Fiscal Management in an Intensive Care Unit Case Study by Quality Writers

Fiscal Management in an Intensive Care Unit
This paper is a case study demonstrating fiscal management through variance analysis for an intensive care unit.
# 101465 | 1,455 words | 5 sources | APA | 2007 | US


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Description:

This paper explains that, currently, major activities need to be taken into consideration so that the budget for the intensive care unit can be reconfigured or some activities can be deferred to the new fiscal year. The author relates that issues relating to safety standards and staff education increase overall productivity, which improves the quality of care within the intensive care unit. The paper points out that next fiscal year budget should have personnel divided by functionality to make budget allocations indicative of different staffing activities. The author suggests that, in an intensive care unit, it is imperative that supplies are kept in stock or there can be serious legal and financial implications; therefore, there should always be padding for this area provided in the budget. The paper includes a variance table showing the current reallocation of the budget, which addresses the important factors within the intensive care unit without increasing the budget.

Table of Contents
Expenses
Conference on High Risk Medications
High Risk Medications
"Smart Pumps"
Supplies Expenses
Personnel Budget
Table 1: Reallocation Process: Intensive Care Unit Budget Adjustment
Major Fiscal Concerns and Recommendations
Table 2: Variance Analysis

From the Paper:

"The traveling or staff education budget will not allow the all three nurse to attend the seminar this fiscal year, since the budget remaining in these categories is $700 and $400 respectively. However, one of the nurses can be registered for the conference this year (and take advantage of the $200 registration fee), while the other the attendance of the other two nurses get deferred to the new fiscal year. This decision was based on the nature of the seminar, and the fact that the nurse's attendance will possibly have a 'spillover' effect and create a positive externality within other sectors of the intensive care unit via."

Sample of Sources Used:

  • American Academy of Physical Medicine and Rehabilitation (n.d.). New JCAHO Goals Aim to Improve Patient Safety. http://www.aapmr.org/hpl/pracguide/jcaho.htm
  • Grissinger, Matthew (2006). "Smart" Infusion Pumps Join CPOE and Bar Coding as Ways to Prevent Medical Errors. P&T Community. Volume 31, No. 10, pp 563-562.
  • Reeves, Jerry (2003). "Smart Pump" Technology Reduces Error. http://www.apsf.org/resource_center/newsletter/2003/spring/smartpump.htm
  • Miller, Marilyn (1996). Behind the Scenes at the Hospital. Austin, Texas: Raintree Steck-Vaughn
  • Mohnseen, Steven (2001). The Intensive Care Unit: What Every Family Needs to Know. San Francisco, Robert Reed Publishers.

Cite this Case Study:

APA Format

Fiscal Management in an Intensive Care Unit (2008, February 26) Retrieved February 02, 2023, from https://www.academon.com/case-study/fiscal-management-in-an-intensive-care-unit-101465/

MLA Format

"Fiscal Management in an Intensive Care Unit" 26 February 2008. Web. 02 February. 2023. <https://www.academon.com/case-study/fiscal-management-in-an-intensive-care-unit-101465/>

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