Fill in the Blanks Hospital Finance: VocabularyOnline version A "warm up" fill in the blanks exercise based on common hospital financial vocabulary. by emile cloutier 1 Benefits budgeted actual cost patient MOHLTC staffing statements global LHIN variance supply reports financial analyst HNHB based Salaries centre Hospital revenue comes from different sources , but the most significant source of revenue is received from the , funneled through the . In years past , hospitals received funding for operations ; now and moving forward , funding methodologies are becoming more . Once funding is received , we need a plan on how it will be spent to provide extraordinary care . A budget must be prepared ? the two main components of a department ? s budget are the budget , and the budget . and make up 62% of the NH expenditure , and as such , are extremely important during the budget process . There are two main financial reports available to managers ? the , and their more detailed counterpart , the are both found on sourcenet . These reports provide a snapshot of how a department is performing as compared to budget . They highlight variances , which are the difference between and results . Every manager and director is assigned a who is available to help you understand and interpret your statements .
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