Business Com and HealthCare Discussions
Lourdes11Assignment 1: Discussion Assignment The discussion assignment provides a forum for discussing relevant topics for this week based on the course competencies covered. For this assignment, make sure you post your initial response to the Discussion Area by Saturday, February 27, 2016. To support your work, use your course and text readings and also use outside sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format. Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion. Complete your participation for this assignment by Wednesday, March 2, 2016. Creating Good Presentations Using the South University Online Library or the Internet, research on good and bad habits while creating Microsoft PowerPoint presentations. Based on your research and understanding, complete the following tasks:
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Assignment 1: Discussion Assignment |
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Assignment 1: Discussion Assignment Assignment Instructions and Details: Before the end of the week, begin commenting on at least 2 of your peers' responses. You can ask technical questions or respond generally to the overall experience. Be objective, clear, and concise. Always use constructive language, even in criticism, to work toward the goal of positive progress. Submit your responses to the appropriate topic in this Discussion Area.
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 Discussion Question 1: Operating and Capital Budget |
| Discussion Question 2: Fixation of Salary |
Discussion Question 1: Operating and Capital Budget |
A budget is a plan expressed in dollar amounts that acts as a road map to carry out an organization’s objectives, strategies and assumptions. There are different types of budgets that healthcare organization use to manage its financial and managerial goals and obligations.
Discuss the difference between an operating budget and a capital budget. What are the steps in creating each budget?
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One of the decisions that a healthcare finance manager has to make is whether to allow budgets to change over the course of a reporting period. A budget that never changes is called static, while a budget that changes based on actual activity is called flexible. Both approaches offer advantages and disadvantages for the healthcare organization.
Refer to the lecture, Static and Flexible Budgets, An Example. In the example of the walk-in clinic, if you had the option of retaining the nurse practitioner on a salary, what salary would you offer? Why?
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