Budget preparation and implementation are important tasks for any hospital pharmacy department. A budget involves developing a financial plan for the upcoming year that takes into account factors like maintenance, development, and strategic planning. It allows hospital administration and departments to comprehensively review services and compare actual results to standards. There are different types of budgets based on duration and division, including short term (2 years), long term (5-10 years), income accounts, expenditure accounts, and capital investment requests. Preparing the budget involves estimating income from things like prescriptions and costs for categories such as salaries, supplies, drugs, equipment, and miscellaneous expenses. Implementation of the approved budget considers requirements, funding availability, item utility, costs, and quantities.
Introduction to clinical pharmacy, Concept and Objectives of clinical pharmacy, Function and responsibilities of clinical pharmacist, Clinical Pharmacy services.
Introduction to clinical pharmacy, Concept and Objectives of clinical pharmacy, Function and responsibilities of clinical pharmacist, Clinical Pharmacy services.
Pharmacy and therapeutic committee, PTC, Organization of PTC, Functions of PTC, Automatic stop order, Emergency drug list, ADR and safety monitoring, Role of Pharmacy and therapeutic committee
REVIEWING THE CLINICIANS PRESCRIPTION AND TREATMENT PROGRESSION IS THE FUNDAMENTAL RESPONSIBILITY OF PHARMACIST. THIS PRESENTATION WILL DEAL WITH VARIOUS ASPECTS OF REVIEWING PATIENT DRUGTHERAPY PLAN
Function of community pharmacy, Organization and structure of retail and wholesale drug store, Legal requirement for establishment, Maintenance of records
A Ward round is a visit made by a medical practitioner, alone or with a team of health care professionals and medical students to hospital in-patients at their bedside to review and follow-up the progress in their health.
Usually at least one ward round is conducted
everyday to review the progress of each
patient outcome.
Pharmacist’s participating in medical ward
rounds promotes health care
Participation of the Pharmacists in ward
rounds in various practice settings helps to
provide rational drug use.
Introduction to daily activities of clinical pharmacist.
Drug therapy monitoring,
Medication chart review
Clinical Progress
Pharmacist intervention
Detection and management of ADRs
Pharmacy and therapeutic committee, PTC, Organization of PTC, Functions of PTC, Automatic stop order, Emergency drug list, ADR and safety monitoring, Role of Pharmacy and therapeutic committee
REVIEWING THE CLINICIANS PRESCRIPTION AND TREATMENT PROGRESSION IS THE FUNDAMENTAL RESPONSIBILITY OF PHARMACIST. THIS PRESENTATION WILL DEAL WITH VARIOUS ASPECTS OF REVIEWING PATIENT DRUGTHERAPY PLAN
Function of community pharmacy, Organization and structure of retail and wholesale drug store, Legal requirement for establishment, Maintenance of records
A Ward round is a visit made by a medical practitioner, alone or with a team of health care professionals and medical students to hospital in-patients at their bedside to review and follow-up the progress in their health.
Usually at least one ward round is conducted
everyday to review the progress of each
patient outcome.
Pharmacist’s participating in medical ward
rounds promotes health care
Participation of the Pharmacists in ward
rounds in various practice settings helps to
provide rational drug use.
Introduction to daily activities of clinical pharmacist.
Drug therapy monitoring,
Medication chart review
Clinical Progress
Pharmacist intervention
Detection and management of ADRs
Introduction Budgeting is the heart of administrative management.
It serves as a powerful tool of coordination and negatively an effective device for eliminating duplication and wastage.
The main attributes of fiscal planning are as follows:-
It is a form of a financial business plan
It is run on a fiscal year rather than a calendar year.
It helps to mitigate some of the business tax liabilities.
Help with small business accounting.
Definition: A budget is an estimation of future needs arranged according to orderly basis covering some or all activities of an enterprise for a definite period of time.
-According to TN Chhabra
A budget may be a simple plan of ones personal finances, or it may be a complex document used by large organization.
Purposes of budget : Budget supplies the mechanism for translating fiscal objective into projected monthly spending pattern.
Budget enhance fiscal planning and decision making.
Budget clearly recognizes controllable and uncontrollable cost areas.
Budget offers a useful format for communication fiscal objectives.
Budget allows feedback of utilization of budget.
Budget helps to identify problem areas and facilitates effective solution
Budget provides means for measuring and recording financial success with the objectives of the organization.
Principles of Budget:1. Budget should provide sound financial management by focusing on requirement of the organization
2. Budget should focus on objectives and policies of the organization. It must flow from objectives and give realistic expression to the way of realizing such objectives.
3. Budget should ensure the most effective use of scarce financial and non financial resources.
4. Budget requires that programme activities planned in advance
5. Budgetary process requires consistent delegation for which fixed duties and responsibilities are required to be allocated to managers at different level for framing and executing budget
6. Budgeting should include coordinating efforts of various departments establishing frame of reference for managerial decisions, and providing a criterion for evaluating managerial performance.
7. Setting budget target requires an adequate checks and balance against the adoption of too high or too low estimate. Utmost care is a must for fixing targets.
8. Budget period must be appropriate to the nature of business or service and to the type of budget.
9. Budget is prepared under the direction and supervision of the administrator or finance officer.
10. Budget is to be prepared and interpreted consistently throughout the organization in the communication of planning process.
11. Budget necessitates a review of the performance of the previous year and an evaluation of its adequacy both in quantity and quality.
12. While developing a budget, the provision should be made for its flexibility. STEPS IN BUDGETING: COLLECTION OF PAST DATA
ASSESS SUCCESS AND FAIL
Budget - Hospital Budget - Unit: 4 (a) Ravinandan A PRavinandan A P
Budget is an instrument through which hospital administration, management at the departmental levels, and the governing board can review the hospital services in relation to a prepared plan in a comprehensive and integrated form expressed in financial terms
A budget is a plan of activities to be carried out in the future for a specific period in the financial term.
Budgets are a multi-purpose management tool supporting planning, control, co-ordination, communication, performance evaluation, and motivation.
Budget is used to project future income and expenses.
Unit 3 of B pharm..Sem 6th Herbal cosmetics ,market overview, sources of description of raw material of herbal ,waxes,gum colour, perfume, protective agent , bleaching agent, preservatives
Pharmaceutical biotechnology ..in that different blotting techniques such as ELISA , western blotting and southern blotting.There applications and their advantage and disadvantage with their diagrams
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Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
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2. Budget preparation and its implementation are one of the important tasks of the pharmacy
department of any hospital. It requires several factors into consideration like planning & strategy
for maintenance and development etc. The word budget means the financial plan of a hospital for
the period of a year. Budget is a quantity of plan of action and aid to the coordination and
implementation of plan.
3. DEFINITION:- Budget is described as an instrument through which hospital
administration,
management at the department levels and the governing bodies can review the
hospital services
in relationship to the prepared plan in a comprehensive and integrated form
expressed in
financial terms.
4. OBJECTIVES
• a) Development of standards
• b) Comparison of actual results with standards
• c) Identification of deviation or fluctuation
• d) Analysis of deviation
• e) The responsible person will use the budget
• f) Details to determine whether the proposal is economically feasible and realistic.
• g) To monitor the hospital financial activities.
• h) Estimate the cost of completing objectives identified in the proposal.
5. ADVANTAGES OF PLANNING THE BUDGET:
• a) Develop better financial planning.
• b) Gives a better focus on decision making to the management.
• c) Effectively manage the financial aspects of the hospital
• d) Exposes the reasons of over expenditure
• e) Helps to focus on hospital priorities
• f) Enhance efficiency of staffs and others
6. TYPES OF BUDGET PREPARATION:
• Based on the duration of budget, it can be divided in to:
• Short term budget (2 years)
• Long term budget (5 - 10 years)
• DIVISION OF BUDGETS:
• 1. Income accounts or revenue accounts
• 2. Expenditure accounts
• 3. Asking for capital investments
7. INCOME ACCOUNTS OR REVENUE ACCOUNTS
• 1. Total income must be calculated for the implementation of the budget.
• 2. Pharmacy department or accounts department maintains daily, weekly, monthly & annual
• cost of the pharmaceuticals issued to the patient services.
• 3. The other statistics includes:
• No of prescriptions
• No of prescriptions dispensed by each pharmacist
• Hours of work put in
• Prescription volume per hour of service
• Medication cost per patient day
• Average drug cost per clinic visit
• Average salary cost per prescription
• Average supply cost per requisition
8. EXPENDITURE ACCOUNTS:
• 1. Administrative and general expenses.
• 2. Professional care of the patients.
• 3. Out-patients and emergency expenses.
• 4. Miscellaneous expenses.
9. THE EXPENDITURE ACCOUNTS INCLUDE THE
FOLLOWING CATEGORIES
• 1. Salaries and wages
• 2. Supplies and materials
• 3. Drugs and pharmaceutical expenses
• 4. Purchase expense
• 5. Equipment and construction budget
• 6. Miscellaneous supplies and expenses.
10. • 1. Salaries and wages
• Salaries and wages include complete break-up of all salaries and wages paid to
permanent and
• temporary staff (Full-time and Part-time).
• The chart should be prepared in tabular form so as to give an overall view at a glance.
• The Chief Pharmacist/Administrator should sub-divide the staff into three important
categories
• like administration, professional and non-professional staff. The total of all three
expenses
• constitutes the anticipated salary and wages, expenditure for next year.
11. • 2. Expenses of supplies & materials:
• 1. Chief pharmacist or the responsible person should prepare the financial statement
• Regarding the requirement of amount in rupees for supplies and materials with the
help of the
• latest financial budget.
• 2. Necessary to show the actual cost of the materials.
• 3. If the budgeted figure and the previous figure was the same then the previously
prepared budget was well prepared.
12. • 3. Drugs and pharmaceuticals:
• Preparations are categorized as those dispensed by hospital pharmacy or those
used in the OPD,
• emergency and other departments.
• 4. Purchase expense:
• It includes the cost of prescriptions purchased from an outside pharmacy.
13. • 5. Equipment and construction budget:
• In hospital always a separate budget is prepared for equipments and for construction because it
• requires major monetary funds. While preparing budget for machinery, equipments both
• professional and administration take depreciation values into consideration. Therefore, budget
• for immediate arrangements of a new model equipment and budget for remodeling and
• replacement of equipment are considered.
• 6. Miscellaneous supplies and expenses.
• Miscellaneous supplies and expenses include glasswares, labels, stationary, uniform, repair and
• maintenance etc. In practice, there should be a close liaison between the Chief Pharmacist and
• accounts department for maintenance of statistical data.
14. IMPLEMENTATION OF BUDGET
• It includes the following parameters
• 1. Requirement of different departments
• 2. Actual fund position
• 3. Utility of particular item
• 4. Cost of products
• 5. Quantity of product
15. FACTORS AFFECTING BUDGET
• Local conditions and compulsion
• •Management policy
• •Confidence of higher authorities
• •Ability of higher authorities