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After your monthly review of your unit\’s operational budget, you find you are over your budget for medical supplies

 

Discussion Questions

1.1. Operational Budget 

Every healthcare organization conducts annual or semi-annual budgeting processes. Operational budgets are important in determining the financial requirements of every process. All equipment and all the activities used in the healthcare system have to be budgeted for. Medical expenses often form a critical part of the monthly budget. Effective budgeting processes ought to be considered to ensure that there is no over budgeting or under budgeting. However, in some cases, this may not be the case, given numerous factors that ought to be considered. Over budgeting is common in different healthcare units due to changes in the operational expenses that may change due to the prevailing economic conditions (Kim et al., 2019). Also, a shift or changes in the healthcare practices may lead to over budgeting processes. The increase in the demand for quality healthcare services may lead to overbudgeting due to the demand for different efficient equipment.

In cases there is an overbudgeting for the medical supplies, several steps can be taken to investigate why this has happened. First, the changes in the prices of medical supplies may be considered. Secondly, there is the need to determine the changes in the demands of healthcare equipment or facilities. Overbudgeting may be determined by the overall increase in healthcare costs or the wastages that may have been recorded (Zhang & Yang, 2020). Correcting the issue of overbudgeting is important in reducing the wastages and ensuring that each department operates within its means.

One of the ways of correcting issues over budgeting for the medical supplies is ensuring wastages of the medical equipment. Also, considering the priorities in the budgeting process is necessary for reducing the wastages, which can lead to an over budgeting process.

 

References

Kim, H., Yoon, W., & Zurlo, K. A. (2019). Health shocks, out‐of‐pocket medical expenses, and consumer debt among middle‐aged and older Americans. Journal of Consumer Affairs46(3), 357-380. https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1745-6606.2012.01236.x

Zhang, X., & Yang, S. (2020). Analysis of medical expenses of inpatients with diabetes: China’s Eastern, Central, and Western regions (2013–2015). Public Health185, 167-173. https://www.sciencedirect.com/science/article/abs/pii/S0033350620301165

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After your monthly review of your units operational budget you find you are over your budget for medical supplies

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Important information for writing discussion questions and participation

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Hello class and welcome to the class and I will be your instructor for this course. This is a -week course and requires a lot of time commitment, organization, and a high level of dedication. Please use the class syllabus to guide you through all the assignments required for the course. I have also attached the classroom policies to this announcement to know your expectations for this course. Please review this document carefully and ask me any questions if you do. You could email me at any time or send me a message via the “message” icon in halo if you need to contact me. I check my email regularly, so you should get a response within 24 hours. If you have not heard from me within 24 hours and need to contact me urgently, please send a follow up text to

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Your initial discussion post should be a minimum of 200 words and response posts should be a minimum of 150 words. Be advised that I grade based on quality and not necessarily the number of words you post. A minimum of TWO references should be used for your initial post. For your response post, you do not need references as personal experiences would count as response posts. If you however cite anything from the literature for your response post, it is required that you cite your reference. You should include a minimum of THREE references for papers in this course. Please note that references should be no more than 5 years old except recommended as a resource for the class. Furthermore, for each discussion board question, you need ONE initial substantive response and TWO substantive responses to either your classmates or your instructor for a total of THREE responses. There are TWO discussion questions each week, hence, you need a total minimum of SIX discussion posts for each week. I usually post a discussion question each week. You could also respond to these as it would count towards your required SIX discussion posts for the week.

I understand this is a lot of information to cover in 5 weeks, however, the Bible says in Philippians 4:13 that we can do all things through Christ that strengthens us. Even in times like this, we are encouraged by God’s word that we have that ability in us to succeed with His strength. I pray that each and every one of you receives strength for this course and life generally as we navigate through this pandemic that is shaking our world today. Relax and enjoy the course!

Hi Class,

Please read through the following information on writing a Discussion question response and participation posts.

Contact me if you have any questions.

Important information on Writing a Discussion Question

  • Your response needs to be a minimum of 150 words (not including your list of references)
  • There needs to be at least TWO references with ONE being a peer reviewed professional journal article.
  • Include in-text citations in your response
  • Do not include quotes—instead summarize and paraphrase the information
  • Follow APA-7th edition
  • Points will be deducted if the above is not followed

Participation –replies to your classmates or instructor

  • A minimum of 6 responses per week, on at least 3 days of the week.
  • Each response needs at least ONE reference with citations—best if it is a peer reviewed journal article
  • Each response needs to be at least 75 words in length (does not include your list of references)
  • Responses need to be substantive by bringing information to the discussion or further enhance the discussion. Responses of “I agree” or “great post” does not count for the word count.
  • Follow APA 7th edition
  • Points will be deducted if the above is not followed
  • Remember to use and follow APA-7th edition for all weekly assignments, discussion questions, and participation points.
  • Here are some helpful links
  • Student paper example
  • Citing Sources
  • The Writing Center is a great resource