Creating, choosing and analyzing an operating budget | HCS577 Financial Management In Health Care | University of Phoenix

 Part 1: 2010 Operating Budget

Review the attached 2009 Budget Issues – “Nursing Options” PDF

Create Two new 2010 Operating Budgets for 2010, one based on each labor decision option from the Nursing Statistics memo in the Nursing Options PDF. Adjust the attached “2010 Operating Budget Projection” word document to develop your new projected budgets.  (should be 2 separate documents with the 2010 Budget column adjusted accordingly for each option)

Decide which of the two highlighted options (pink and yellow) you will implement from the Nursing Statistics Memo in the “Nursing Options” PDF.

Discuss decision-making processes in creating a budget.

Part 2: Analysis Paper

Write a 1,050- to 1,400-word paper. Your paper should:

1. Discuss decision-making processes in creating a budget.

2. Explain the role of variance analysis in maintaining an operating budget.

3. Differentiate between managerial accounting and financial management.

4. Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.

5. Discuss the decision between the two labor alternatives facing the management of PFCH and the annual cost increase of each.

6. Make a recommendation about which labor alternative should be chosen.

7. Justify and analyze the labor decision that you recommend. Your justification should present numbers related to fiscal management including how each decision affects the 2010 Budget Projection. 

8. Analyze the effect of your decision on the operating budget, including:

     A. The opportunity cost of your recommendation

     B. How your recommendation affects employee satisfaction

     C. How your recommendation affects patient care and patient satisfaction

Cite a minimum of 4 sources with academic or peer-reviewed sources to support your perspectives  .

Format your paper and sources according to APA guidelines.

Premium Custom Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.