ReferenceBaylor Scott & White Health. (2022). Ted & Sue Getterman wellness center. https://www.bswhealth.com/locations/waco-getterman-wellness-center

20XX Sheet2 Sheet3 KRONA HOSPITAL OPERATING BUDGET FOR 20XX Revenues Inpatient 25,000,000 Outpatient 15,000,000 Emergency Room 10,000,000 Laboratory 5,000,000 Pharmacy 1,500,000 Home Health and Hospice 1,500,000 Ambulance Services 50,000 stance Ab 250,000 Other 850,000 Subtotal 60,050,000 Less Chartiy Care 8,000,000 Net Revenues 42,050,000 Expenses Payroll (including nursing salaries) 12,500,000 Benefits 3,000,000 Contract Labor 100,000 Insurance 300,000 General Services (laundary, security, etc) 3,000,000 Depreciation ,500,000 Interest Expense 300,000 Professional Services 10,000,000 Total Operating Expenses 30,700,000 Net Income 11,350,000 Assignment Details Close @ Unit 1 - Individual Project (100 points) Due: Sun, Feb 26 | Printer Friendly Version 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 Additionally, provide discussion on the following: . How do you think that revenue would increase in each of the areas? Think outside of the box, and perform research to determine current trends in those areas. . Why would there be a forecasted need to increase payroll and benefits? . Explain the role of key leadership in the budgeting process, from the chief executive officer down through to the staff level of a financial analyst. The use of APA style is expected. Students are required to reference at least 2 scholarly sources for this task