Explain in your words, that the intention is to make a budget and how it can...

Explain in your words, that the intention is to make a budget and how it can be the help service for the administration of health entities

Expert Solution

Ans : Budget is prepare to forecast the future prospect of business and arrange it' resources accordingly to meet the requirements of the desired forecast. It lays a foundation stone for the direction in which the company has to lead in the future in order to achieve its desired goal and objective. It starts with forecasting the revenue and then preparation of production budget or labour budget and cash budget to achieve the forecasted revenue.

Budget will help health entities to estimate future expected patients and their estimated medical requirements accordingly company can plan for the physician or doctor requirement and also choose the discpline of which doctors are required. It also helps to estimate patient bed equient required etc so that no patient can go unattended. It will help to streamline the process of operations in the entity thus help it to serve it's client to fullest of satisfaction.

ekkarill92 answered 1 year ago

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