Healthcare

Financial Planning for Medical Group Practices”  Please respond to the following:

• Practice managers have many responsibilities and best of all, the success of that company in a way does depend on their ability to unify staff, motivate better productivity and effort in staff.  Please discuss and rate how and what criteria you would use to hire an office manager?
• Analyze the fundamental financial and budgeting responsibilities of a group practice manager. Suggest the most important competency that a practice manager must demonstrate in order to effectively manage the practice’s financial accounts. Support your rationale.
• Compare and contrast the main different types of budgets that practice managers use. As a practice manager, determine two (2) types of budgets that you think would be most effective for managing the practice’s income and expenses. Justify your response.