HSA 546 Week 5 Discussion – Financial Planning For Medical Group Practices
HSA 546 Week 5 Discussion – Financial Planning for Medical Group Practices
Analyze the fundamental financial and budgeting responsibilities of a group practice manager. The most important competency that a practice manager must demonstrate in order to effectively manage the practice’s financial accounts.
Compare and contrast the main different types of budgets that practice manager use. As a practice manager, determine two (2) types of budgets that you think would be most effective for managing the practice’s income and expenses. Justify your response.
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