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Budgets for Healthcare Organization

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What are the four major budgets of a health care organization? Briefly discuss each.

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Solution Summary

Solution clearly explains the different types of budgets for a Healthcare organization.

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Most of the Health Care Organizations develop four interrelated budgets:

1) Statistics budget
The statistics budget identifies the amount of services that will be provided by payor type.

2) Operating budget
The operating budget is combination of two budgets developed using the accrual basis of accounting, the revenue budget and ...

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