Revenue Variance Analysis

Resource: Ch. 8 of Financial Management in Health Care Organizations
Due Date: Day 5 (Individual) forum
Review variance analysis in Ch. 8 of the text
Determine the revenue variance from Arcadia Hospital’s 2005 budget
Address the following: Is the variance positive or negative? Which is desirable, a positve or negative variance? Why? What do you think are some of the possible causes for this variance? How would you adjust Arcardia Hospital’s 2006 budget in light of your variance analysis? Explain your answer.
Post the variance and your answers as a Microsoft Word attachment.