zero based budgeting
Zero-Based Budgeting
Every organization goes through a point where it has to re-evaluate all its departments in an effort to see if they are all working to their full capacity or if there are any cuts and or reductions that can be made in an effort to save the organization some capital. Whenever anyone hears about reevaluations of department the first thing that comes to their mind is that they is a possibility that jobs may be deemed no longer necessary and therefore cut. Budgeting your expenses is an essential component in managing your internal controls and ensuring that your practice remains financially healthy. Zero-based budgeting dictates that supplier contracts be renegotiated for better rates, and rotating debt be transferred to a card with a lower interest rate. (Smith 2010).
Now that I have been given the job to help Windsor Memorial Hospital achieve a zero based budget I must look at each and every department in an effort to see what is working and what is not. I have look at everything and see what can be cut in an effort to save the hospital some money.
One of my first duties is to ask each department manager to outline the job duties of each one of their employees and to outline their overhead expenses including salaries and any reimbursable expenses that are being out for each member.
Once I have all these I outlines I will sit down with each department and go over their findings with them and see if we can come up with ways where we can save money. My objective is to save as many jobs as possible as I know that all jobs are important in providing the best quality of service for all the patients that come through the doors of the hospital.
In talking with the managers we will see if it is possible to utilize the employees we currently have to fill any possible job openings by realigning job duties among the staff. When it comes to the complex continuing care we have reevaluate and see if it I worth
Every organization goes through a point where it has to re-evaluate all its departments in an effort to see if they are all working to their full capacity or if there are any cuts and or reductions that can be made in an effort to save the organization some capital. Whenever anyone hears about reevaluations of department the first thing that comes to their mind is that they is a possibility that jobs may be deemed no longer necessary and therefore cut. Budgeting your expenses is an essential component in managing your internal controls and ensuring that your practice remains financially healthy. Zero-based budgeting dictates that supplier contracts be renegotiated for better rates, and rotating debt be transferred to a card with a lower interest rate. (Smith 2010).
Now that I have been given the job to help Windsor Memorial Hospital achieve a zero based budget I must look at each and every department in an effort to see what is working and what is not. I have look at everything and see what can be cut in an effort to save the hospital some money.
One of my first duties is to ask each department manager to outline the job duties of each one of their employees and to outline their overhead expenses including salaries and any reimbursable expenses that are being out for each member.
Once I have all these I outlines I will sit down with each department and go over their findings with them and see if we can come up with ways where we can save money. My objective is to save as many jobs as possible as I know that all jobs are important in providing the best quality of service for all the patients that come through the doors of the hospital.
In talking with the managers we will see if it is possible to utilize the employees we currently have to fill any possible job openings by realigning job duties among the staff. When it comes to the complex continuing care we have reevaluate and see if it I worth