Health Organization 's Core Values With The Budget Process Within The Organization

The superior act of living an effective life lies in the pursuit of excellent vision, to move from where we are to where we ought to be, either as a person or as an organization. A health care leader must motivate the organizational team, find how to work with the associates to effectively dedicate their time and energy to achieve the identified goals and objectives through the established vision. The team members need to buy into the vision, where they are currently doing what the leader envisions, the leader must encourage them, keep them on track and set standards for the team by setting goals and objective, flowing from the vision. This will enable the leader to move the health care organization to the expected performance level within the set time period. The leader must ensure that individual responsibilities of the associates are identified, motivated and resources provided to achieve the identified goals. To pursue the vision, I will lead the development of the health care organization’s strategic alignment of clear goals and objectives, to preserve the core mission and encourage progress toward the envisioned future state. Also, I will encourage and provide the direction for the organization without hindering the development of the goals that we expect to accomplish.

According to Yoder-Wise, (2015), healthcare organizations are service institutions, and the largest part of their operating budget typically is for personnel. Therefore, staffing and supply management are areas that are affected in cost management. The knowledge of fixed cost such as rental fee, salaries, and variable cost such as supplies and medication is essential in the allocation of funds for cost effective operations. All these aspects of budgets are interrelated with a goal of maintaining cost effective budget for each unit.

Budgets should not be a managers task only. The whole organization should be involved in the budgeting process.

Financial management in healthcare is the class I am taking as part of my bachelor’s degree. I am required to write a report on the budget of the department I work at. Attached spreadsheet shows what information I need. I will be grateful, if you can provide some information about current budget. I understand you are very busy, whatever you can provide will be a big help.

Artifact 3 is roles and functions in planning today’s nurse leader-managers job. This artifact debated the leader-manager’s position in financial resources planning and their effective distribution. Transforming the health care system goes along to understand cost structure, the budget rebuilding, why cost structure demands improved hospital outcomes, and increase revenue in organizations. Good planning such as timely discharge from hospital, no abusive services charges, re-admissions, prices of supplies, staff services, equity, reduce costs and increase revenue in a health care facility is the leader-manager focus. Additionally, the patient understanding about coinsurance, deductible, and co-payments, coverage and their payment responsibilities

As the financial manager of the healthcare organization, I will review my management view and the specifics that are associated. I will delve into the stewardship components of my view as well. I will accumulate records for the financial operations of the organization and delve specifically into what those pieces are and how I would use those. I will explain the tools that I would utilize in order to explain the financial documents. And lastly, I will delve into the process I would follow for borrowing money from a bank in order to fund my organization and the management decisions that would be incorporated.

The first thing is to build a plan I can Execute because it is hard for a proposal to succeed in delivering the desired results. The strategic planning process is important in providing detailed increments in achieving goals in stages. And successfully implementing resources at different stages in order to fully reach the desired goal. Making sure that all parties understand their roles. The strategy is all about marketing and how to present the package to others in a cohesive appealing way, which will minimize resistance and barriers. Place key players in the best position possible, engaging in a strategic patient care plan.

Different systems in healthcare dictate the quality of services available to their respective clients. One of the common systems in medical practice is the primary healthcare delivery. This system is comprised of primary care institutions, nursing homes, hospitals, and intensive care units. Within the primary healthcare system, different professionals use their managerial competencies and skills in order to ensure quality services are available to the targeted patients. A wide range of policies in healthcare have emerged in order to ensure more people receive quality medical support (Ratnapalan & Uleryk, 2014). In order to ensure this goal is realized, management has become a powerful policy agenda in the primary healthcare setting. The term “health system” refers to the organization of institutions, resources, and professionals that offer sustainable services to support the medical needs of the target population. This definition explains why there are numerous types of health systems. For instance, the nature of laws and care delivery models in a given nation define its healthcare system. This discussion focuses on the issue of leadership within the realm of management and its role in the changing healthcare environment.

Health care managers are responsible for many areas within their hospital such as planning, directing, and coordinating departments. Budgeting and finance is also a skill of health care manager’s, if their hospital and practitioners are not preventing medical errors, and not providing good quality of care the budget could be affected and create a financial hardship on the hospital. Since the enactment of the PPACA in 2010 Medicare will no longer reimburse for preventable medical issues and will impose financial penalties on hospitals. Health care managers want to ensure their hospital is profitable, runs smoothly and is

The strategic planning process for this project includes the following steps: development of a plan on the stipulated expansion of the already existing cardiac care units from the already existing 30-bed; conduction of a survey to determine the number of potential cardiac patients within the surroundings of the community hospital; review of the previous plan which involves establishment of a 30-bed medical surgical unit to establish if it was adequate; conducting a SWOT meeting to determine the strengths, weaknesses, opportunities and threats of the proposed

Financial issues in the healthcare industry are a significant problem, and there is a need for organizations to take the appropriate approach in resolving their financial status. One problem that smaller organizations face is the limitation in the budget, which restricts their ability to invest in a large range of resources. Additionally, the problem further enhances by the preference of patients to visit bigger institutions that have different benefits, numerous services, and higher quality services. In essence, larger organizations have an advantage of a larger budget that allows investment in the service provision. Hence, there is a need for an accounting department that analyzes the expenditure of the

Top-down budgeting is the preferred method of budgeting for government agencies and many organizations (Ljungham). The methodology of top-down budgeting is described in Towards a Metatheory of Budgeting, as “dominated by top members of the executive branch and the legislative branch” (Williams & Calabrese, 2011, 178). The methodology entrusts top members to make annual budgeting decisions for their organizations. In many instances, top members also use this time to set annual program or department goals and targets. Top members make these decisions without solicitation of input from bottom levels of an organization. This can result in operational and logistical constraints in the lower levels of an organization when plans are implemented (Williams & Calabrese, 2011). Additionally, it can serve as a source of frustration for staff when uninformed budgeting decisions create consequences. This is particularly true when staff is tasked with making things work in the aftermath of budgeting decisions, despite having clear or attainable goals and budgets. Like all budgeting methodologies, there are benefits and difficulties.

Budgeting is one of the most important parts of the project planning process. Projects that come in at or under budget when completed depends on it. Poor planning will lead to budget crisis - where the project could end up costing double or triple times the budget and delay the opening of a facility or business by that same token; time is money. As Dr. Pace mentions, had the planners of the Irwin Army Community Hospital paid attention to the budget planning, the sponsor might have realized the short comings of that project (G. Pace, personal communication, December 3, 2015). Therefore, budgeting is the most important out of planning projects. Bottom line, the customers already know what they want to do and about a ball park figure of what

It is possible that managers will set budgets which are not in line with the organization’s strategy as lower-level managers lack strategic focus. Moreover, lower-level managers may have difficulties to set up the budget because their budget may depend on the forecasts of other departments as for example, the cost of production may depend on the scale of production which has to be estimated by the sales department. Furthermore, employees need to be trained in setting up budgets and there needs to be someone who controls the submission of all budgets at a specified time. In this respect, absences and changes in position may become a challenge when conducting a bottom-up budgeting method.

In this research paper I will be explaining the importance of an organization having a pre-planned budget. Without the proper budgeting systems most organizations probably would end up spending more than their means which could ultimately cause a great amount of hardship. First let me start off by defining what a budget is, a budget can be defined as” the process of creating a plan to spend an organization or individual’s money. “ (Peavler, 2016)