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Georgia State University Management Working in Healthcare Health Finance Question 6

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I need support with this Finance question so I can learn better.

1.Bring to mind a wide range of healthcare organizations, such as a long-term care facility, large for-profit hospital, a physicians’ practice, Veterans Affairs hospital, or a state-run clinic. Consider how budgeting would be influenced depending on an organization’s sources of funding. How do you think the purposes or uses of a budget vary according to the kind of healthcare organization it is?

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2. Bugeting can provide many different benefits for management working in healthcare and provides a lot of information to make big decisions on where the organization should turn. With large for-proft hospitals are noramly ran by private owners that operate for profit, while provide different levels of care such as acute and long term. When having a hospital that provides multiple different specailty services have more than 500 beds for patients, with that comes a lot of different big investments as well as mainenance for management.

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