HIMT2300 Healthcare Management-operating in the budgeting period

HIMT2300 Healthcare Management-operating in the budgeting period

Task:

When the budget is completed and we begin operating in the budgeting period (October 1), we must have a follow-up procedure to determine whether our projections are accurate. Only with a routine follow-up can we determine whether our financial operation is proceeding as planned. The budget follow-up procedure is outlined below.

1. After the end of each quarter, you will receive a financial report for your department containing the budgeted figures for each expense category and the actual expenditures for each expense category, as well as a column indicating the variance between the two.

2. Any expense category that has a negative variance of 4 percent or more will require that you submit a written explanation to the fiscal manager with a copy to your immediate superior. Your budget report will be marked to indicate which items require explanation.
Objectives:

1. To establish a quarterly in-service educational program for the health information services department employees by January 1, at a cost not to exceed $400 per program/session.

2.To establish a trauma registry program by December 1, at a cost not to exceed $70,000 this first budget year.

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