Week 8-Discussion Questions:
1.) Explain the different types of budgets commonly used by healthcare facilities:
Annual budget
Authorized personnel budget
Capital budget
Expenditure budget
Statistical budget
Revenue budget
Cash budget
2.) Compare top-down (authoritarian) budgeting and bottom-up (participatory) budgeting.
3.) State the difference between incremental budgeting and zero-base budgeting.
4.) Discuss the process of amending the budget during the year, including the use of budget controls and budget amendments.
5.) Explain the budget development process for smaller medical facilities.
6.) Demonstrate the ability to perform break-even analysis.