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Chapter-04 Budgeting

BOOK TITLE: Financial Management for Hospital Administration

Author
1. Kulkarni GR
2. Satyashankar P
3. Gomes Libert Anil
ISBN
9788184486247
DOI
10.5005/jp/books/10306_4
Edition
1/e
Publishing Year
2009
Pages
52
Author Affiliations
1. Mumbai, Maharashtra, India
2. SDM College of Medical Sciences and Hospital, Dharwad, Karnataka, India
3. Kasturba Medical College and Hospital, Manipal, Karnataka, India, Father Muller Medical College and Hospital, Mangalore, India, e-mail: anilmdha@outlook.com
Chapter keywords

Abstract

The primary purpose of budgeting is to secure grants from appropriate authorities. It is the means through which resource allocation decisions are made among many diverse, yet interdependent activities and programmes of the healthcare provider. Budgetary control mechanism ensures the actual results are in line with what was planned and agreed upon, and if there are deviations, identify the reasons and to the extent possible make individuals accountable for them. Budgeting is also a tool for creating awareness of business cost, especially in a complex organisation such as health care where multifarious services are offered.

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