had an occasion to address a senior group of doctors of Tamil Nadu Government. sharing the PPT which may be useful to those doctors uninitated in to finance
Clinical and non clinical departments in a hospital.
This slide includes description of specialty, super specialty, supportive and ancillary service departments
Location and layout of hospital, need of hospital to community,planning,factors and data required in planning,fundamentals and objectives,principles,different stages,equipment planning,icu design and layout,quality quantity and temperature and noise control in hospital,conclusion
IntroductionThe budgeting process is an attempt to estab.docxmariuse18nolet
Introduction
The budgeting process is an attempt to establish a set of realistic standards for operating a health care organization. The budget is a set of specific objectives for the year ahead. The finance system provides the cost and revenue data and sometimes assists with other measures.
Formulating a budget is the beginning of the process. Every budgeting system must contain provisions for preparing the budget and implementing a system. This system must include coordination, control, follow-up, and maintenance. An effective budget must be tailored to the organization’s specific needs. The budget must be comprehensible and attainable. There should be innovation and flexibility to meet unexpected occurrences.
A health care organization’s budget provides a fully detailed description of expected financial transactions, by accounting period, for at least an entire year. The review of future expectations is useful in making smooth progress toward financial goals.
The major parts of an annual budget address operational and financial planning needs. The operating budgets are made up of the following:
· Expenditure or cost budgets anticipated by reporting period and responsibility center: Costs are often identified as fixed, semi-variable, or variable. Anticipated volumes of demand or output are incorporated into cost budgets.
· Revenue budgets reflect the receipt of income from services rendered. Standard gross revenue accounting reports a profit increase to the responsibility center, creating an incentive for productive activity.
· Income and expense budgets consist of expected net income and expenses incurred by the organization.
· Financial budgets embrace the effects of the organization’s financial decisions. These plans include a budgeted balance sheet that shows the effects of planned operations and capital investments on assets, liabilities, and equities. The plans also include a cash budget that forecasts the flow of cash and other funds in the business.
· Cash budget is for cash planning and control, presenting expected cash inflow and outflow for a designated time period. The cash budget helps management keep cash balances in a reasonable relationship to needs. You must know how much cash will flow in and out of the organization. You must also have an idea when these will take place. The cash budget is primarily used to spotlight periods of too little or too much cash rather than for continual control.
· Capital budgets are lists of proposed capital expenditures and new or significantly revised programs, with the implications for the operating and cash budgets by period and responsibility center. The capital budgets include all anticipated expenditures for facilities and equipment and for sources of funds.
Cost accounting is the process of determining the full and incremental costs of providing services and goods to patients and customers. To determine the full cost of providing a service, you must ensure that all costs are in.
Clinical and non clinical departments in a hospital.
This slide includes description of specialty, super specialty, supportive and ancillary service departments
Location and layout of hospital, need of hospital to community,planning,factors and data required in planning,fundamentals and objectives,principles,different stages,equipment planning,icu design and layout,quality quantity and temperature and noise control in hospital,conclusion
IntroductionThe budgeting process is an attempt to estab.docxmariuse18nolet
Introduction
The budgeting process is an attempt to establish a set of realistic standards for operating a health care organization. The budget is a set of specific objectives for the year ahead. The finance system provides the cost and revenue data and sometimes assists with other measures.
Formulating a budget is the beginning of the process. Every budgeting system must contain provisions for preparing the budget and implementing a system. This system must include coordination, control, follow-up, and maintenance. An effective budget must be tailored to the organization’s specific needs. The budget must be comprehensible and attainable. There should be innovation and flexibility to meet unexpected occurrences.
A health care organization’s budget provides a fully detailed description of expected financial transactions, by accounting period, for at least an entire year. The review of future expectations is useful in making smooth progress toward financial goals.
The major parts of an annual budget address operational and financial planning needs. The operating budgets are made up of the following:
· Expenditure or cost budgets anticipated by reporting period and responsibility center: Costs are often identified as fixed, semi-variable, or variable. Anticipated volumes of demand or output are incorporated into cost budgets.
· Revenue budgets reflect the receipt of income from services rendered. Standard gross revenue accounting reports a profit increase to the responsibility center, creating an incentive for productive activity.
· Income and expense budgets consist of expected net income and expenses incurred by the organization.
· Financial budgets embrace the effects of the organization’s financial decisions. These plans include a budgeted balance sheet that shows the effects of planned operations and capital investments on assets, liabilities, and equities. The plans also include a cash budget that forecasts the flow of cash and other funds in the business.
· Cash budget is for cash planning and control, presenting expected cash inflow and outflow for a designated time period. The cash budget helps management keep cash balances in a reasonable relationship to needs. You must know how much cash will flow in and out of the organization. You must also have an idea when these will take place. The cash budget is primarily used to spotlight periods of too little or too much cash rather than for continual control.
· Capital budgets are lists of proposed capital expenditures and new or significantly revised programs, with the implications for the operating and cash budgets by period and responsibility center. The capital budgets include all anticipated expenditures for facilities and equipment and for sources of funds.
Cost accounting is the process of determining the full and incremental costs of providing services and goods to patients and customers. To determine the full cost of providing a service, you must ensure that all costs are in.
Pert, cpm and other tools of project management for intrapreneurs Dr. Trilok Kumar Jain
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
This is a Snapshot of the Budgeting Technique. I have successfully implemented this ZBB model in our company and got good result of multiplying the Profitability.
Operating BudgetBUDGET SAMPLECurrent YearNew Budget% DifferenceCommentsGROSS REVENUEOutpatient RevenueOffice visits1,000,000immunizations500,000Well Child Exams500,000Pregnancy Care300,000Diabetes education150,000Mammography2,500,000MRI5,000,000Total Gross Patient Services Revenue9,950,000EXPENSESSalariesMD$ 2,500,000MD salaries combinedRN$ 800,000RN salaries combinedLPN$ 350,000Nursing staff salaries combinedOther Staff$ 180,000Admin staff salaries combinedTotal Salary Expense$ 3,830,000SUPPLIESMedical Supplies485,000What is needed for the clinic to operate?Office Supplies265,000What is needed for the clinic to operate?Total Supplies750,000OTHER EXPENSESEquipment$ 250,000.00
Author: Author:
Equipment is 'never' and expense; Fixed assets are to be depreciated over a period of time.
For example, a building is a fixed assets; a vehicle is a fixed asset; a plane is a fixed asset; all of which are to be depreciated (Note: Chapter4 in Principles of Accounting I)Legal Fees$ 108,786Professional Fees152,288Utilities497,694Repairs and Maintenance506,984Equipment Lease183,509Is your capital budget item a lease?Insurance154,996What insurance is required for the practice?Bad Debt Expense80,000Uncollectable accountsTOTAL OTHER EXPENSES$ 1,934,257Total All Expenses$ 6,514,257Excess (Deficit) Revenues over Expenses$ 3,435,743
Capital BudgetCapital Budget SAMPLESpecific Department FY 20XXPROPOSED QUARTER OF PURCHASEITEM REQUESTEDPURPOSE / USEITEM COSTINSTALLATIONTOTAL COST1st2nd3rd4thExample:Floor ScrubberFacilities $ 6,000$ 1,000
Author: Author:
This is funny.
How do you install a floor scrubber? A floor Scrubber is not attached to real property; thus, the asset is not installed. Commercial floor scrubbers are just delivered with a set of instructions, just like one would buy a car.$ 7,000XFloor tile in EntryFacility upgrade$ 7,000$ 3,000$ 10,000XTOTALS$ 13,000$ - 0$ 4,000$ - 0$ 17,000Submitted by:Approved by:Date :Date :
Submission Feedback:
You have a good start here but significant improvement is needed. Please make sure you are reviewing all my materials and taking the time to watch my video and review the rubric. Please read the rubric description - several areas you included were not well defined and lacked context/detail related to the rubric description. Make sure you continue to make the connection between your project and the mission, vision, and values of the facility. This is very important when you approach your board – they want to know how it fits into the overall objectives of the organization. I have provided some detailed feedback above that I think your project could benefit from. Think about what questions an investor or board would ask from a financial and clinical perspective and then answer them. The key is to answer questions before they are asked. One of these questions is, "How long will it take to make my money back?"
Please review each criteria needing revision
Proposal: Or ...
Budget control and budget making techniques in a hospitalmeghadevgan3
budget control and budget making techniques in a hospital:
1.definition of budget
2.DIFFERENCE BETWEEN BUDGET, BUDGETING AND BUDGET CONTROL
3.THREE THINGS BUDGET NEEDS TO DO
4.PRINCIPLES OF GOOD BUDGETARY CONTROL
5.TYPES OF BUDGETS
6.BUDGET CONTROL
7.BUDGET COMMITTEE
8.STEPS IN THE BUDGETORY PROCESS
9.ROLE OF ADMINISTRATOR IN BUDGETING
10.BUDGETING TECHNIQUES
11.WHY BUDGETING IN HEALTH IS COMPLICATED?
These lecture slides, by Dr Sidra Arshad, offer a quick overview of physiological basis of a normal electrocardiogram.
Learning objectives:
1. Define an electrocardiogram (ECG) and electrocardiography
2. Describe how dipoles generated by the heart produce the waveforms of the ECG
3. Describe the components of a normal electrocardiogram of a typical bipolar leads (limb II)
4. Differentiate between intervals and segments
5. Enlist some common indications for obtaining an ECG
Study Resources:
1. Chapter 11, Guyton and Hall Textbook of Medical Physiology, 14th edition
2. Chapter 9, Human Physiology - From Cells to Systems, Lauralee Sherwood, 9th edition
3. Chapter 29, Ganong’s Review of Medical Physiology, 26th edition
4. Electrocardiogram, StatPearls - https://www.ncbi.nlm.nih.gov/books/NBK549803/
5. ECG in Medical Practice by ABM Abdullah, 4th edition
6. ECG Basics, http://www.nataliescasebook.com/tag/e-c-g-basics
Couples presenting to the infertility clinic- Do they really have infertility...Sujoy Dasgupta
Dr Sujoy Dasgupta presented the study on "Couples presenting to the infertility clinic- Do they really have infertility? – The unexplored stories of non-consummation" in the 13th Congress of the Asia Pacific Initiative on Reproduction (ASPIRE 2024) at Manila on 24 May, 2024.
Prix Galien International 2024 Forum ProgramLevi Shapiro
June 20, 2024, Prix Galien International and Jerusalem Ethics Forum in ROME. Detailed agenda including panels:
- ADVANCES IN CARDIOLOGY: A NEW PARADIGM IS COMING
- WOMEN’S HEALTH: FERTILITY PRESERVATION
- WHAT’S NEW IN THE TREATMENT OF INFECTIOUS,
ONCOLOGICAL AND INFLAMMATORY SKIN DISEASES?
- ARTIFICIAL INTELLIGENCE AND ETHICS
- GENE THERAPY
- BEYOND BORDERS: GLOBAL INITIATIVES FOR DEMOCRATIZING LIFE SCIENCE TECHNOLOGIES AND PROMOTING ACCESS TO HEALTHCARE
- ETHICAL CHALLENGES IN LIFE SCIENCES
- Prix Galien International Awards Ceremony
The prostate is an exocrine gland of the male mammalian reproductive system
It is a walnut-sized gland that forms part of the male reproductive system and is located in front of the rectum and just below the urinary bladder
Function is to store and secrete a clear, slightly alkaline fluid that constitutes 10-30% of the volume of the seminal fluid that along with the spermatozoa, constitutes semen
A healthy human prostate measures (4cm-vertical, by 3cm-horizontal, 2cm ant-post ).
It surrounds the urethra just below the urinary bladder. It has anterior, median, posterior and two lateral lobes
It’s work is regulated by androgens which are responsible for male sex characteristics
Generalised disease of the prostate due to hormonal derangement which leads to non malignant enlargement of the gland (increase in the number of epithelial cells and stromal tissue)to cause compression of the urethra leading to symptoms (LUTS
Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...VarunMahajani
Disruption of blood supply to lung alveoli due to blockage of one or more pulmonary blood vessels is called as Pulmonary thromboembolism. In this presentation we will discuss its causes, types and its management in depth.
ARTIFICIAL INTELLIGENCE IN HEALTHCARE.pdfAnujkumaranit
Artificial intelligence (AI) refers to the simulation of human intelligence processes by machines, especially computer systems. It encompasses tasks such as learning, reasoning, problem-solving, perception, and language understanding. AI technologies are revolutionizing various fields, from healthcare to finance, by enabling machines to perform tasks that typically require human intelligence.
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Financial budgeting for hospital
1. Presented ByPresented By
S. ManivannenS. Manivannen,, FCAFCA,,
Chartered AccountantChartered Accountant
Managing Director - Parama Health Care PrivateManaging Director - Parama Health Care Private
Limited.Limited.
3. What is financial Budgeting & whoWhat is financial Budgeting & who
does it ??does it ??
You think financial budgeting is prepared by
the finance Man? - No
Financial Budgeting gives the number values
to all the activities of a unit – Here health
care system.
The finance man puts the number value to
the activities that you plan to do.
4. Who should prepare BudgetsWho should prepare Budgets
Government Organizations
Private Enterprises &
The NGOs
Can spend
the money
allocated
Should keep some for admin and
spend the balance for the goals
Should generate
return on money
given and retain the
capital
5. Financial BudgetingFinancial Budgeting and whyand why
Each business or Service unit requires
resources to operate in order to achieve the
objective for which it is established
You as unit head are responsible for raising
funds and ensuring that the funds are used
efficiently.
6. The development of a sound hospital budget
is fast becoming a matter of paramount
importance in hospital administration.
Hospitals receiving grants, donations or
budgetary allocations
Financial BudgetingFinancial Budgeting- The need- The need
7. Hospital raising funds through equity or debt
All of you have to estimate your
requirements continuously
and check whether they are proceeding as
per the budgetary estimates.
Financial BudgetingFinancial Budgeting- The need- The need
8. When community medical centers run by
government are set up in a region and also
act as centers for excellence, the
management of such units should have a
good understanding of financial
management.
Financial BudgetingFinancial Budgeting- The need- The need
9. This is to ensure that the unfunded
healthcare needs are met through efficient
planning and utilization of the resources
established
The ever increasing healthcare cost makes it
essential to manage the financial resources
to get maximum service units for every rupee
spent
Financial BudgetingFinancial Budgeting- The need- The need
11. A mission statement with specific objective and
goals for the healthcare system under
consideration.
The goals must be in measurable units
Should be simple, direct and attainable
A strategic plan should be the basis of the
budget
THE PRINCIPLES INVOLVEDTHE PRINCIPLES INVOLVED
IN BUDGETINGIN BUDGETING
12. A plan to raise resources or modify specific
goals if the current financial resources or
allocations are not sufficient
This plan should relate to achieving the goals
– For example setting up one more cardiac
OT to meet increasing incidences of CABG
surgeries
THE PRINCIPLES INVOLVEDTHE PRINCIPLES INVOLVED
IN BUDGETINGIN BUDGETING
13. The budget should measure the current
financial performance
Internalize the budgeting process.
Financial budgeting is only a aggregation of
department wise budget prepared by each
department within the healthcare system.
THE PRINCIPLES INVOLVEDTHE PRINCIPLES INVOLVED
IN BUDGETINGIN BUDGETING
14. The financial budget should be based on the
operational numbers of each department.
It should be linked to operational budget
which should be derived from the marketing
budget.
Actual financial results must be compared with
the budgeted activities.
THE PRINCIPLES INVOLVEDTHE PRINCIPLES INVOLVED
IN BUDGETINGIN BUDGETING
15. Variance analysis must be made
Mid course correction must be initiated
Units must operate within the budget
Policies for all the activities must be
established
THE PRINCIPLES INVOLVEDTHE PRINCIPLES INVOLVED
IN BUDGETINGIN BUDGETING
16. All the units of the healthcare system should
comply with the policies and procedures
Each department or unit must evaluate the
financial consequences of any new activity is
started.
20. Conventional budget or incremental budget
is prepared on the previous year figures.
It assumes that whatever has happened in
the previous year will continue with some
changes.
It does not take in to account any changes in
the situation.
CONVENTIONAL BUDGET
21. Whatever amount spent last is assumed to
be sanctioned without analyzing whether it is
required.
Conventional budgeting is always out of sync
with the current happenings in the system.
CONVENTIONAL BUDGET
23. ZERO BASED BUDGETINGZERO BASED BUDGETING
Zero Based Budgeting Exercise
Zero-Based Budgeting is a technique of
planning and decision-making which
reverses the working process of traditional
budgeting.
24. In Traditional incremental budgeting,
departmental managers justify only increases
over the previous year budget and what has
been already spent is automatically
sanctioned.
No reference is made to the previous level of
expenditure.
ZERO BASED BUDGETINGZERO BASED BUDGETING
25. By contrast, in zero based budgeting, every
department function is reviewed
comprehensively and all expenditures must
be approved, rather than only increases.
This process requires the budget request
justified in complete detail by each program
starting from the Zero base.
ZERO BASED BUDGETINGZERO BASED BUDGETING
26. The Zero-base is indifferent to whether the
total budget is increasing or decreasing.
"With zero-based processing one can forget
about last year, assuming that the program is
brand new
and see if one can provide a detail of expenses
for what one would need to fully accomplish
the program.
27. This technique will help one to develop a
complete picture of what the program
actually needs to cost and not just what it has
been costing.”
In effect we create a clean slate. The analogy
we will use is if the hospital is was empty
today and we were told we had to start
operating it as a Hospital in six months.
28. INPUT OUTPUT METHOD
Break down the healthcare system in to a
set of activity center.
Medical Departments
Service Departments
Admin Department
29.
30. These are further classified in to final service
departments and intermediary service
departments
The departments which render services directly
to the patients are final service departments
Departments which provide service to the other
departments and not to the patients directly are
known as intermediary service departments.
INPUT OUTPUT METHOD
31. Healthcare system challenges this method of
classification since some departments earn
revenue directly as well as serve the other
departments.
The ideal way to solve this complexity is to
decide based on billable activities.
INPUT OUTPUT METHOD
32. Decide on the unit of service. It is also essential t
The ideal way to solve this complexity is to
decide based on billable activities or services
which directly reach the patients
INPUT OUTPUT METHOD
33. Cost of intermediary services are allocated
to direct services departments
The final services costs are matched with
the revenues
INPUT OUTPUT METHOD
34. INPUT OUTPUT METHOD
Medical Departments
Service Departments
Admin Department
Out Patient Departments
Ward
ICU, CCU, & NICU
Operation Theater
Pharmacy
Diagnostic & Radiology
Bio-Medical
Nursing
Purchase
EDP, HR
Maintenance
Marketing
Input=Investment/ExpensesInput=Investment/Expenses
35. Fees for servicesFees for services
RevenuesRevenues
Room RentRoom Rent
SurgeriesSurgeries
Investigation & ProcedureInvestigation & Procedure
PharmacyPharmacy
F & BF & B
38. Revenue Budgeting
Estimates of manpower cost, material
costs, overheads, financial cost and
estimation of working capital
CLASSIFICATION OF BUDGETSCLASSIFICATION OF BUDGETS
40. We need to estimate revenues and
expenses for every department under
following categories
Manpower
Material
Overheads
Technology
Finance
SOME MORE OBSERVATIONSSOME MORE OBSERVATIONS
41. Under each head mentioned above
Direct
Indirect
SOME MORE OBSERVATIONSSOME MORE OBSERVATIONS
42. Further classify in to
Fixed
Variable
And assess the capacity utilization of all
the elements of cost like material,
manpower, Overheads and technology
SOME MORE OBSERVATIONSSOME MORE OBSERVATIONS
44. SUMMARYSUMMARY
Need for Budgeting tool
Principles involved in budgeting exercise
Types and methodology – Conventional,
Zero based and Input-Output Method
45. Classification in to capital and revenue
budgeting
Time frame
Further estimation under manpower,
materials, overheads, technology and finance
Differentiating between fixed and variable
expenses
Estimation of capacity utilization
SUMMARYSUMMARY
46. The Importance of audit
Types of audit
Audit as a tool
Audit to give confidence to external agencies
like the government, donors and investors
including banks
Audit and its importance toAudit and its importance to
hospitalshospitals
48. What is audit ?What is audit ?
A study, linking management to
Administration,
operations,
finances.
10/02/201348
49. What is audit ?What is audit ?
review the work process,
Assess effective utilization of resources,
to fix accountability
to reduce risks in operations with proper
internal control.
10/02/201349
51. Use audit as a tool to monitor whether we are
deploying the resources properly or not
Audit as a tool should be used for improving the
systems in place
Audit as a tool should be used to control or reduce
cost
ConclusionConclusion
52. Thank you..,Thank you..,
Parama Healthcare P LtdParama Healthcare P Ltd
Email: smv@paramahealthcare.comEmail: smv@paramahealthcare.com