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Explain the processes used in preparing budgets for health care organizations.
In this assignment, you are the CFO of a hospital, and you will create a one-page memorandum detailing cost-cutting measures that will be undertaken in response to the COVID-19 (or similar) crisis. You will consider debt financing, variance analysis, and cost variances in the organization. You need to translate your analysis results into practical action steps the organizations and employees will take.
Instructions
In this one-page memorandum, you will:
- Describe the action steps the organization will take to cut costs.
- Explain the reason for the cost-cutting measures.
- Discuss the valued contributions the employees can make to make the cost-cutting measures a success.
- Describe the appreciation the organization has for the employees during this crisis.
Preparing budgets for health care organizations.; Requirements
Memorandum should:
- Describe the action steps the organization will take to cut costs.
- Explain the reason for the cost-cutting measures.
- Discuss the valued contributions the employees can make to make the cost-cutting measures a success.
- Describes the appreciation the organization has for the employees during this crisis.
Minimum Submission Requirements
- Proper notification of any resubmission, repurposing, or reworking of prior work per the Purdue Global Student Coursework Resubmission, Repurposing, and Reworking Policy Resource.
- This assessment should be a Microsoft Word (minimum 350 words) document, in addition to the title and reference pages.
- Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your submission should be highly organized, logical, and focused.
- Your submission should provide a clearly established and sustained viewpoint and purpose.
- Your writing should be well ordered, logical, and unified, as well as original and insightful.
- Your submission must be written in Standard English and demonstrate exceptional content, organization, style, and grammar and mechanics.
- A separate page at the end of your submission should contain a list of references in APA format. Use your textbook, the Library, and the internet for research.
- Be sure to include references for all sources and to cite them using in-text citations where appropriate. Your sources and content should follow current APA citation style. Review the writing resources for APA formatting and citation found in Academic Tools. Additional writing resources can be found within the Academic Success Center.
- Your submission should:
- include a title page;
- be double-spaced;
- be typed in Times New Roman, 12 -point font; and
- be free of spelling or punctuation errors.
Preparing budgets for health care organizations.; If the work submitted for this competency assessment does not meet the minimum submission requirements, it will be returned for revision. If the work submitted does not meet the minimum submission requirements by the end of the term, you will receive a failing score.
Plagiarism
Plagiarism is an act of academic dishonesty. It violates the University’s Code of Student Conduct, and the offense is subject to disciplinary action. You are expected to be the sole author of your work. Use of another person’s work or ideas must be accompanied by specific citations and references. Whether the action is intentional or not, it still constitutes plagiarism.
For more information on plagiarism and the University’s Code of Student Conduct, refer to the current University Catalog.