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Unit 2202 Budget Management

Decent Essays

HIT 2202 Budget Management Lab The HIM department has contracted with an agency to scan paper records into the new EHR system. The budget for this project is $500,000.00 dollars to be spread over the next three years. The cost of scanning is $0.10 per page, and the estimate is that there are approximately 5 million pages to be scanned. At the end of the first year you receive a bill from scanning company and see that you have been billed for scanning 2,500,000 pages. 1. Determine what the budget variance/difference will be. The budget this project is $500,000.00 dollars and it should be spread over three years. The cost of scanning is $0.10 per page and the estimate is that there are approximately 5 million pages to be scanned. The first

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