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Wages and Benefits: A common use of a hospital budget is to track every employee’s wage and benefits. Generally, the various categories of hospital budgets contain the following: And that is why it is crucial to divide the hospital budget into categories so you won’t mix up one type of budget to another. The word ‘budget’ is too broad when you think about a hospital’s expenses. The Different Categories of Hospital Budgets And a hospital budget carries the full breakdown of healthcare costs that can be used for planning, monitoring, etc.Ī 2018 Navigant study report stated that 38% of hospital executives agreed that lessening operating expenses is possible by prioritizing the supply chain. Medical expenses may cover from the general budget, supplies cost, payroll, and many more. And in hospital budgeting, they use hospital budgets to manage different factors as well. Just like any other business, there is an official budget sheet used to record all types of expenses.
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