Health Financial Management Report 2022

Running head: HEALTH FINACIAL MANAGEMENT
Health Financial Management
Name of the Student
Name of the University
Author Note

1HEALTH FINACIAL MANAGEMENT
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Conclusion.......................................................................................................................................3
References........................................................................................................................................4

2HEALTH FINACIAL MANAGEMENT
Introduction
The Springwood services is established in the Nepean Blue Mountains Local Health
District. The services provided by Springwood such as day surgery, palliative care and
rehabilitation (Nbmlhd.health.nsw.gov.au.2019).
Discussion
There are two budget has been made on the basis of five section of expenditure that are
the staffing, consumables, utilities, administration, and depreciation of an equipment. The
detailed explanation has been provided beside the calculation. The data and the figures that have
been used for preparing the budget is taken from various sources. The analysis of the annual
report of the Nepean Blue Mountains Local Health District have been done to gather relevant
information. The analysis of website is also done to obtain information about the services
provided by Springwood services. The analysis of the websites and the report help in gathering
information about the various kinds of expenses that is incurred by the Springwood services. The
break even calculation that has been prepared from the optimal budget shows a profit of about 0
as it is a not for profit service. The total income in the budget shows 58500000, and the total
expenditure shows 58500000. The other budget shows the contingency budget which shows 10%
less form the optimal budget. The services offered by Springwood offers at a very low price. The
surgery is done only on the day and the palliative acre and the aged care provided by springwood
is very popular (Brown et.al. 2013).

3HEALTH FINACIAL MANAGEMENT
Conclusion
The budget and the break even calculation is done with the relevant data’s provided in the
annual report of Nepean Blue Mountains Local Health District and the websites of Springwood
services.

4HEALTH FINACIAL MANAGEMENT
References
Brown, M., Sheppeard, V., Gabriel, S., & Thomas, J. 2013. Description of the W estern S ydney
and Nepean Blue Mountains local health districts' influenza prevention
programme. Internal medicine journal, 43(7), 760-766.
Nbmlhd.health.nsw.gov.au. 2019. Springwood Hospital. Retrieved 25 September 2019, from
https://www.nbmlhd.health.nsw.gov.au/springwood-hospital