NURS FPX 6216 Assessment 2 Preparing and Managing an Operating Budget

It’s critical to have flexible payment terms and the flexibility to take payments through conventional payment channels if you want to assure timely consumer payments. Regrettably, you will have to deal with consumers who do not adhere to the agreements. Due to missed payments, this could have an impact on your cash flow estimate.

Conclusion

NURS FPX 6216 Assessment 2 Preparing and Managing an Operating Budget

In healthcare organization, the process of budget is to follow the advanced techniques and approaches to incorporate technology and improve planning of resources. The current operating budget will help to improve the operational efficiency of the organization and will help the management to cover all the expenses with the use of advanced technology. In Vila Health Hospital, there is a 35-bed unit allocated to elderly patients. The patients want well-equipped services and they need an affordable solution that reduces their costs and improves satisfaction. This operating budget has tried to cover many expenses that are necessary to run the firm smoothly for the period of one year and to provide quality healthcare services.  Therefore, the future business budget plan will be created on the basis of careful consideration of all the strategies described here instead of using speculations. 

NURS FPX 6216 Assessment 2 Preparing and Managing an Operating Budget

References 

Aziz, H., & Shah, N. (2020). Participatory budgeting: Models and approaches. Pathways between Social Science and Computational Social Science, 215–236.