What steps would you take to investigate why this happened and how to correct the issue?

What steps would you take to investigate why this happened and how to correct the issue?

TAMEKA

It is incredible what we learn through weekly class discussions and from each other’s posts and how applicable it is to our careers. Often managers speak about budget, staffing, supplies, and resources, and from this week’s readings, this writer has learned other importances of budgeting for businesses. Budgets help organizations control spending, determine priorities, plan for future growth, plan for the unexpected decline, plan for large capital expenditure and identify new investment opportunities (Biermeier, 2016). In healthcare, budgets are essential to reporting activities and resources used and have three primary functions planning, reporting, and managing (Penner, 2017). Managers use operating budgets to help evaluate how well a unit or organization is doing with its income and expenses. “Operating budgets are used in the day-to-day management of health settings” (Penner, 2017). Adequate resources, whether human or physical, are needed to provide safe and efficient care, which can affect a unit’s operating budget.

A manager or leader must not turn a blind eye when there is an over-the-budget of medical supplies or when costs exceed revenues. There must be some investigation or evaluation of why this has happened to solve or correct the issue. Overbudgeting can negatively impact patient outcomes, departmental outcomes, and the department’s staff. Several steps can be used to investigate a department’s overbudgeting. A manager should evaluate if the overbudget is due to internal factors such as waste of resources, increased patient count, or external factors such as increased medical supplies. Review reports and the budget to ensure there is no error on the part of the manager. Communicate budget issues with staff and reinforce the importance of staying within budget; communication is a great way to get staff involved in action plans, feedback and to help problem-solve any departmental issues. Monitoring staff adherence to planned budget; helps identify as soon as possible if there will be an issue with overbudgeting so the problem can be addressed promptly to avoid more significant problems in the future (Walsh, 2016). Managers must do a budget investigation to determine the root cause of budget problems and consider variances and supply chain management (Penner, 2017). Proper budgeting and keeping within budget limits can make or break a unit’s or an organization’s optimal functioning and overall outcomes.

Important information for writing discussion questions and participation

Welcome to class

Hello class and welcome to the class and I will be your instructor for this course. This is a -week course and requires a lot of time commitment, organization, and a high level of dedication. Please use the class syllabus to guide you through all the assignments required for the course. I have also attached the classroom policies to this announcement to know your expectations for this course. Please review this document carefully and ask me any questions if you do. You could email me at any time or send me a message via the “message” icon in halo if you need to contact me. I check my email regularly, so you should get a response within 24 hours. If you have not heard from me within 24 hours and need to contact me urgently, please send a follow up text to

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What steps would you take to investigate why this happened and how to correct the issue?

If you think you would be needing accommodations due to any reasons, please contact the appropriate department to request accommodations.

Plagiarism is highly prohibited. Please ensure you are citing your sources correctly using APA 7th edition. All assignments including discussion posts should be formatted in APA with the appropriate spacing, font, margin, and indents. Any papers not well formatted would be returned back to you, hence, I advise you review APA formatting style. I have attached a sample paper in APA format and will also post sample discussion responses in subsequent announcements.

Your initial discussion post should be a minimum of 200 words and response posts should be a minimum of 150 words. Be advised that I grade based on quality and not necessarily the number of words you post. A minimum of TWO references should be used for your initial post. For your response post, you do not need references as personal experiences would count as response posts. If you however cite anything from the literature for your response post, it is required that you cite your reference. You should include a minimum of THREE references for papers in this course. Please note that references should be no more than 5 years old except recommended as a resource for the class. Furthermore, for each discussion board question, you need ONE initial substantive response and TWO substantive responses to either your classmates or your instructor for a total of THREE responses. There are TWO discussion questions each week, hence, you need a total minimum of SIX discussion posts for each week. I usually post a discussion question each week. You could also respond to these as it would count towards your required SIX discussion posts for the week.

I understand this is a lot of information to cover in 5 weeks, however, the Bible says in Philippians 4:13 that we can do all things through Christ that strengthens us. Even in times like this, we are encouraged by God’s word that we have that ability in us to succeed with His strength. I pray that each and every one of you receives strength for this course and life generally as we navigate through this pandemic that is shaking our world today. Relax and enjoy the course!

Hi Class,

Please read through the following information on writing a Discussion question response and participation posts.

Contact me if you have any questions.

Important information on Writing a Discussion Question

• Your response needs to be a minimum of 150 words (not including your list of references)
• There needs to be at least TWO references with ONE being a peer reviewed professional journal article.
• Include in-text citations in your response
• Do not include quotes—instead summarize and paraphrase the information
• Follow APA-7th edition
• Points will be deducted if the above is not followed

Participation –replies to your classmates or instructor

• A minimum of 6 responses per week, on at least 3 days of the week.
• Each response needs at least ONE reference with citations—best if it is a peer reviewed journal article
• Each response needs to be at least 75 words in length (does not include your list of references)
• Responses need to be substantive by bringing information to the discussion or further enhance the discussion. Responses of “I agree” or “great post” does not count for the word count.
• Follow APA 7th edition
• Points will be deducted if the above is not followed

• Remember to use and follow APA-7th edition for all weekly assignments, discussion questions, and participation points.
• Here are some helpful links
• The is a great resource

References

Biermeier, C. (2016). The importance of having a budget. 

Penner, S. J. (2017). Economics and Financial Management for Nurses and Nurse Leaders (3rd ed.). Springer Publishing Company. ISBN: 978-0-8261-6001-0

Wlsh, K. (2016). Managing a budget in healthcare professional education. Annals of Medical and Health Sciences Research, 6(2), 71-73.