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Assignment - Financial Management for Health Information Management
The CFO for your healthcare organization comes to you once again to ask for your assistance with budgeting. You are tasked with developing a budget for the open imaging center that is looking to forecast its next fiscal year to present to the board of directors.
For this assignment, in a 1-page Word or Excel document, develop a department budget for the open imaging center. You are able to use any figures that you would like and you may be as creative as you like, however, be sure that the calculations are accurate. At minimum, your budget must include the following points:
Number of procedures completed in a year.
Next develop an income budget for the open imaging center. Finally, calculate an annual operating budget for the center which includes both expenses and income from above.
Attachment:- Asignment File - Lesson Content.rar
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The enclosed Budget presentation for opening image center from Rubric is incorporated keeping in view the feasibility of successful operation.The strategy of the budget is to look into probable operational bottleneck such as revenue, maintenance of equipment, capital expenditure and other fixed cost.However, a detailed working have been prepared to arrest financial crisis, if arise, by providing data on fixed and variable cost. The presentation mainly focuses on organization's goals, objectives, and priorities for the year coming forth apart from addressing estimated income and expenditure.
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