Resource Allocation in a Home Health Care Agency
As the U.S. population continues to show growth in the senior and elderly generations, a corresponding increase in health care agencies and facilities will reflect the increased demand for health and nursing services. Growth is particularly anticipated in the home health care industry as the "boomer" generation is geared toward independent living far into their lifetimes at unprecedented rates (Cubanski, 2014). Competition between these home health care agencies is expected to heat up, as economists say, since demand for quality care will be bolstered by the rise of the upper socio-economic strata in the U.S. (Varkevisser, et al., 2009). What this means for home health care administration and management is an elevated need to ensure that resource allocation exhibits the stewardship demanded by the marketplace (Cubanski, 2014).
How does your health care facility manage resource allocation?
In order to create a forward looking auditable resource allocation system, senior management at the Home Health Agency in La Mesa, California, prepares an annual budget, budget justification, and operating plan. This process ensures that sufficient and appropriate amounts of money are available for program implementation and to provide the service articulation that will meet the needs of the home health population and their families. The governing body of the home health agency conducts quarterly reviews of the approved resource allocation plan.
What systems and processes are in place?
The development of the annual budget and the resource allocation plan rolls up information from a comprehensive review of data about operations. The annual budget is designed to dovetail with the short-term and long-term strategic plans for the agency (Sussman, 2003). This means...
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