{"id":93519,"date":"2022-09-05T18:29:18","date_gmt":"2022-09-05T18:29:18","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/preparing-an-operating-budget-healthcare-financial-management-and-economics-rasmussen-college-system\/"},"modified":"2022-09-05T18:29:18","modified_gmt":"2022-09-05T18:29:18","slug":"preparing-an-operating-budget-healthcare-financial-management-and-economics-rasmussen-college-system","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/preparing-an-operating-budget-healthcare-financial-management-and-economics-rasmussen-college-system\/","title":{"rendered":"Preparing an operating budget | Healthcare Financial Management and Economics | Rasmussen College System"},"content":{"rendered":"<div>\n<p><strong>Instructions <\/strong>(See that attached file)<\/p>\n<p>You have been asked by the hospital\u2019s chief administrator to create a new six-month operations budget for the clinic. Using an Excel spreadsheet, create a new six-month budget for the clinic that includes the following revenue and expense projections:<\/p>\n<ul>\n<li>The clinic\u2019s revenue is projected to grow by approximately 3% as a result of a new managed care contract.<\/li>\n<li>The cost of expenses is expected to increase to 1.5%.<\/li>\n<li>The clinic will also be adding a new roof to the facility at a projected cost of $50,000.<\/li>\n<\/ul>\n<p>Then prepare a memo for the chief administrator. The memo should include a review of the previous year\u2019s budget, an analysis of the upcoming changes (figures above), and a discussion about the impacts that these changes will have on the budget for the upcoming year.<\/p>\n<p><strong>Please see rubric below:\u00a0<\/strong><\/p>\n<p><strong>A &#8211; 4 &#8211; Mastery<\/strong><\/p>\n<p>Memo includes a complete and thorough review of the year\u2019s budget with multiple examples or supporting details.<\/p>\n<p><strong>A &#8211; 4 &#8211; Mastery<\/strong><\/p>\n<p>Memo includes a comprehensive analysis of the proposed changes, incorporating the following figures: clinic revenue growth of approximately 3%, a result of the new managed care contract, expense cost increase of 1.5%, new roof for facility at $50,000<\/p>\n<p><strong>A &#8211; 4 &#8211; Mastery<\/strong><\/p>\n<p>Memo includes a clear and thorough discussion on the impacts that the changes will have on the budget for the upcoming year. Includes multiple examples or supporting details.<\/p>\n<p><strong>A &#8211; 4 &#8211; Mastery<\/strong><\/p>\n<p>Excel spreadsheet of six-month budget for the clinic with revenue and expense projections has no significant errors.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Instructions (See that attached file) You have been asked by the hospital\u2019s chief administrator to create a new six-month operations budget for the clinic. Using an Excel spreadsheet, create a new six-month budget for the clinic that includes the following revenue and expense projections: The clinic\u2019s revenue is projected to grow by approximately 3% as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-93519","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/93519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=93519"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/93519\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=93519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=93519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=93519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}