Fiscal Concerns in the Healthcare Setting - Case Study

Fiscal Concerns in the Healthcare Setting - Case Study

Question

Written Assignment 2: Case Study

Fiscal Concerns in the Healthcare Setting - Case Study

Purpose/Overview:

With current con

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Fiscal Concerns in the Healthcare Setting - Case Study

Question

Written Assignment 2: Case Study

Fiscal Concerns in the Healthcare Setting - Case Study

Purpose/Overview:

With current constraints on healthcare budgets in hospitals, medical centers, and long term care
facilities, administration may call for tighter control as noted in this case study. Follow the
assignment guidelines and analyze the situation to answer the questions posed at the end of
the assignment paragraph.

Assignment due: Sunday 9 p.m. of Week 6 of the course

Guidelines for writing the paper:

1/5
 Use references for assistance in completing the assignment.

Use your text readings for support.

Do not include the case study scenario paragraphs in your paper.

The questions are to be answered in a narrative text using APA (6th edition) guidelines
for both the text and the references.

The maximum number of pages is six double-spaced, excluding the title page and
reference page.

Case Study:

You are the manager of a medical- surgical unit. Today is April 1st, and the fiscal year began on
July 1st. You work with a variable budget and have the opportunity to make changes to the
current budget based on variance. You cannot go over the total budgeted amount assigned to
you. Your budget is presented below.

Annual Budget Expended in Expended Year to Amount Remaining

March Date

Personnel 500,000 25,000 375,000 125,000

Overtime 50,000 20, 000 40,000 10,000

Supplies 18,000 1,800 16,500 1,500

Travel 1,000 0 300 700

2/5
Equipment 5,000 0 5,000 0

Staff education 1,000 200 600 400

Several factors that you must consider include:

1.

You have been told to decrease your overtime expenditure.

2.

Your unit has been designated as the unit to accept nursing home patients which will
increase the cost of supplies

3.

Your full-time night nurse has resigned and needs to be replaced

4.

You would like two nurses to attend a train the trainer workshop for a cost of $1000 each

Case Study Questions:

In a paper format determine the following:

1.

How you will address these requests based on the budget print out.

2.

What expenses can be deferred to the new fiscal year.

What budgeting area was your previous projections most accurate.

What budgeting area was your previous projections most inaccurate.

3/5
 Year to date variance for each category.

Factors that may have contributed to situations of being over budget as

determined by variance.

Steps that could be taken in the 4th quarter to adjust the budget.

Grading criteria for Assignment 2 Fiscal Concerns in the Health Care Setting

Answer the above questions by writing a narrative. The following points are awarded for these
areas:

Content Points

Addressing requests 20

Deferred expenses 20

Accuracy of projections and rationale 20

Calculating variance 10

Adjusting the budget 10

APA format; minimum of two professional 10

references

Grammar 10

Total 100
4/5
 Mentor’s tips:There may be several plausible explanations or answers. The most important thing
is that your answers are consistent within your paper, and that your numbers add up. Tables
may be helpful in this paper.

Use the Add submission button to submit your written assignment.

Fiscal Concerns in the Healthcare Setting - Case Study

Attachments
26511011.docx (29.16 KB)

Preview: you xxxxxxxxxxxx balance xxxx you earn xxx spend you xxx likely xx xxxxx more xxx
you will xxxx in the xxxxxxx then xxxxxxxx xxxx slowly xxxx result in xxx sinking into xxx ocean
xx xxxx Is xxxx the creation xx the Budget xx sufficient?No, xxx xxxxxxxx of xxx budget is xxx
just sufficient, xxxxxx control xxxxxxxx xxx monitoring xxxxx to be xxxx around the xxxx for
xxxxxxxx xxx budget xxx controlling the xxxxxxxxxxx Using realistic xxxxxx to xxxxxxxx xxx
spending xxx help you xxxx managing your xxxx term xxxxxxxxx xxxxxxxx Timely xxxxxxxxxxx
of the xxxxxxxx of the xxxxxx with xxx xxxxxx helps xx the efficient xxxxxxxxxx of the xxxxxxx
budget, xxx xxxxxxxxx from xxx budgeted expenditure xx an exceptional xxxxxxxxx should
xxxxxxx xxx approval xx the higher xxxxxxxxxx Budgets are xxxxxxx created xx xxx annual
xxxxx and the xxxxxx down a xxxxx to xxxxxxx xxx the xxxxxxxxxx perspective, in xxx large
companies xxx companies xxxxxxx xxxx the xxxxxxxxx planning analyst xx keep track xx the
xxxxxxx xxxxx in xxx smaller concerns xx is the xxxxxxxx owner xxx xxxxx track xx the Budget
xx a business xxxxxxx of xxxxxxxx xx the xxxxxxx case who xxx budgeted his xxxxxxxxxxxx
refer xxxxx xxx detailed xxxxxxx and explanation xxx the case xxxxxxxxxxxxx TypeAnnual
xxxxxxxxxxxxxx xx MarchExpended xxxx to Date xxxxx
March)BalanceAmountMonthlyBudget(1)Actual Monthly xxxxxxx till xxxxxxxxxxxxxx xxxxxxxx
Budget(3)Variance8 xxxxxx average Vs xxxxxxx budget(4)Mar Vs xxxxxxx Budget%(5)YTD
xxxxxxxxxxxxxxxxxxxx xxxxxx Average(7)Variance xxxx Annual Budget xxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
education1,0002006004008350-117-33-140%-40%133-50In the xxxxx table xx xxxx calculated
xxx following for xxx purpose of xxx analysisAverage xxxxxxx xxxxxxxx expenditureMonthly
xxxxxxxx expenditure (1) xxxxxx average expenditure xxxxx Feb’15 xxx xxxxxxxx absolute
xxx and percentage xxx Mar’15 actual xxxxxxxxxxx vs xxxxxxxx xxxxxxx expenses xxxxxxxx
absolute (4) xxx percentage (6) xx the x

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