finance assignment

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Health Medical

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1-Mention the types of budgets that you know and give examples of then?

2- What is budgeting?

3- What is directed and indirect cost?

4- Give examples of productive and non-productive hours?

5- What does HMO, PPO, POS means?

A) Mention one example of each of then in your city, or state?

6- What is DRGs.?

7- Give some examples of strategies for Cost-conscious nursing practice that your Nursing unit use to lower medical care cost?

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Running Head: HEALTH AND MEDICAL FINANCE

Health and Medical Finance
Student’s Name
Institution’s Name

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HEALTH AND MEDICAL FINANCE

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Health and Medical Finance
Mention the types of budgets that you know and give examples of them
A budget refers to a financial plan often for a specific period. The list of the expected
expenses and revenues may also be included. Budgets usually help organizations to manage and
carefully track their resources. Below are the main types of budgets that are commonly used by
healthcare organizations:
Master budget. The master budget refers to the aggregate of a firm’s budgets developed
to present a picture of its health and financial process. Example of this budget includes the assets,
sales, and expenses budgets.
They are operating Budget. The operating budget can be defined as the analysis of the
targeted or projected expenses and income over a specified time range. Examples of this type of
budget include material costs, manufacturing cost, labor costs, and administr...


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