Description
400 t0 600 words
You are the manager in a health care organization, and you have been directed to come up with a plan to cut your budget by 5%. Discuss the following:
- What expenses will you cut? Justify the cuts you choose.
- Describe how these cuts will affect patient-centered care.
- Include both positive and negative effects.
Provide at least 1 reference for this discussion.
Explanation & Answer
Attached.
Running Head: COST ACCOUNTING FOR A HEALTHCARE ORGANIZATION
Cost Accounting For A healthcare Organization
Student’s Name
Institution of Affiliation
Course
Date
1
COST ACCOUNTING IN HEALTHCARE ORGANIZATIONS
2
Expenses I will cut with Justification
The process of budgeting is a significant element of management systems control since it
facilitates a manner in which planning, coordination and management control takes place.
Despite the fact that every essential item is given consideration during the budgeting process in
every organization, attention ought to be given for the justification of each cost and that which is
considered exaggerated has to be cut off in order to create a sustainable profit margin in terms of
organizational revenue and expenses(Young, 2008). The aspect of increasing revenue minus
overloading this healthcare organization employees or sacrificing the...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
Shutter Island
by Dennis Lehane
A Portrait of the Artist as a Young Man
by James Joyce
Blink
by Malcolm Gladwell
You Are a Badass
by Jen Sincero
The Elegant Universe
by Brian Greene
All the Kings Men
by Robert Penn Warren
The Metamorphosis
by Franz Kafka
The Glass Palace
by Amitav Ghosh
The Turn of the Screw
by Henry James