The finance function of all healthcare organizations

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Planning and budgeting play a critical role in the finance function of all healthcare organizations. Some experts argue that these two things are the most important of all the finance functions. Planning encompasses the overall process of preparing for the future. For this discussion, you will discuss the role of budgeting.

First, define what a budget. Also, provide some discussion on its connection to the finance function. List the 4 types of budgets. Then provide an in-depth discussion on 2 of these. Be sure to discuss the format and uses of each one. Which one do you feel is the best strategy for an organization and why?

Reference no: EM132280522

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