Managing Financial Resources and Budgeting Processes

For this assignment, assume the role of Chief Financial Officer (CFO) of a multi-complex health care organization that includes rehabilitation facilities, ambulatory care centers, and outpatient surgical centers. Write a 1,750- to 2,100-word paper in which you address financial resources and budgeting processes as CFO of your organization. Your paper should include the following: Develop a strategic budget goal for each department in your organization (Rehab, Ambulatory Care, and Outpatient Surgery). Justify each goal and explain its role in maintaining the department’s budget. Identify the major components to be included on an income and expense budget for each department. Discuss the impact of performance measures on budgeting. Examine the role of policy, accountability, and monitoring in your budgeting process. Explain how your organization will adapt to financial profits or losses due to: The Affordable Care Act Centers for Medicaid and Medicare Services (CMS) Managed Care Pairs Format your paper consistent with APA guidelines.