Question: Budgeting is a complex process that requires the collection and use of data to devise the working document. Budgets are plans that have been quantified.

Budgeting is a complex process that requires the collection and use of data to devise the working document. Budgets are plans that have been quantified. Healthcare organizations must devise an approach to budgeting, which includes the top-down or bottom-up approach, fixed or variable, and zero-based or historical. As a healthcare leader you must utilize these factors to establish a budgeting process for the community based acute care hospital you lead. Describe the process you would choose and defend your choice.

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In establishing a budgeting process for a communitybased acute care hospital its important to consider the unique characteristics and needs of the healthcare industry The choice of budgeting approach ... View full answer

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