Essay Instructions: Marking criteria:
1. Introduction (10/60)
? Budget presentation on appropriate template (3)
? Budget period clearly stated(2)
? Describes setting in which budget is to be applied (5)
2 Budget (45/60)
? Budget is detailed and correct (30)
? Alternative options using opportunity cost analysis are discussed (10)
? Document shows sources of data used for forecasting expenditure (5)
3 Presentation (5/60)
? Uses correct grammer, spelling & punctuation
? Correct application of APA used for in-text citation and for the reference list
Details
Develop a budget for a project, ward, unit or service using a budget template (you may use one from your own organization), in an environment of scarce resources. Consider alternative options using opportunity cost analysis. Annotate the document to show the sources of data used for forecasting the expenditure for the budget period.
I am working in a rehabilitation hospital (Shatin Hospital), which is run by the Hospital Authority, the main provider of public health care in Hong Kong. There is increasing of hospital service demand in HK, due to aging population, lack of hospital bed, shortage of manpower etc. Moreover, the rehabilitation hospital works with a regional acute hospital as a partner in the same territory. The patients will be transferred from the acute hospital and the acute hospital always asks for more bed from my hospital due to their bed crisis. However, Shatin hospital also faces the insufficient manpower and one doctor resigned recently. The opportunity cost for add two extra beds to each wards may not be succed. Therefore, I would like to propose the project to reform one pair of medical and geriatric wards to nurse-led wards.
Background:
Each ward: 25 beds. There are 5 female wards and 5 male wards in M&G department. Each pair of wards has one ward manager, each wards has one doctor, one advance practice nurse and 9 nurses (RN & EN). The aim of the nurse-led ward to manage chronic health problem, chronic wound care, feeding management and end-of-life care.
Financial implications?
Salary of doctor: $56,440/month, registered nurse: $26,960 and 43,383,
The expenditure of one acute bed: $4,680 per day, the fee of A&E is $990
Due to front line nurses are not confident on nurse round and service change, the training sessions need to provide for nurses.
The cost for manpower is same, and it is needed to buy more heel protectors and dressing materials, because there are more patients are bedbound, and the patients who need more wound care.
.
Different headings For the assignment( suggested by lecturer)
1) Proposal title
? Hospital/department/ward/clinic
? Project description
? Location(s) of works, if applicable
2) Justifications for change
a)Justification such as(the following list is not exhaustive)
? What is the service need- and why?
? What are the issues that impact on this need: issues like population growth, change in demographics, in social characteristics, in technology, in public expectation and others may be explored
? What is wrong in the existing practice that needs intervention?
? What changes need to be managed to make the service function well?
? What may happen if the proposal is not implemented?
? How will the proposal change the situation?
? What government policy issues does the proposal address?
? What are the dey anticipated benefits?
? Who benefits? How? When?
? How will the service be managed?
? How are the stakeholders engaged with the proposal?
? Have other agencies that are involved agreed to the proposal?
? The key risks associated with the current proposal. What is the impact of these risks?
? Include statistics, if available
b) Targets and performance indicator
? Please express the above in a specific, measurable, achievable, relevant and timely manner, e.g. KPI
c) Implications if the initiative is not implemented in the coming year and the
years following
d) what are the alternatives you have considered?
e) alternatives explored to re-deploy existing resources
3) Financial implications
A. Capital costs, e.g.
? construction, refurbishment, alteration, e.g. scope of works, work programme, cash flow,
? engineering equipment/medical equipment/furniture (F&E)
- F&E descriptions and quantities
- Justifications, eg consequences of the non-availability of the proposed equipment, mission critical to clinical service
- Medical equipment/Furniture
If new, please provide evidence-based supporting information e.g. an extract of a professional journal.
If additional, please specify the existing equipment quantities, their annual utilization rates, patient caseload per year, any backup arrangements, etc.
Cash flow.
B. Recurrent costs
- Staff training costs, if any
- Cash flow
- Other consumable costs,
C. Fees and income, e.g. suggest fees to the management
D. Appendices
Please include as appendices all calculations, tables and other evidence needed to support your proposal