Krona Community Hospital
Established in 1977 Krona Community Hospital is a 60-bed acute care hospital located in the heart of Banconota County. With a staff of nearly 100 physicians and
specialists 400 employees and 75 volunteers they offer a full range of health care services. They are accredited by The Joint Commission.
Nouveau Health a private not-for-profit health care chain took over the management of Krona Hospital. Last year state officials began to discuss Nouveaus proposal
to build a new replacement hospital in Banconota County. The new facility would have 74 acute care beds four observation rooms four surgical operating rooms one
c-section room a 24-hour emergency department a maternity center an intensive care unit and extensive support services including physical therapy and cardiac
rehabilitation. All patient rooms would be private.
You are a staff member in the finance department at Nouveau Health whose sole responsibility is to advance the success of the organization through assisting in
planning forecasting and finance management.
Your Key Assignment Draft is designed to help you prepare for the presentation in Phase 5. The chief executive officer (CEO) of Krona has asked that you complete the
following:
Prepare next years financial plan and operational budget. ?Note: Keep in mind that the budget you created for your Phase 2 Individual Project did not take into
account the growth of the new facility. The CEO has asked that you expand that budget and provide a finalized budget that will take into account the new services
offered. The CEO has stated that there is $3 million that you can incorporate into the budget for additional staffing services maintenance and so forth.
Make sure the budget reflects the following: ?Increase in revenue reimbursement
?Allocation for the proposed improvements
?Increase in salaries
Be sure to discuss the following areas:
Funding sources
Your methodology in revenue forecasting
How the new services will impact revenue
Fixed and variable costs
Project inpatient and outpatient visits based on current trends
Need PowerPoint presentation of 8 slides (with speaker notes of 200 words for each slide excluding the title and reference slides

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