You have been asked by the hospital’s chief administrator to create a new six-month operations budget for the clinic. Using an Excel spreadsheet, create a new six-month budget for the clinic that includes the following revenue and expense projections:
The clinic’s revenue is projected to grow by approximately 3% as a result of a new managed care contract.
The cost of expenses is expected to increase to 1.5%.
The clinic will also be adding a new roof to the facility at a projected cost of $50,000.
Then prepare a memo for the chief administrator. The memo should include a review of the previous year’s budget, an analysis of the upcoming changes (figures above), and a discussion about the impacts that these changes will have on the budget for the upcoming year.
Please see rubric below:
A – 4 – Mastery
Memo includes a complete and thorough review of the year’s budget with multiple examples or supporting details.
A – 4 – Mastery
Memo includes a comprehensive analysis of the proposed changes, incorporating the following figures: clinic revenue growth of approximately 3%, a result of the new managed care contract, expense cost increase of 1.5%, new roof for facility at $50,000
A – 4 – Mastery
Memo includes a clear and thorough discussion on the impacts that the changes will have on the budget for the upcoming year. Includes multiple examples or supporting details.
A – 4 – Mastery
Excel spreadsheet of six-month budget for the clinic with revenue and expense projections has no significant errors.
For the previous year’s budget, we saw an increase in revenue over our initial projections. This was due in part to new managed care contracts that allowed us to provide more services and increase capacity for existing services. However, overall expenses were also up due to increased personnel costs and other operational expenses. Total outlays for last fiscal year totaled $1 million with a surplus of $75,000.
Looking ahead to the next six months, we are expecting our total revenues from managed care contracts to increase by 3%. Meanwhile, our cost of expenses is expected to go up as well by 1.5%, primarily driven by higher personnel costs associated with hiring additional staff members (i.e., nurses). Lastly, we have allocated $50k towards replacing the roof of our facility which has not been updated since 2005.
Overall, these changes should have a positive impact on our operations budget going forward as they will allow us to generate more reliable income streams while keeping operating costs relatively low. Furthermore, investing in updating parts of our facility will help reduce future maintenance costs and improve patient safety/comfort levels when visiting us for various services.
As such, it is my recommendation that we move ahead with creating a new six-month operations budget utilizing these figures as starting points until further notice from management or other stakeholders involved in driving decisions related with setting financial goals/targets for the upcoming fiscal year.
Vittola, first and foremost, talks about one of the noble motivations of war, above all, is when mischief is incurred however he causes notice the damage doesn’t prompt conflict, it relies upon the degree or proportionality, one more condition to jus promotion bellum (Begby et al (2006b), Page 314). Frowe, nonetheless, contends the possibility of “worthy motivation” in view of “Power” which alludes to the security of political and regional freedoms, alongside basic liberties. In contemporary view, this view is more confounded to reply, given the ascent of globalization. Additionally, it is challenging to gauge proportionality, especially in war, on the grounds that not just that there is an epistemic issue in ascertaining, yet again the present world has created (Frowe (2011), Page 54-6). Besides, Vittola contends war is essential, not just for cautious purposes, ‘since it is legitimate to oppose force with force,’ yet additionally to battle against the crooked, a hostile conflict, countries which are not rebuffed for acting treacherously towards its own kin or have unjustifiably taken land from the home country (Begby et al (2006b), Page 310&313); to “show its foes a thing or two,” yet for the most part to accomplish the point of war. This approves Aristotle’s contention: ‘there should be battle for harmony (Aristotle (1996), Page 187). Nonetheless, Frowe contends “self-preservation” has a majority of portrayals, found in Chapter 1, demonstrating the way that self-protection can’t necessarily in every case legitimize one’s activities. Considerably more dangerous, is the situation of self-preservation in war, where two clashing perspectives are laid out: The Collectivists, an entirely different hypothesis and the Individualists, the continuation of the homegrown hypothesis of self-protection (Frowe (2011), Page 9& 29-34). All the more significantly, Frowe discredits Vittola’s view on retribution in light of the fact that right off the bat it enables the punisher’s position, yet additionally the present world forestalls this activity between nations through legitimate bodies like the UN, since we have modernized into a somewhat tranquil society (Frowe (2011), Page 80-1). In particular, Frowe further discredits Vittola through his case that ‘right aim can’t be blamed so as to take up arms in light of expected wrong,’ proposing we can’t simply hurt another on the grounds that they have accomplished something uncalled for. Different elements should be thought of, for instance, Proportionality. Thirdly, Vittola contends that war ought to be kept away from (Begby et al (2006b), Page 332) and that we ought to continue conditions carefully. This is upheld by the “last resor