In the weeks after the Villa Health Board meeting, your department is facing a large staffing shortage
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Question:
In the weeks after the Villa Health Board meeting, your department is facing a large staffing shortage that has resulted in a significant increase in overtime costs. Your department needs to address the ensuing budget shortfall and share the plan with senior leadership.
Chosen department: Nephrology
Considering the scenario, make a brief for senior leadership that shares your initial steps for addressing the budget shortfall. In your brief, include the following:
- Explain which three financial statements or figures would likely reveal useful insights into the causes or solutions to the problem.
- Suggest three reasonable options for addressing the specified budget shortfall with details that would inform decision-making.
- Justify your choice of the best option by providing an effective analysis of its pros and cons.
- Provide reasonable and specific projections of how this action would impact the financial statements or figures you selected in the first bullet point.
- "Specific projections" should include the general magnitude and direction of changes and not necessarily specific numbers. Actual amounts are not necessary.
Related Book For
Introduction To Health Care Management
ISBN: 9781284081015
3rd Edition
Authors: Sharon B. Buchbinder, Nancy H. Shanks
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