Mention the types of budgets that you know and give examples of then?

Finances and Medical Costs

Read Chapter on Davis Plus: Finance

1-Mention the types of budgets that you know and give examples of then?

2- What is budgeting?

3- What is directed and indirect cost?

4- Give examples of productive and non-productive hours?

5- What does HMO, PPO, POS means?

A) Mention one example of each of then in your city, or state? (Miami, Florida)

6- What is DRGs.?

7- Give some examples of strategies for Cost-conscious nursing practice that your Nursing unit use to lower medical care cost?

 

Answer Preview………….

There are various types of budgets that are used in Organizations, hospitals, and government agencies. Ideally, a budget gives the estimates of the revenue and the expenses to incur in a given period of time. Normally, most of the budgets are drafted to give the estimates for a period of one year (Hao, 2015). The year is commonly referred to as the financial year. The following are different types of budgets.There are various types of budgets that are used in Organizations, hospitals, and government agencies. Ideally, a budget gives the estimates of the revenue and the expenses to incur in a given period of time. Normally, most of the budgets are drafted to give the estimates for a period of one year (Hao, 2015). The year is commonly referred to as the financial year. The following are different types of budgets…………..

APA 673 words

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