Financial Management Discussion
1. Review the commonly used approaches to budgeting for service volumes in a healthcare organization. Select any three of these and describe them.
2. Explain the difference between top-down and bottom-up budgeting, and give the pros, and cons of each. Based upon your learning here, which approach do your personally favor, and why?
3. Discuss the full-time equivalent level as a key component of the operating budget for any healthcare organization. Why is it so important?
4. Why is it so important to present a board-level human resources report in June while the operating budget process is beginning?
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.