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Discussion Question: 'The Budgeting Process and Capital Investment Decisions"
Use the Internet or Strayer databases to research information related to the budgeting processes within the various types of health care organizations. Next, determine the most-effective budgeting approach for a hospital, indicating how this approach can lead to effective financial management of the facility. Provide support for your rationale.
Assume that you are an administrator for a hospital, and you need to acquire a new technology system so that you may comply with regulatory requirements. Create an argument to be presented to the leadership team in which you justify the need for your facility to invest in this new technology. Then indicate the value to the organization and provide support for your argument.
Note: This professor uses a plagiarism checker. Sources must be current, meaning published within the last 3 years. This discussion question only requires 250-350 word response (equivalent 2 paragraphs).