Verified Document

Opening An Outpatient Wound Clinic Essay

Opening an Outpatient Wound Clinic Categories in Budget (Fixed and Variable Expenses)

Budgeting for the outpatient wound clinic includes both fixed and variable expenses. Fixed costs are reported in the work of Swansburg (1997) to be unrelated to volume and to remain constant, as there are increases and decreases in volume over a time-period. Fixed costs are reported to include such as:

(1) Depreciation of equipment and buildings;

(2) Salaries;

(3) Fringe benefits;

(4) Utilities;

Interest on loans or bonds; and (6) Taxes. (Swansburg, 1997)

Variable costs do however "relate to volume and census. They include such items as meals and linen." (Swansburg, 1997) it is reported that supplies are usually volume responsive, meaning that total costs increase or decrease according to use." (Swansburg, 1997)

Direct and Indirect Costs

Direct and indirect costs of making the provision of service of product and are costs that are not "directly related to patient care, and include utilities, administration, housekeeping and building maintenance." ( ) These are however, direct costs for the source department. A cost-accounting...

Periodic reports of costs are provided to cost-center mangers, but they do not reflect all costs." (Swansburg, 1997) There are reported to be indirect costs that are "allocated only once a year in the Medicare Cost Report." (Swansburg, 1997) Included are the costs of "utilities, accounting, administration, data processing, admitting, and other items." (Swansburg, 1997)
III. Description of the Major Differences between a Static Budget and a Flexible Budget and Best Choice for Budget

The static budget is a budget that is based "on a projected level of output, prior to the start of the period. The static budget is reported to be the "original budget" and the static budget variance is reported as the "difference between any line-item in this original budget and the corresponding line-item from the statement of actual results." (Caplan, nd) the line-item of most interest is reported as the bottom line or the total cost of production for the organization and its other cost centers and the net income for the profit centers."

The flexible budget is reported as a "performance evaluation tool" and is of the nature that…

Sources used in this document:
Bibliography

Swansburg, Russell C. (1997) Budgeting and Financial Management for Nurse Managers. 1 Jan 1997. Business and Economics. Retrieved from: http://books.google.com/books?id=TlyldEaLWyoC&dq=outpatient+wound+clinic:+cost+accounting+and+fixed,+variable+expenses&source=gbs_navlinks_s

Capital Expenditure (nd) Tax Guide. Retrieved from: http://taxguide.completetax.com/text/Q13_2612.asp

Caplan, Dennis (nd) Management Accounting: Concepts and Techniques. Part 2: Microeconomic Foundations of Management Accounting. College of Business. Oregon State University. Retrieved from: http://classes.bus.oregonstate.edu/fall-06/ba422/Management%20Accounting%20Chapter%205.htm
Cite this Document:
Copy Bibliography Citation

Related Documents

Wound Care
Words: 8294 Length: 30 Document Type: Term Paper

Wound Care Chronic wounds represent a devastating health care problem with significant clinical, physical and social implications. Evidence suggests that consistent, meticulous and skilled care provides the primary means by which successful wound care and healing is promoted. The occurrence of wounds has plagued humankind throughout recorded history and remains a major source of morbidity and mortality in several disciplines of clinical medicine. Within this thesis, an effort will be made

Wound Care Wound a Wound
Words: 1640 Length: 4 Document Type: Essay

In this regard, the documentation should include the four main assessment components; which are, nutrition, wound etiology, wound appearance and pain (Assessment and Documentation Issues in Wound Care). In other words a careful written as well as visual record should be kept of all the possible factors and variables relating to the patient's condition and to the progression or otherwise of the healing process. There are two further reasons that are

Wound Care Wound and Skin
Words: 3684 Length: 12 Document Type: Research Paper

This highlights the seriousness of the need for proper wound care in long-term care facilities, demonstrating the extent to which the nurse must define and provide oversight to standards in this area. What steps should be taken to ensure proper wound care? The first and most important aspect of ensuring that wound care is attended with proficiency is the provision of comprehensive training for nurse professionals. There are an array of

Wound Care Proper Wound Care
Words: 503 Length: 2 Document Type: Research Paper

Certification for wound care are available but wound care is not typically addressed as an area of specialization for nurses. There is a corresponding lack of wound care training for nurses in key fields including those who work with diabetics. Research shows that proper wound care can minimize complications related to lack of mobility including bed sores, and reduce the rates of amputations. Comprehensive wound care training is therefore

Chronic Wound Care: Nursing Assessment and Intervention
Words: 2926 Length: 10 Document Type: Essay

Chronic Wound Care: Nursing Assessment And Intervention Chronic Wound Care: Nursing Assessment and Intervention Chronic Wound Care: Nursing Assessment and Intervention Chronic wounds are a challenge for both the clinician and the patient. For the nurse, issues of chronic wound care include the type of wound, the condition of the patient, and presence of infections, possible antibiotic therapy, and patient education on chronic wound care management. For the patient, issues revolve around how the

Wound Healing Quantitative Research Critique Vogt, Uhiyarik,
Words: 1305 Length: 4 Document Type: Article Critique

Wound Healing Quantitative Research Critique Vogt, Uhiyarik, & Schroeder (2007) conducted a study that compared Aquacel dressing vs. standard wound care for primary closed vascular surgical wounds. The results of the study found that there was no difference in length of stay in the hospital, complications, patient comfort, or healing time between the two wound care methods. The only difference was that the Aquacel dressing required fewer changes than conventional dressings, but

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now