Fundamental financial and budgeting responsibilities


Answer the following:

1. When patients cannot receive needed medical care, nursing services, or rehabilitation therapies in a community-based setting, they are typically admitted to a long-term care facility, where medical care is traditionally delivered by physicians and / or practitioners with advanced qualifications. All nursing services in long-term care facilities are delivered by a nursing staff which is headed by a Director of Nursing (DON). Compare and contrast the roles of the medical director and the DON. Select the role which has the overall greater impact on patient care. Provide a rationale for your response.
 
2. Imagine that you are responsible for staffing a long-term care facility with sixty (60) full-time residents. Propose your strategy of selecting the key staff members, and specify their main roles and responsibilities. Support your selections.
 
3. Analyze the fundamental financial and budgeting responsibilities of a group practice manager. Suggest the most important competency that a practice manager must demonstrate in order to effectively manage the practice’s financial accounts. Support your rationale.
 
4. Compare and contrast the main different types of budgets that practice managers use. As a practice manager, determine two (2) types of budgets that you think would be most effective for managing the practice’s income and expenses. Justify

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