1. Home
  2. Topic
  3. Health
  4. Health Informatics
  5. Healthcare Budgetary Decision Making With Resources Becoming Essay

Healthcare Budgetary Decision Making With Resources Becoming Essay

Download This Paper Download this Essay in word format (.docx)

Excerpt from Essay :

Healthcare Budgetary Decision Making

With resources becoming increasingly limited in the healthcare industry, managers are continually challenged with devising effective strategies for dealing with budgetary concerns. The most prominent challenge comes in the form of decision making that results in striking a balance between cost reduction and the maintenance of high quality care and safety for patients. The following discussion outlines approaches that can be utilized by managers to effectively deal with budgetary concerns in healthcare settings, with an emphasis on the advantages of group decision making strategies.

It is evident that there is often a struggle in the healthcare industry for managers to continually and effectively manage depleting resources, address the ever-changing needs of patients, and all the while provide a high level of patient...
...This struggle has at its core a need for improvement in regards to the processes in which priorities are established in the healthcare environment, an issue addressed through a study conducted by Sibbald et al. (2010). This study proposed the development and trialing of processes that could be used to effectively evaluate the methods used for prioritization of resources in healthcare institutions. The evaluation strategies explored in the study were designed for the assessment of substantive and procedural components to the prioritization process. These components included details specific to the maintenance of high quality care, including equipment and appropriate staffing, as well as understanding how effective current procedures for achieving a necessary balance between the provision of quality care and meeting budgetary goals. These aspects of the priority setting process were examined in the study through a multi-methods approach, which included interviewing decision-makers, staff surveys, and documentation analysis (Sibbald et al., 2010).

This study resulted in the development of an effective tool for the evaluation of priority setting in healthcare institutions, enabling managers to pinpoint where priorities may be shifted in order to more effectively allocate resources (Sibbald…
Read Full Essay

Sources Used in Documents:

References

Burleson, G. (1984). Management, budgeting and the use of resources -- a private sector review. Hospital and Health Services Review, 80(3), 124-5.

Sibbald, S.L., Gibson, J.L., Singer, P.A., Upshur, R., Martin, D.K. (2010). Evaluating priority setting success in healthcare: a pilot study. BMC Health Services Research, 10, 131.

Xie, H., Chaussalet, T., Toffa, S., Crowther, P. (2005). A software tool to aid budget planning for long-term care at local authority level. Studies in Health Technology and Informatics, 114, 284-90.

Cite This Essay:

"Healthcare Budgetary Decision Making With Resources Becoming" (2011, November 19) Retrieved February 24, 2021, from
https://www.paperdue.com/essay/healthcare-budgetary-decision-making-with-85065

"Healthcare Budgetary Decision Making With Resources Becoming" 19 November 2011. Web.24 February. 2021. <
https://www.paperdue.com/essay/healthcare-budgetary-decision-making-with-85065>

"Healthcare Budgetary Decision Making With Resources Becoming", 19 November 2011, Accessed.24 February. 2021,
https://www.paperdue.com/essay/healthcare-budgetary-decision-making-with-85065

Related Documents:

  • Healthcare in Saudi Arabia Project

    • Words: 13191
    • Length: 40 Pages

    Lack of accountability, transparency and integrity, ineffectiveness, inefficiency and unresponsiveness to human development remain problematic (UNDP). Poverty remains endemic in most Gulf States with health care and opportunities for quality education poor or unavailable, degraded habitats including urban pollution and poor soil conditions from inappropriate farming practices. Social safety nets are also entirely inadequate and all form part of the nexus of poverty that is widely prevalent in Gulf countries.

  • UK Healthcare

    • Words: 9250
    • Length: 36 Pages

    UK Healthcare Within this section of Chapter One, a historical perspective of NHS will be provided. This discussion will identify problem areas that have emerged in relation to NHS with an attempt made to address the manner in which such problems have historically influenced reform efforts. With the passage and associated provisions of the NHS Act of 1946, NHS was implemented in the UK in 1948. The NHS Act of 1946 served

  • Financial Strategies of Healthcare Organization

    • Words: 3659
    • Length: 12 Pages

    Develop a financial strategy for using global nursing strategies to increase fiscal responsibility. Include the positive and negative financial impact of bringing foreign healthcare providers into a financial organization. Examples such as physicians, nurses, and therapist should be evaluated and assessed for financial viability.
    Healthcare institutions may be faced with fiscal constraints at some point in their growth process therefore necessitating austerity measures and sound business practices that will help

  • Public Health How Is Public Health Financed

    • Words: 842
    • Length: 2 Pages

    Public Health How is public health financed in your state, province, or country? How does the current budget crisis impact Public Health and Community services in your area? The issue of public health and its subsequent impact on society as a whole is becoming a very contentious issues for government. In the midst of an election year, public health issues such as Medicare, social security, and disease prevention are all becoming more

  • Human Resources Planning

    • Words: 3490
    • Length: 12 Pages

    Human Resources Planning Budgeting * Components/elements included in an HR Budget * Consider all HR facets such as Selection and placement, training & development, compensation and benefits, employee relations and employee engagement, health, safety and risk management * Cost reduction strategies. Both the cost and the range of functions taken on by a Human Resources Department are directly dependent on the size of the company. Smaller companies tend to make fewer distinctions between

  • HRM-340-Human Resource Info System Subject Case Senario:

    • Words: 1243
    • Length: 4 Pages

    HRM-340-Human Resource Info System Subject CASE SENARIO: Castle's Family Restaurant restaurants northern California area approximately 300-340 employees. Human resource information systems The Castle Family Restaurant is formed from a chain of eight facilities, employing an estimated 340 staff members, most of whom work as part time employees. The human resource responsibilities have been assigned to Jay Morgan, the operations manager, who is challenged by both the responsibilities, as well as the volume