“Financial Planning for Medical Group Practices” Please respond to the following:

“Financial Planning for Medical Group Practices”  Please respond to the following:

  • Analyze the fundamental financial and budgeting responsibilities of a group practice manager. Suggest the most important competency that a practice manager must demonstrate in order to effectively manage the practice’s financial accounts. Support your rationale.
  • Compare and contrast the main different types of budgets that practice managers use. As a practice manager, determine two (2) types of budgets that you think would be most effective for managing the practice’s income and expenses. Justify your response.

150 words please add reference and citation