Question

You are the chief financial officer of Smithville Hospital, and you have recently implemented a budget...

You are the chief financial officer of Smithville Hospital, and you have recently implemented a budget reduction throughout the hospital. You want to ensure your actions are accepted among the hospital department managers.
--What would be the best way to communicate with these department
   managers?
--If there is resistance, what should you do?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Being a financial officer , after having a thorough evaluation and analysis only I can make any changes or manipulation according to the needs and requirements in the budget section alloted for each department of the hospital .

- The best way to communicate with these department managers is to have a democratic meeting and presenting my perspective and allowing them also to put their views . This will erase the unnecessary misunderstandings and miscommunication . I will also have a presentation on the analysis and evaluation done by me of all the years and what was the outcome . Will make them understand that how extra funds can be utilised in some other activity which would help in the organization outcome and hence will also have positive output in the staffs payment .

- If there is resistance even after explaining the whole scenarios with evidences then I would take the organisation's main administration department's help to resolve the situation .

Add a comment
Know the answer?
Add Answer to:
You are the chief financial officer of Smithville Hospital, and you have recently implemented a budget...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • You have recently been introduced to Laura Spencer, who is the Chief Financial Officer (CFO) of...

    You have recently been introduced to Laura Spencer, who is the Chief Financial Officer (CFO) of a services firm that specialises in providing on-site technical assistance for computers and networks. Laura knows that you have recently obtained employment as a graduate forensic accountant and arranges to meet you over coffee. Laura brings copies of the company’s cash-flow statements to this meeting; after reviewing the financials, you note that cash flows have been decreasing for the last three years. When you...

  • You have recently been introduced to Laura Spencer, who is the Chief Financial Officer (CFO) of...

    You have recently been introduced to Laura Spencer, who is the Chief Financial Officer (CFO) of a services firm that specialises in providing on-site technical assistance for computers and networks. Laura knows that you have recently obtained employment as a graduate forensic accountant and arranges to meet you over coffee. Laura brings copies of the company’s cash-flow statements to this meeting; after reviewing the financials, you note that cash flows have been decreasing for the last three years. When you...

  • You are the Chief Information Officer for a local hospital. Recently, your hospital has been required...

    You are the Chief Information Officer for a local hospital. Recently, your hospital has been required to update their policies to protect the information of the patients at the facility. These policies have been scrutinized in the community. Some community members think the new policies are preventing insurance providers to pay claims and for patients to get the information they need. You will write a letter to the editor of your local newspaper to explain why patient privacy, security and...

  • You are expected to prepare a recommendation in business memo format on what actions the hospital...

    You are expected to prepare a recommendation in business memo format on what actions the hospital should undertake in order to ensure that it comes into compliance with the Act. As you prepare to formulate your recommendation, you may want to consider your answers to the following questions: 1. What is the overall purpose and intent of the Act? 2. What are the key provisions within the Act? 3. What prompted the passage of the Act? 4. What policies and...

  • You are the Compliance Officer of a 230-bed teaching hospital. You have just read a newspaper...

    You are the Compliance Officer of a 230-bed teaching hospital. You have just read a newspaper article reporting that a physician on the hospital's medical staff has been charged with violations of the False Claims Act in his private practice. The charges include upcoding and billing for unnecessary services. Do you believe that there is any way that the hospital could be implicated in the physician's misdeeds? What is your first reaction to receiving this information? If it appears that...

  • You are the chief financial officer of Superior Paint Company, a company that manufactures paint and...

    You are the chief financial officer of Superior Paint Company, a company that manufactures paint and paint products in a large township. Chemicals used in the production process are disposed off in compliance with environmental regulations but some of the components of the products such as solvents, monomers and softening agents still present serious ecological risks. The company provides regional employment. The chief executive officer has asked you to prepare a report on whether the company should engage in social...

  • You are the chief financial officer of Superior Paint Company, a company that manufactures paint and...

    You are the chief financial officer of Superior Paint Company, a company that manufactures paint and paint products in a large township. Chemicals used in the production process are disposed off in compliance with environmental regulations but some of the components of the products such as solvents, monomers and softening agents still present serious ecological risks. The company provides regional employment. The chief executive officer has asked you to prepare a report on whether the company should engage in social...

  • John is the chief financial officer at ABC company Inc. Due to an economic downturn, the...

    John is the chief financial officer at ABC company Inc. Due to an economic downturn, the company has difficulties meeting it’s financial goals. John was under tremendous pressure to show that the company is in good standing financially. He arranged a meeting with Mary, who is the accountant for ABC Company. John asked Mary to cook or fudge the numbers to make things appear better than they really are. Mary knows that as an accountant, no one should act in...

  • The activity An EHR was implemented at the General Hospital one year ago, before you were...

    The activity An EHR was implemented at the General Hospital one year ago, before you were hired. The implementation process did not go smoothly and now there are strong EHR advocates and strong EHR-dissenters on the team. The CEO wants to move forward with an implementation of the bar-coded medication administration feature of the EHR, but the director of nursing does not. You have been asked to manage the implementation and see that it is successful. You will first need...

  • using this case study create a memorandum The year is 1996, and you are the Health...

    using this case study create a memorandum The year is 1996, and you are the Health Information Management Systems (HIMS) Director for Steel Toe Regional Hospital in Pleasant, Texas. This is a small rural hospital where members of the leadership team have a tendency to take on a number of collateral duties. In addition to being the HIMS Director, you are also doubling of the Compliance Officer. The organization is preparing for the implementation of the recently enacted Health Insurance...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT