Response to EACH question must be a minimum of 200 words:
1.While the operating budget process is underway in June, the capital budget process must also begin. Describe what should be happening in the capital budget process during June of each year.
2. Review the commonly used approaches to budgeting for service volumes in a healthcare organization. Select any three of these and describe them.
3. Discuss the fringe benefit level change as a key component of the operating budget for any healthcare organization. Why is it so important?
4. Healthcare budgeting is critically impacted by business compliance issues such as corporate compliance and accreditation. Discuss key compliance and accreditation issues that are affecting U.S. hospitals at this point in our history.
Reference:
Berger, S. (2014). Fundamentals of health care financial management: A practical guide to fiscal issues and activities (4th ed.). San Francisco, CA: Jossey-Bass.