Explain Development of Healthcare Organization Budgets
Interview the Chief Nurse Officer of your organization or a local healthcare organization regarding the budgeting process, including individual responsibilities, unit manager responsibilities, & responsibility centers. Discover the various types of budgets that are developed annually, for example, operating, revenue, & performance budgets, and discuss the capital budgeting process. From the interview, your professional experience, & the course readings, create a proposed operating & revenue budget for your unit or an organization you have found in the literature or course readings. Support your budgets with a written explanation of your calculations, for example, show how you calculated workload, expenses, staffing, other budget items, etc., within tables & provide an overview narrative describing how the budget was developed—see Chapter 12, Jones et al. (2018), pg. 236 on budget submission, negotiation, & approval. Include a short reflection describing what you learned from the interview & how it affected your budget development.
