Scenario: You are the HIM director at Green Valley Medical Center, a midsized hospital. As part of your role, you are responsible for managing the HIM department's budget. The hospitals fiscal year just ended, and you have noticed some significant variances between the budgeted and actual figures for your department.
The following is a summary of the budget and actual figures for the HIM department for the last fiscal year:
Health Information Management Budget Summary
Budget Item Budgeted Amount Actual Amount Variance dollar amount Variance Percentage
Salaries and Wages $ $$
Training and Development $ $
Office Supplies $ $
IT Equipment Maintenance $ $
External Coding Services $ $
Revenue from ROI Services $ $
Calculate the Variances: Fill in the variance and variance percentage columns for each budget item.
Responses for the Variance dollar amount must indicate a positive or negative variance and the dollar amount. I provided the Variance dollar amount for the Salaries and Wages section in the table above to demonstrate how answers must be formatted.
Responses for the Variance Percentage must indicate a positive or negative variance and the percentage amount. I provided the Variance Percentage for the Salaries and Wages section in the table above to demonstrate how answers must be formatted.
Training and Development Variance dollar amount:
Training and Development Percentage:
Office Supplies Variance dollar amount:
Office Supplies Percentage:
IT Equipment Maintenance Variance dollar amount:
IT Equipment Maintenance Percentage:
External Coding Services Variance dollar amount:
External Coding Services Percentage:
Revenue from ROI Services Variance dollar amount:
Revenue from ROI Services Percentage:
