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Finance & Accounting
Pages 5 (1255 words)
HEALTHCARE BUDGET Introduction An operating budget is an important document that determines the financial management paradigm of any given organization or institution (Wolinsky, 2005). As a healthcare facility, the Patton-Fuller community Hospital needs an operating budget to regulate its financial management.
In their place, it is always important to put structures that help in the effective creation and monitoring of the operating budget. To this end, this is going to be a paper that does not only prepare a comprehensive operating budget based on the previous year’s projections but it would also be a document that critically identifies some of the effective financial management practices that could both hinder and promote effective creation and monitoring of the operating budget. ...
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