Essay on "Healthcare Budgetary Decision Making"
Essay 2 pages (638 words) Sources: 2
[EXCERPT] . . . .
, 2010). Making staff members aware of priorities within the healthcare setting and how budgetary concerns can be addressed by adhering to these priorities could lend to a more cohesive group dynamic, in which employees at all levels are on the same page and making decisions directed towards the achievement of similar goals.Effective decision making within healthcare institutions should have managerial direction, but also involve group process in which the manager delegates in a downward fashion detailed decision making processes (Burleson, 1984). Burleson (1984) describes how effective management structures may be described as pyramid shaped, where responsible leadership is present at each organizational level, group decision making reflects management philosophy in order to effectively bring budgetary and patient care objectives and goals into reality. Furthermore, the importance of competent, responsible leadership is key to effective organizational decision making involving groups of people in the healthcare environment (Burleson, 1984).
Technology advances through software development may aid managers in more effective decision making in regards to budget planning. Xie et al. (2005) created a software tool that can be utilized for effective budgetary planning for long-term care. This tool forecasted costs involved in the maintenance of a group of elderly individuals in long-term care. This was achieved through the combination of care costs with a survival model for long-term care residents (Xie et al., 2005). The researchers determined that his software provided valuable information on behaviors of long-term care residents that impacted decision making processes involvi
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References
Burleson, G. (1984). Management, budgeting and the use of resources -- a private sector review. Hospital and Health Services Review, 80(3), 124-5.
Sibbald, S.L., Gibson, J.L., Singer, P.A., Upshur, R., Martin, D.K. (2010). Evaluating priority setting success in healthcare: a pilot study. BMC Health Services Research, 10, 131.
Xie, H., Chaussalet, T., Toffa, S., Crowther, P. (2005). A software tool to aid budget planning for… READ MORE
Quoted Instructions for "Healthcare Budgetary Decision Making" Assignment:
“Scenario 1: Budgetary concerns are an issue across all industries, including health care. A health care organization notices increasing costs in staffing and overhead, such as capital and supplies. The health care organization must determine how to reduce costs while not compromising patient care and safety.
paper that describes decision making in the workplace. Remember that you are not making the decision for these scenarios.
Include the following in your paper:
· Describe two decision-making approaches managers can use to make the decision for the scenario you selected.
· Explain why this decision is better made by a group rather than by an individual. Discuss the advantages and disadvantages of the group decision-making process for this scenario.
Format your paper consistent with APA guidelines.
How to Reference "Healthcare Budgetary Decision Making" Essay in a Bibliography
“Healthcare Budgetary Decision Making.” A1-TermPaper.com, 2011, https://www.a1-termpaper.com/topics/essay/healthcare-budgetary-decision-making/5097970. Accessed 6 Jul 2024.
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