Discussion: "Financial Planning for Medical Group Practices"
Respond to the following:
• Analyze the fundamental financial and budgeting responsibilities of a group practice manager. Suggest the most important competency that a practice manager must demonstrate in order to effectively manage the practice's financial accounts. Support your rationale.
• Compare and contrast the main different types of budgets that practice managers use. As a practice manager, determine two types of budgets that you think would be most effective for managing the practice's income and expenses. Justify your response.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.