Unit 6 Assignment – HS440-5
Explain the methodologies and processes used in preparing budgets for health care organizations.
Before making any major capital investment decisions, such as the purchase of a new Magnetic Resonance Imaging (MRI), Electronic Health Record (EHR), or any major machine/system, the organization must create a business strategic plan that should contain their mission, values, and vision statements, and most importantly, their goals and objectives.
Part of this strategic plan, would include the planning and budget process. The general planning process can and will assist an organization and or health system set themselves up for future success. It will be the budget procedure, or financial forecasts that will link