From the budget you created, develop a strategic planon how you will use the anticipated budget in the Cardiology Department. Formulate at least two suggestions and/or amendments to the current budget. For example, if you think that the department has a demand for additional staff, you could focus your suggested strategic plan to budget for additional workers and/or adjustments to wages.This execution plan will be a minimum of 500 words. Be sure to use two to three scholarly resources on strategic planning and budgeting.

Revenue: a. Cardiology Services: $2,100,000 b. Research Grants: $1,400,000

2. Expenses: a. Salaries: $1,100,000 b. Supplies & Equipment: $200,000 c. Professional Fees: $400,000 d. Advertising: $50,000 e. Rent: $500,000 f. Utilities: $150,000 g. Miscellaneous: $50,000 h. Total Expenses: $2,450,000

Explanation:

1. Revenue: a. Cardiology Services: The Cardiology Services revenue is the amount of money that is generated from the Cardiology Department providing services to patients. This includes any fees for treatments, procedures, consultations, and other related services. This amount is estimated to be $2,100,000 for 2021.

b. Research Grants: Research Grants are funds that are provided to the Cardiology Department from external sources in order to support research projects. This amount is estimated to be $1,400,000 for 2021.

2. Expenses: a. Salaries: Salaries are the amount of money that is paid to the staff of the Cardiology Department for their services. This amount is estimated to be $1,100,000 for 2021.

b. Supplies & Equipment: Supplies & Equipment are the amount of money that is spent on the purchase of medical supplies and equipment for use in the Cardiology Department. This amount is estimated to be $200,000 for 2021.

c. Professional Fees: Professional Fees are the amount of money that is paid to outside professionals for their services. This could include medical consultants, legal fees, and other related expenses. This amount is estimated to be $400,000 for 2021.

d. Advertising: Advertising is the amount of money that is spent on promotional activities such as print, radio, television, and online advertising. This amount is estimated to be $50,000 for 2021.

e. Rent: Rent is the amount of money that is paid for the Cardiology Department's office space. This amount is estimated to be $500,000 for 2021.

f. Utilities: Utilities are the amount of money that is spent on utilities such as electricity, gas, water, and sewer services. This amount is estimated to be $150,000 for 2021.

g. Miscellaneous: Miscellaneous expenses are the amount of money that is spent on items that do not fit into any other category. This could include office supplies, postage, and other miscellaneous expenses. This amount is estimated to be $50,000 for 2021.

h. Total Expenses: This is the total amount of money that is estimated to be spent by the Cardiology Department in 2021. This amount is estimated to be $2,450,000.