16 Jul WHO IS ULTIMATELY RESPONSIBLE FOR THE FINAL BUDGET AND MONITORING THE BUDGET DURING THE BUDGET CYCLE.
Describe the relationship between profit and capital budget expenses.You are the hospital CEO. Doctors on the capital budget committee can’t agree on which equipment to recommend for purchase and for how much. The total list of requests is way over the board’s guideline. Explain what do you say to them. (“Doctors and the Capital Budget” in Health Services Management: Readings, Cases, Readings, and Commentary, 9th ed., A. R. Kovner, A. S. McAlearney, D. Neuhauser, Chicago: AUPHA/HAP 2009, p. 294)Evaluating the finance function. In one HCO, some of the CSS managers feel that the finance function is not as effective as it should be. Talking with them you learn that they have several specific concerns listed below. You promise to get back to them within a few days, and you do. What do you say, and what evidence do you show them, on each question?1. Finance costs too much, and it’s a burden on their overhead.3.2. Finance is slow in producing cost data and cost analyses.Who is ultimately responsible for the Final Budget and monitoring the Budget during the Budget cycle. Also who normally presents the budget to the Governing Board. APA 300 to 500 words with two article references
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