Question

The largest employer in Jones Corner, Indiana, builds travel trailers and has been battered by the current recession, reducing employment to meet the loss in sales volume. A number of families have moved away to seek employment elsewhere. Physicians Hospital in Jones Corner has experienced reductions in patient visits, and the hospital’s budget manager is projecting that the hospital will not meet revenue or cash budget. You are the administrator for Physicians Hospital. You meet with the budget manager to formulate a plan of action to take to the board of directors. What budget amendments will you consider to meet the loss in revenues?

Answer 1

Answer)

Factors that I would consider to meet loss in revenue is reducing part time employees and substitute employees budget as their need will be reduced in the current situation. The option of slight raise in consulting fees and operation fees can be considered depending the conditions existing. Some hospitals rent their equipment,premises etc to the other doctors to avoid making them a dead assets which also may be considered.However,The revenue estimated also be amend after adjusting these all.