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Budgeting and Financial Management

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Budgeting and Financial Management

Part 1

There is a mounting public awareness and focus on issues of financial accountability and control across the country today. The public is demanding businesses, government agencies, and public health organizations to adhere to high standards of integrity, accountability, and financial control.

Respond to the following questions in relation to financial management and budgeting:

In your opinion, should the same standards and expectations of financial accountability and control of private or for-profit corporations and businesses be placed on public health agencies? Why or why not?
What value, if any, do financial management and budgeting have for accountability and control of public health organizations?
Most marketing business professionals would agree that effective marketing messages should be clear, consistent, and compelling.

Consider the following statement:

All county health departments should use identical marketing strategies to market public health services.

Do you agree or disagree with this statement? Justify your responses with scholarly references and appropriate examples.

Part 2

Operations plans and organizational budgets are vital for organizations to meet their goals and objectives. Operations plans and budgets are closely intertwined and interdependent. Cross-departmental communication is required to plan, develop, and monitor the operations plans and organizational budget documents.

Respond to the following discussion points in relation to organizational budgets:

Why are operations plans and organizational budgets so closely linked?
Recommend strategies for cross communication at the planning, development, or monitoring phases of operations planning and budgeting.

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The solution examines budgeting and financial management.

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http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3036674/

In your opinion, should the same standards and expectations of financial accountability and control of for-profit corporations and businesses be placed on public health agencies? Why or why not? What value, if any, do financial management and budgeting have for accountability and control of public health organizations?

I believe that the same standards should be used because it has been proven through research that uniform or standardized financial data accountability and analysis is capable of facilitating more efficient and effective organizations, which taxpayers expect from their public healthcare facilities. Therefore, if public healthcare organizations operated under the same financial scrutiny as for-profit organizations in regard to expectations of financial accountability, this would provide the public with greater confidence in these institutions as more comprehensive analyses of revenue and expenditure trends would occur because stricter measures would be in place to monitor financial revenues and expenditures. This would ensure that the priority of ensuring that positive community health outcomes are achieved wherein this additional financial tool would provide ...

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  • MS, Prairie View A&M University
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