Description
1)Review the commonly used approaches to budgeting for service volumes in a healthcare organization. Select any three of these and describe them ( 200 words)
2) 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.( 200 words)
3)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.
4) why is it so important to present a board-level human resources report in June while the operating budget process is beginning?
Explanation & Answer
Attached.
Importance of board-level human resource report in June while operating budget process
With this two major reason we see that human resource is very beneficial in the assisting and
planning of budget process. This is done in June as the operating budget process is in the
beginning. The board of human resources level is entitled to give out a detailed report in June
before the process of budget has reached a mature level. A board-level human resource is very
important in the beginning of June as the operating budget is in the beginning because of the
following reasons:
•
Human resource is very important in this aspect as it helps in controlling of all the entire
operations, contribution, functions and the cost of human resources the gives those
planning the budget a prior idea of what is expected and what is needed to cover as per
what the board report stipulates.
•
There is another major importance of presenting board level-human report in June while
the operating budget is in process because it assists to anticipate and calculate how much
salary, cost of salary, how many employers need to be paid, the benefits human resources
costs thereby it is easy to formulate the budget in an organization.
Capital budge...
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