10 Jun ANALYZE THE FUNDAMENTAL FINANCIAL AND BUDGETING RESPONSIBILITIES OF A GROUP PRACTICE MANAGER.
1.Imagine a life threatening event or a natural disaster in your community such as a severe weather event, terrorist attack, or other type of public health emergency. Propose an overall strategy that medical providers and public health agencies should include in the response plan that combines the efforts of both groups. Determine how these groups could work collaboratively to effectively manage this emergency.
2.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.
3.Compare and contrast the main different types of budgets that practice managers use. As a practice manager, determine two (2) types of budgets that you think would be most effective for managing the practice’s income and expenses. Justify your response.
4.Imagine you are responsible for purchasing a new health information or practice management system for a medical practice. Prioritize three (3) system functions or capabilities that would be most important to you when making this purchase. Support your decision
5.Assess the process of benchmarking as a function of practice management. Suggest one (1) financial and one (1) operational benchmark that a practice manager could use to improve business outcomes and the quality of patient care. Support your recommendations with at least one (1) real-world example.
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