Fixed budget is fixed regardless of actual performance of the hospital. This is set at the beginning of a fiscal year or quarter and remains fixed. It is useful for planning and control. The performance evaluation is limited in a fixed or static budget as the activity may vary.
ADVANTAGES OF A FIXED BUDGET
- Simplicity and clarity in budgeting and reporting
- Strong cost control—managers are held accountable for staying within budget
- Effective when activity levels are stable and predictable
- Encourages disciplined spending
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CONCLUSION
Hospital Administration course provides a comprehensive understanding of how healthcare institutions function from an operational and managerial perspective. International Hospital Administration Training Coimbatore, has become a popular course option with hospitals choosing qualified administrators. As a hospital administrator, you will find that understanding facility maintenance enhances your ability. This career path offers long-term growth and stability, and with the right training, you will be prepared to seize opportunities instantly. Don’t miss this chance to start a rewarding career in healthcare administration and save yourself time by enrolling in the right training program today.
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