budgeting roles in the management of a physician’s group practice

Develop Part 3 of your operations plan. It should be 3-4 pages and include at least two quality academic resources in which you:

  • Explain what you need to know about accounting and budgeting as a practice leader.
  • Compare the two levels of financial benchmarking (i.e., internal comparison and external comparison), and explain the strategic purpose and importance of benchmarking as a financial tool for a medical practice.
  • Explain the role telehealth and telemedicine services have in medical group practices and how they affect patient care safety and quality. Support your response.
  • Recommend a health information technology (HIT) system that includes an electronic health record (EHR) for the new practice to implement, and include three main benefits of having the HIT system.
  • Propose a strategy to mitigate the impact of a specific hazardous risk associated with one of the risk categories; property (general liability and safety), technology, or financial practices could have on the practice. Support your proposal with a real-life example

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