Read the article Flexing Your Budget in which experts urge hospitals and healthcare systems to trade in their traditional budgeting process for a more dynamic and versatile model.
Download this template for Module 11 Article Reviewand write your answers in the spaces provided.
Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.
Save your assignment as a Microsoft Word document. (Mac users, please remember to append the ".docx" extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. Author of Article: Paul Barr
Title of Article: Flexing your budget. Experts urge hospitals, systems to trade in their traditional budgeting process for a more dynamic and versatile model.
Journal/ Newspaper/ Website - Name and date: Modern Healthcare, 35(37), 24.
Summary of Article:
(This section is a summary of the article. It should be about a paragraph in length.)
Key Points:
(This section should state the important points discussed in the article. It should be bulleted or numbered and in sentence form.)
Your Own Analysis:
(This section should discuss what you thought about the article.)
Questions:
• What the benefits of having a flexible budget?
• What are some of the downsides of having a flexible budget?
• Do you think the budget busters are accurate? Why or why not?
• How does the flexible budget address these budget busters?