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    Budgeting is an important activity within every health care organization. The particular challenges encountered however can vary depending on the type of organization. A state or federally funded organization for example will likely have a budget that is allocated to it and it needs to follow specific guidelines on how the money can be used. A for-profit organization by contrast will typically have more influence and flexibility in setting up its budget and making choices on matters such as how much to spend on marketing patient care or incentives for employees.
    In addition to preparing budgets as a health care administrator you must also be able to evaluate whether or not you have achieved your budget using variance analysis. This is important because variance analysis measures the differences between the budget and actual results and provides administrators with a starting point for correcting financial performance. For this Assignment you conduct a variance analysis for a health care organization.
    To prepare for this Assignment:
    Review the Week 9 Assignment document provided to you by the Instructor. Examine the budgeted and actual revenues and expenses for a hospital. Reflect on concepts of budgeting and variance. Refer to Chapter 10 and Chapter 11 of Financial Management of Health Care Organizations: An Introduction to Fundamental Tools Concepts and Applications in this weeks Learning Resources for additional guidance.
    The Assignment:
    Using the Week 9 Assignment Budget and Variance Excel Template address the following:

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