Money earned by the hospital is termed as revenue and money spent to operate the hospital is termed as expenditure. The difference between revenue and expenditure determines financial health of a hospital. It is essential in hospital administration to ensure financial sustainability while delivering quality care.
IMPORTANCE OF REVENUE VS EXPENDITURE COMPARISON
- Ensures financial stability
- Resource readiness
- Avoids overspending and improves accountability
- Guides procurement
- Supports strategic decision-making and capital planning
- Helps with grant applications and funding requests
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CONCLUSION
Hospital Administration course provides a comprehensive understanding of how healthcare institutions function from an operational and managerial perspective. Hospital administration 8 month course 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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