(Answered):Finance Team Project . . . .

Question Description

As a member of the finance team, you have been asked to forecast the upcoming year’s operational budget for Krona Community Hospital. Click here for last year’s budget. After reviewing specific data, internal input, and external input from various sources, you find that the executive management team would like the budget to reflect the following:

• 10% increase in inpatient revenue
• 15% increase in outpatient revenue
• 5% increase in pharmacy revenue
• 15% increase in home health and hospital revenue
• 10% increase in payroll and benefits

Note: The budget should be formatted to reflect the percentage increase or decrease from last year’s budget.

Additionally, provide discussion on