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Fiscal Health in BHM Decisions First Name Last Name Institution Fiscal activity which includes aspects such as costs have a huge impact on the health care setting. There are a number of costs that are incurred by a health care facility such as labor costs logistics costs acquisition costs and other forms of decision that will not impact the operation of the facility. It is also important to ensure that the fiscal decisions are aligned with the mission and vision of the behavioral health care facility to enable the organization to meet its intended goals and objectives in both the short term and the long run. [...]
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Discuss how fiscal activity can impact decision making in a behavioral health care setting. In particular, your response should examine how fiscal information such as types of cost (e.g., labor, logistics, etc.), and different sources of revenue (and factors impacting payment) can be used to project the bottom line and plan for cost cutting, growth, investment, etc. Also address how costs can be recouped, and from what funding streams, to meet the bottom line. Finally, assess how fiscal decisions can be made consistent with the mission and vision of a behavioral health care organization.
Subject Area: Philosophy
Document Type: Paraphrasing
