answer 1

* Its is based on 500 beds in a hospital.

* In this all steps are involved for Operating Budget for 500 Bed Hospital.

* All dollar amount are relatively assumed.

Based on 500 Beds in Hospital
X' hospital	Year
Revenue
Total Gross Revenue	$25,77,312.00
Deductions	$15,03,360.00
Net Patient Revenue	$10,73,952.00
Other Operating Revenue	$9,562.00
Total Revenue	$10,83,514.00
Expenses
Salaries, Contract Labour	$4,74,562.00
Benefits	$1,97,555.00
Drugs	$29,562.00
Suppliers	$91,956.00
Professional fees	$28,965.00
Purchased Services	$89,956.00
Other Operating Services	$30,101.00
Depreciation	$49,565.00
Interest E Based on 500 Beds in Hospital X' hospital Year Revenue    Total Gross Revenue $25,77,312.00 Deductions $15,03,360.00 Net Patient Revenue $10,73,952.00 Other Operating Revenue $9,562.00 Total Revenue $10,83,514.00 Expenses Salaries, Contract Labour $4,74,562.00 Benefits $1,97,555.00 Drugs $29,562.00 Suppliers $91,956.00 Professional fees $28,965.00 Purchased Services $89,956.00 Other Operating Services $30,101.00 Depreciation $49,565.00 Interest Expenses $2,622.00 Total Operating Expenses $9,94,844.00 Operating Income $88,670.00 Investment $56,433.00 Community benefit -$4,620.00 Other $7,562.00 Non operating $62,101.00 Net Income $2,10,146.00 xpenses	$2,622.00
Total Operating Expenses	$9,94,844.00
Operating Income	$88,670.00
Investment	$56,433.00
Community benefit	-$4,620.00
Other	$7,562.00
Non operating	$62,101.00
Net Income	$2,10,146.00

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