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Assignment
Topic: Budgets
AHIMA Competency: Utilize financial management processes. Task
Consider that you are going to be the HIM director for a large physician group that is just organizing its practice.
Your are going to oversee transcription, coding, release of information, along with the other day-to-day functions of HIM. The group is planning to utilize electronic records (EHR). The EHR system and computers will be coming from a separate IT budget.
However, you need to design, plan and submit a departmental and capital budget for the first year of business:
What items should you list under each budget? Keep in mind that the group has decided that anything more than $500 should be on the capital budget, except payroll expenses.
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