Five key aspects of a budgetThe budget is a detailed summary written to decide how an individual or an institution will spend its money over the course of a year. or for a specific period of time (Wetherbe, Montanari, 2013). Here are some of the key aspects of a budget and how they influence decision-making in hospitals and healthcare centers. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayIncome: This includes healthcare sales, dividends, interest, and any other type of capital earned through the care of health. These should be captured when writing a budget to show the total amount healthcare earns annually or for a specified period of time. Expenses: All monthly expenses are written down to help healthcare know how much they are spending. Unexpected expenses are reduced and a fixed monthly variable is set to ensure that healthcare does not spend a lot in areas of no impact. Overhead and Production: This influences healthcare on the costs needed to pay for labor, materials, and machinery when purchasing a product or service. These are marked as production costs while the rest, such as office supplies, telephones, etc., are marked as non-production costs. Totals: This is the total amount that shows how an institution is doing monthly and for the year. It includes total revenue and expenses and helps to know how the business is performing and areas that need improvement. Projections: This acts as a predictor. It shows the final results if the same trend continues throughout the year, if the income and expenditure levels are not changed (Wetherbe, Montanari, 2013).ConclusionHealthcare needs a budget for making sure they have enough funds throughout the year and doing so. not short of money. They should use budgetary aspects to set the company's future goals and follow the steps to achieve them..