(Solution) Nr533 Week 3 Touchpoint Reflection: Financial and Budgeting Principles

Guidelines for Touchpoint Reflections

A downloadable version of the guidelines, which includes further information, is available for access on the Course Resources page.

Reflection Information


This week’s readings contained a great deal of information on financial and budgeting principles. Some of you may have had some familiarity with the concepts and maybe even experience in working with them. However, there is always something new to learn.


What pre-conceived notions related to healthcare financial and budgeting principles did you hold before this week that you understand better now or for which you have a different perspective? How have these new revelations influenced your thinking related to access, availability, and quality of healthcare?


How has your enhanced knowing affected the way you view your proposed project?

What areas of additional financial or budgeting data gathering have you identified as a need for your plan?



Prior to this week’s lesson of financial and budgeting principles, I had a variety of pre-conceived notions which I have gained more insights and build knowledge about. To begin with, from the experience I have had in the facilities I have previously worked in, budgeting process requires the support and cooperation of the top management. I realized that the top management took considerable interest in setting targets as well as finalizing the budgets. From the lesson, I gained more information that the top management as well constantly monitors the real performance to establish any deviations, undertake curative procedures, empower the personnel and reward the employees that perform better (Robinson, 2016). In addition, it came to my realization that proper financial and budgeting involves the involvement of employees. This means that the….Please click the Paypal icon below to purchase full solution for only $5