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HMA3701 ASSIGNMENT 02 ANSWERS Semester 2 2024

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HMA3701 ASSIGNMENT 02 ANSWERS Semester 2 2024 Assignment 2 Financial Management in Health Services HMA3701 Semester 1 ASSIGNMENT 2 You have just been appointed as the Head of Nursing, obtain and read your workplace financial management policy. Using the knowledge and experience acquired in financial management modules, identify three high expenditure items and discuss how would you promote cost containment within the nursing component. Please ensure that your submission is prepared in accordance with HEALLA and the marking guide below. Total Marks 50

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Uploaded on
August 16, 2024
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RONSAM
TUTORS
HMA3701 ASSIGNMENT 02 SEMESTER
02




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, Table of Contents
1. Introduction................................................................................................. 1
2. Overview of Cost Containment in Healthcare..............................................2
3. High Expenditure Items in the Nursing Component.....................................2
4. Cost Containment Strategies.......................................................................3
5. Integration of Theory to Practice.................................................................4
6. Conclusion................................................................................................... 5
7. References................................................................................................... 5




1. Introduction

The healthcare industry is an open field that has been greatly characterised by
complexities and one of these is the issue of financial issues. Optimizing the costs
and expenses, especially under the nursing division, is paramount to ensure the

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