healthcare financing

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  • Read Chapter 22, "Working Capital and Cash Management," pages 489–504.
  • Read Chapter 23, "Developing the Cash Budget," pages 505–514.

Use your Introduction to Health Care Finance and Accounting to read Chapter 8, "Budgets," pages 127–152.

Review the sample department operating budget in Figure 8-2 on page 132 of your Introduction to Health Care Finance and Accounting text. Prepare a PowerPoint presentation for the CFO of your organization to explain and justify your 2010 and 2011 prepared budget. Include the following points in your presentation, and record your presentation using Kaltura or another software of your choice:

  • Provide an executive overview of the budget, and discuss trends, variances, and potential areas of concern.
  • Explain whether the 2010 prepared budget is reasonable, based on 2008 and 2009 actual data. Explain your rationale. If you do not feel the budget was appropriate, what would you do differently, if you were the manager of this department?
  • Complete the following:
    • The 2010 projected column based on the 6-month 2010 actual data.
    • The 2011 budget column as if you were the manager of this department. (You may wish to prepare this in Excel, and then, insert this as a table into your PowerPoint presentation.) In your speaking notes and in your audio recording, explain how you arrived at these figures and discuss the assumptions that were made.
  • Add slides that address the following scenario to the same presentation. After preparing the budget, the CFO tells you that you still need to reduce expenses by 10 percent for 2011. It is up to you to decide where you will reduce expenses. Revise your 2011 budget figures to meet the CFO's requirements and provide rationale for your decision

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Explanation & Answer

Not possible to even view the page we are looking for? Page 132
Attached.

Health Care Finance
Budget
Department Health Budget

Department operating Budget
Department Operating Budget
Account
Actual Actual Budget 2010
2010
2011
Code
Account description 2008
2009
2010
6Months Projected Budget
SALARIES & BENEFITS
Salaries -Full-Time
725331 762348 810000
Salaries-Part-Time
52878
38758
40000
Overtime
12878
15980
15000
Shift Differential
88678
92567 100000
FICA
68085
71489
75000
Health Insurance
55875
60923
65000
Pension
38945
40244
48600
SUB-TOTAL
1042670 1082309 1153600

345923
62743
12858
44756
35685
29371
19867
551203

691846 826200
125486
60000
25716
15000
89512 102000
71370
76000
58742
71500
39734
49500
1102406 1200200

Department operating Budget (cont.)

OPERATING EXPENSES
Office Supplies

2379

3453

3000

812

Patient Care Supplies
29823
31872
33000
Travel & Training
56...

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