After you read the article, discuss the most effective approaches to budgeting in the healthcare industry. Which approach is the most effective and why? Answer the question with research to support your statements.

HCAD Wk7 640 “What is the most effective approaches to budgeting in the healthcare industry?

Instructions – (No more than 500 words, APA and references)

Read “5 Approaches to Effective Budgeting & Forecasting in Healthcare” (see course content section).

After you read the article, discuss the most effective approaches to budgeting in the healthcare industry. Which approach is the most effective and why? Answer the question with research to support your statements.

READ:

Week 7 Overview
Eldenburg, L.G., Krishnan, H.A., & Krishnan, R. (2017). Management Accounting and Control in the Hospital Industry: A Review. Journal of Governmental & Nonprofit Accounting, 6(1), 52-91.

5 Approaches to Effective Budgeting & Forecasting in Healthcare. (see pdf below)

11 Expert Hospital Budgeting Tips You Can’t Afford To Ignore.
New complexities require a new approach to budgeting and forecasting.

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