Explain the different types of budgets commonly used by healthcare facilities: Annual budget Authorized personnel budget Capital budget Expenditure budget Statistical budge
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1.) Explain the different types of budgets commonly used by healthcare facilities:
- Annual budget
- Authorized personnel budget
- Capital budget
- Expenditure budget
- Statistical budget
- Revenue budget
- Cash budget
2.) Compare top-down (authoritarian) budgeting and bottom-up (participatory) budgeting.
3.) State the difference between incremental budgeting and zero-base budgeting.
4.) Discuss the process of amending the budget during the year, including the use of budget controls and budget amendments.
5.) Explain the budget development process for smaller medical facilities.
6.) Demonstrate the ability to perform break-even analysis.
Please answer all questions above to receive "FULL" credit.
Chapter 8:
Course Materials- Cengage 2nd edition: Introduction to Health Care Finance and Accounting- Carlene Harrison and William P. Harrison
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