AN INTEGRATIVE REVIEW OF BUDGET MANAGEMENT AND FINANCIAL STRATEGIES IN PRIVATE HOSPITAL SETTINGS

Abstract

This integrative review critically synthesizes existing literature and secondary data sources to examine budget management frameworks and financial strategies implemented in private hospital settings. Emphasizing key concepts such as financial sustainability, cost containment, strategic fund allocation, and revenue optimization, the review explores diverse budgeting models including incremental, zero-based, and performance-based budgeting. Key challenges identified include regulatory compliance costs, fluctuating patient volumes, and technology investments impacting fund utilization efficiency. By integrating empirical evidence and conceptual insights, this study highlights adaptive financial governance mechanisms driving operational efficiency and economic resilience in private healthcare institutions. The findings aim to inform hospital administrators, policymakers, and healthcare finance professionals on best practices and innovation opportunities to enhance fiscal management and sustainability. This comprehensive synthesis provides a foundation for future research on customized budgeting tools and digital financial management in the evolving private hospital landscape.