Budget and Financial Planning

Kress Community Hospital, established in 1977, offers a full range of services. We have staff of about 100 physicians and specialist, 400 employees and 75 volunteers. We are accredited by the Joint Commission. Nouvant Health Group, a non-profit, private health care chain began management of the 60-bed hospital. In 2007 discussions of state officials began for Nouvant's proposal to build a new hospital to replace the existing hospital. The new hospital will have seventy four acute care beds, four observation and surgical operating rooms, a c-section room, maternity center, twenty four hour emergency department, intensive care unit and extensive support service that will include cardiac rehabilitation and physical therapy. All rooms for the patients will be private.

In order for Nouvant to be successful they will have to have a good financial plan. This will show what our costs are, how we plan to increase revenue, and be able to make a profit. With Nouvant being a non-profit organization there are avenues that can be sought to help with the construction and to acquire new equipment for the new hospital. As a member of the Finance Department the financial plan and budgets will need to be put in place to show this will be a good investment. Grants to assist with building the new hospital

The hospital will need grants to assist with the building of the new hospital and acquire new equipment. We can apply for grants from Community Facilities Grant Program that is sponsored by the Department of Agriculture, Health Care and Other Facilities Program sponsored by the Health Resources and Services Administration. To assist with the equipment is the ORIP High-End Instrumentation Program Grant sponsored by the National Institutes of Health. The United Hospital Fund is another source to help with the in the construction of the new hospital. They provide grants to improve healthcare services. Building the new hospital will improve healthcare services in the county. There will be more services offered at the new hospital, more patient rooms which will all be private, and new equipment (UHF, 2012). They help in advance policies and support programs that promote high-quality, patient-centered health care services that are accessible to all. They undertake research and policy analysis to improve the financing and delivery of care in hospitals, health centers, nursing homes, and other care settings (UHF, 2012). There are many more grant programs out there that can be looked at once the hospital has opened. These could be grants for training, funding programs to help with compliance with the different agencies when it comes to billing and coding, safety, and departmental development (Codjia, 2013).

Improving revenue

There are several ways we can improve the hospital's revenue. Revenue begins