Question

Think Critically dhe foluing real-world scenario and drafi a repon σ costs and reduced patient stays at Good Samaritan H an Hospital,the hospitals h department must eliminate one fill-time equivalent ounced that each dent has announced tion an d reduce other expenses by 5 percent. You ar How would you cut onen and keep the department optimally the manager of the HIM d where would you cut 5 percent of your other expenses? Use the unctioning How and wh ample budget udoet provided in Example 12.6 on page 367 to answer this question Manaaement YTD 2017 Difference | Budget | Actual | Difference |%Difference Actual 00 1,000.00 4000.003,753.00 247.00) 00 1,000.00 4000.003753.00 (247.00) 00 179441.00 7,759.0 1,000.00 2,000.00 1,000.00 2,000.00 Revenue Total 46.800.00 47,259.00 (459.00) 187,200. Payroll 551.00 34.000.00 36254.0o (2.254.00) 00 0011,087.00 913.00 48,000.00 44.348.00 3652.00 8,500.00 7,949.00 pplies Contract Services Software licensing Minor Equipment Dues&Subs. 0.9) 2.300.00 2,322.00 (22.00) 9.200.00 9,288.00(88 100.00 50.00 185.00 45.00 25.00 259.00(159.00) 50.00 135.00 29.06 (7.00) 400.00 200.00 740.00 180.00 100.00 534.27 (134.27) (0.75) 0.00 50.00 15.94 32.00 50.00 125.00 100.00 102.00 150.00 615.00 80.00 (2.00) 4.0 6.0 1.8 (0.9) Education Travel Postage Misc Expenses Total Budget Total 125.0072.12 52.88 500.00 326.00 174.00 1.5 70,130.00 69,046.06 1,083.94 280,520.00 270,568.27 9.951.73 1.04 2,083.94

Answer 1

Answer:-

As a matter of first importance, let us take note of that add up to cost is 9951.73 and the financial backing is 9704.73.

Let us first observe 5% of cost to be decreased. This comes to 9454.144

Presently, let us ascertain 5% of the financial plan. This comes to 9219.49

Meaning if we take actual budget we can spend 9454.144 on various activities.

Let us now have a look at the budget sheet and see the calculations.

The majority of the costs are especially vital leaving Software (IT) part; this can be redistributed at any rate. Subsequently, one FTE that can be cited is from IT division.

Give us a chance to see the table underneath now: