HCS 577 WEEK 6 Health Care Business Analysis
Part 2 – Analysis Paper
Write a 1050 to 1,400 word paper in which you detail the following: Health Care Business Analysis
- Explain the decision-making processes in creating a budget.
- Explain the role of variance analysis in maintaining an operating budget.
- Differentiate between managerial accounting and financial management.
- Analyze how generally accepted accounting principles in the health care industry apply to your Operating Budget Projection.
- Analyze the decision between the two labor alternatives facing the management of PFCH and the annual cost increase of each.
- Evaluate the labor alternative you would recommend. Your justification should present numbers related to fiscal management including how each decision impacts the 2010 Budget Projection.
- Analyze the effect of the labor alternative you recommended would have on the operating budget with respect to each of the following:
- The opportunity cost of your recommendation.
- How your recommendation impacts employee satisfaction.
- How your recommendation impacts patient care and patient satisfaction.
Cite a minimum of four sources.
Format your sources consistent with APA guidelines. Submit the 2010 Operating Budget and Analysis Paper. HCS 577 WEEK 6 Health Care Business Analysis