Improving Patient Flow and Reducing Emergency Department Crowding (Research Paper Sample)

Improving Patient Flow and Reducing Emergency Department Crowding: A Guide for Hospitals
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Improving Patient Flow and Reducing Emergency Department Crowding: A Guide for Hospitals
Introduction
Planning and resource allocation are imperative for the success of any institution. For hospitals, the administrators must take precaution while making capital budgeting decisions since they affect the quality of health care. Notably, the rapid increase in medical expenditure pose a risk to the feasibility of the projects that a health care facility plans to undertake (Ramanjaneyulu, Babu, & Srinisarao, 2014). Hence, budgeting should be incorporated in hospitals since it provides a guide on the way the revenue collected will be allocated to cover all the costs (Rajan, Barroy, & Stenberg, 2016). The report will present a budget for the revenues and cost during a five-year period of the proposed economic initiative. Additionally, a plan of the economic initiative will be outlined discussing ways in which it might affect the care setting. Finally, the paper will discuss the strategies that should be adopted to ensure that the project is viable amidst the dynamic economic environment.