Healthcare managers are involved in the annual budget and are required to have a good understanding of the financial statements and how they impact their individual departments. Capital budget proposals are typically presented to the CEO, CFO, COO, and controller. For this reason, managers need to make sure that capital budget proposals include relevant supporting documentation and financial analysis to support the proposed request. The goal is to obtain approval. Discuss the various ways that you as manager of your department can ensure that you prepare the best proposal possible. Include relevant resources and any action steps needed for this process. In response to your peers, provide any recommendations for proposal success.
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