Capital budget proposal
What statements were utilized for formulating your proposal? Why? Select the appropriate statements for analysis and defend your choices.
What major expenses are associated with your proposal items, and what budgetary accounts are impacted?
EHR/Software integration for patient portals and virtual visits.
Based on the previous year’s budget data, why did you select these budget items for adjustment over other options?
Research the various ratio options used for reviewing financial statements. Determine what ratios you will use for your proposal items and explain why.
Using budget statements, formulate calculations that support each recommendation.
Create a projected departmental budget for the upcoming year that incorporates the costs of the proposed changes.
