Budget Comparison And Revenue Projections

Budget Comparison And Revenue Projections

Discussion 1

Budget Comparison

Dropkin, Halpin and LaTouche (2007) outline 6 different types of budgets. Compare and contrast these budgets highlighting which organization benefits the most from each budget and why. Your initial post should be at least 300 words.

Discussion 2

Practice Identification/Evaluation

You will choose a real or hypothetical mental health related practice for your Budget Assignments in this class. Whether this is a non-profit or for-profit sole proprietorship, limited liability corporation, sub-s corporation, or other, you will need to identify the sources of income based on your prospective clientele. After reviewing the provisions of the MHPAEA of 2008 and the President’s 2016 SAMHSA related budget, discuss the mental health clientele payer sources (e.g., private pay, traditional health insurance, Medicare/Medicaid, managed care, grants). Then, differentiate between each type of clientele by payer source listing at least one strength/weakness from a budgetary perspective. Your initial post should be at least 300 words.

Discussion 3

10 Steps to an Operating Budget

Consider the 10 steps to creating, implementing, and managing an annual organization-wide operating budget outlined by Dropkin, Halpin and LaTouche (2007) in Chapter 12. Identify the two steps that you think will be most difficult for you and provide support for your choices? Which of these steps do you think will be the easiest for you? Select one and explain your decision making rationale? Your initial post should be at least 300 words.

Discussion 4

Income and Revenue Projections

Part of the budget justification process involves the ability to project income or revenue. This information comes from the projected clientele by payer source. Explain why this aspect is so important in the development of an operating budget. Your initial post should be at least 300 words.

Required Textbook
Dropkin, M., Halpin, J., & LaTouche, B. (2007). The budget-building book for nonprofits (2nd ed.). Jossey-Bass.

Required Resources
In order to view the closed captioning of any video in this course, simply click on the cc link on the bottom right of the video (in red), click on transcribe video and then OK and the closed captioning will appear throughout your video.

American Counseling Association, (n.d.). 2014 ACA Code of Ethics Resources. American Counseling Association. Retrieved from https://www.counseling.org/knowledge-center/ethics/code-of-ethics-resources (Links to an external site.) . This site is the American Counseling Association (ACA) Code of Ethics Website related to Course Learning Outcome 4 “Apply ethics to the successful implementation of financial management and fundraising efforts of mental health care systems.”

American Psychological Association. (2017). Ethical Principles of Psychologists and Code of Conduct: Including 2010 and 2016 Amendments. American Psychological Association. Retrieved from http://www.apa.org/ethics/code2002.html (Links to an external site.) . This site is the American Psychological Association (APA) Code of Ethics. Section 6 relates to record keeping and fees.

BlueCross BlueShield of Tennessee. (n.d.) Behavioral Health Specific Billing Guidelines. Retrieved from http://www.bcbst.com/providers/behavioral_health/billing_guidelines.pdf. (Links to an external site.) This site will be used for part of budget (profit) related assignments.

BoardSource, [BoardSource]. (2012, April 3). Responsibilities of Nonprofit Boards – 6 of 10 – Ensure Adequate Financial Resources [Video File]. Retrieved from https://youtu.be/9w9myx-5xok (Links to an external site.)

BoardSource, [BoardSource]. (2012, April 5). Responsibilities of Nonprofit Boards – 7 of 10 – Protect Assets and Provide Financial Oversight [Video File]. Retrieved from https://youtu.be/7NhRLNo6AEU (Links to an external site.)

BPMSG, [BPMSG]. (2010, February 23). 06 Operating Expenses Fixed and Variable (Business Performance Management) [Video File]. Retrieved from https://youtu.be/Xc6F5rMCM40 (Links to an external site.)

Calley, N. (2009). Comprehensive program development in mental health counseling: Design, implementation, and evaluation. Journal of Mental Health Counseling, 31(1), 9-21.

Chevarley, F., Owens, P.L., Zodet, M.W., Simpson, L., & et al. (2006). Health care for children and youth in the United States: Annual report on patterns of coverage, utilization, quality, and expenditures by a county level of urban influence. Ambulatory Pediatrics, 6(5), 241-64.

Final budget for fiscal year 2006 changes Medicaid and Medicare rules, cuts funds for mental health programs. (2006). Psychiatric Services, 57(3), 432-3.

financevideos, [financevideos]. (2008, October 2). What is the income statement? [Video File]. Retrieved from https://youtu.be/tDc3KulcE9Q (Links to an external site.)

Hornor, J, [eHow]. (2009, May 26). Small Business Basics : How to Understand a Profit-Loss Statement [Video File]. Retrieved from https://youtu.be/1gI25MuIXkw (Links to an external site.)

McCarthy, J., [goldstarjimmccarthy]. (2010, September 1). Difference Between Fixed and Variable Costs – Quick Draw with Jim McCarthy, Goldstar CEO [Video File]. Retrieved from https://youtu.be/wBBfA9q8FSQ (Links to an external site.)

Murphy, D., [Abila]. (2017, January 4). 2017 Predictions: Biggest Trends Impacting Nonprofit Finance and Accounting [Video File]. Retrieved from https://youtu.be/gN3mkq83TXg (Links to an external site.)

National Institute of Health (NIH). (2015). Grants and funding: NIH’s centra resource for grants and funding information. National Institute of Health (NIH). Retrieved from http://grants.nih.gov/grants/oer.htm (Links to an external site.) . This site will assist with the Budget Creation assignments. Part of budget (profit) related assignments to Course Learning Outcome 3 “Demonstrate an understanding of fundraising and grant application processes.”

Office of Budget (OB), (2017). HHS FY 2017 Budget in Brief. U.S. Department of Health & Human Services. Retrieved from https://www.hhs.gov/about/budget/fy2017/budget-in-brief/index.html (Links to an external site.)

Office of Budget (OB), (2017). HHS FY 2018 Budget in Brief. U.S. Department of Health & Human Services. Retrieved from https://www.hhs.gov/about/budget/fy2018/budget-in-brief/index.html (Links to an external site.)

Rae, W, [ehowfinance]. (2009, February 6). Making a Budget : How to Create a 0-Based Budget [Video File]. Retrieved from https://youtu.be/4HNFnNrSNjA (Links to an external site.)

Roberts, P, [eHow]. (2008, November 1). Business Advice : How to Determine Profit [Video File]. Retrieved from https://youtu.be/4Z4HK2uctQE (Links to an external site.)

Sperling (2015, February 20). President Obama’s 2016 budget: What does it mean for mental health? https://www.nami.org/About-NAMI/NAMI-News/2015/President-Obama-s-2016-Budget-What-Does-It-Mean-f (Links to an external site.)

The Substance Abuse and Mental Health Services Administration (2015). The Substance Abuse and Mental Health Services Administration operating plan for FY2016. https://www.samhsa.gov/sites/default/files/fy2016-samhsa-operating-plan.pdf (Links to an external site.)

Tuck, A., (2011, February 9). Succeeding Through Tough Times. The Bridgespan Group. Retrieved from http://www.bridgespan.org/Publications-and-Tools/Strategy-Development/Managing-in-Tough-Times/Succeeding-Through-Tough-Times.aspx#.UTZphNZOTmd