Comprehensive Guide to Budgeting for Health Care Managers

All health care managers—regardless of their training and area of responsibility—must create budgets and manage their departments within the established budget. A Comprehensive Guide to Budgeting for Health Care Managers is a thorough examination of budgeting practices that will provide readers with the necessary skills to construct budgets and analyze variances between actual financial results and the budget. The chapters take the reader through a step-by-step process to analyze systems, incorporate organizational goals into budgets, identify performance issues, and explore how budget systems impact behavior. Emphasis is given to the purpose of budgets and how they can be manipulated, the demonstration of how five different types of budgets are created, and opportunities to construct budgets and assess budgets. Readers will come away with a solid grounding in accounting, economics, finance, and strategic behavior as well as improved Excel skills.Key Features:•Offers a comprehensive knowledge base and analytical tool kit to measure, monitor, and improve department processes and outcomes•Uses Microsoft Excel throughout as a tool to analyze operations and create budget as Excel proficiency is essential to any manager working with financial or operational data•Emphasizes practical application and provides the reader with many opportunities to construct budgets and assess how budget assumptions impact funding levels