Business Budget Case

Service Title
Business Budget Case
Student Name
Student ID
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Table of Contents
Executive Summary....................................................................................................3
Outline........................................................................................................................ 4
Background................................................................................................................ 4
The Proposal.............................................................................................................. 4
Risks........................................................................................................................... 6
Process....................................................................................................................... 7
Resources.................................................................................................................. 7
Reporting of outcomes................................................................................................7
Report outcomes........................................................................................................7
Financial Information..................................................................................................8
Implementation plans..................................................................................................8
References.................................................................................................................9
Attachment 1............................................................................................................ 11
Attachment 2............................................................................................................ 12
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Executive Summary
The hospital is enhancing its services to get in the MRI services for which it has
made a plan. The revenue earnings through it is high which would help the hospital
to expand its operations and infrastructures. The functions, processes, risks,
manpower issues along with responsibilities of each personnel is been looked after in
the modern day. This has the ability to enhance the services which was much
needed by the people of the area. Hence, it’s a social benefit for the community and
hospitals way to enhance its revenue for future care and cure service enhancements.
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Outline
The Nepean Blue Mountains Local Health District has incorporated the new MRI
machine in its set up which is being discussed from a financial perspective. The
existing facilities did not have the Local Health District (LHD) did not had a well-
structured infrastructure which could address this needs of the patients coming in.
hence the hospital invested money to get one and thus the financials of the firm is
been studied to understand if the financial decisions made were right if it has served
the most needful purpose of LHD. The last few years has seen a dramatic shift in the
number of patients which has made the needs to create more value essential for the
hospital. Without the MRI machine the hospital was suffering from patient’s
incomplete treatment and thus the satisfaction along the doctors and the patients
were growing which made the hospital to get one (Smith, Ferrari & Puczkó, 2016).
Background
The background of the business suggests that the Nepean Blue Mountains Local
Health District is the case where the MRI machines were unavailable which the
eminent need of the day was. The complete treatment was missed and thus the
hospital thought to have one. The numbers of patients’ were increasing with each
passing year and the pressure for the service was high. So to reduce the cost of the
people from the locality and to give them the needful service at the nearest location
the MRI facilities were added. The Local health Departments are to be made
competent to give them the edge it needs for services. The health services are
beneficial to the area as the people get it with ease and the cost of travelling to the
other districts was reduced. Hence the cost of the MRI was justified when the
benefits are counted (Deitrich & Hilfiger, 2017).
The LHD has taken special steps to include this in the system as the demands was
high and the convenience of the locals were also a great reason. The implementation
was on no profit no loss basis which gives the business its needful attributes that it
may use for the long run to aid the locals to avail this benefit in the vicinity.
The Proposal
The case of the hospital suggests that the capacities of the hospital has to be
increased as the current space is out of date to the capacity that the demand for
patients have from the hospital. Hence the increase in the space for the
enhancement of the services is needed. Thus the business had to make plans to
include the medical sales along with MRI generated sales revenue to enhance its
capacities.
Aims
The aim of the LHC is to enhance its revenue on medicine sales and enhance the
services so that the revenue is increased by the business so that it can fund the new
expansion plans that it has. Further, the kind of pressure that it has on the current
staffs can’t be enhanced without recruitment of new people to manage. Thus how the
business handles this recruitment drive is what is necessity for expansion. The idea
is to keep it cost free and the breakeven should be such that the income would
support the expenses (Wirtz & Zeithaml, 2018).
Benefits
 Efficiency gains
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