Enhancing patient education in aged-related macular degeneration

Master of Management in Health and Social Care

Module: Managing Finance in Health and Social care organization

Assignment Title:

A) A financial proposal on the investment of a digital camera in the private ward for wound care management.
B) Reflective commentary on the project

Part A
A financial proposal on the investment of having a digital camera in the private ward for wound care management.

Executive Summary

Health care industry is under tremendous changes; patient expectations, usage of advanced technology and medicine, cost of

the labor has increased, which cause the financial burden to the organization. The health service is Hong Kong is mainly

subsided by the government, which means the cost of the health service is collected from the public. Proper usage of this

budget must be deliberated.

A financial strategy, which is related to the organization strategies, should be considered before implements the

organizational strategies. It gives the support on the strategic planning whether the financial resources are able to achieve

the organization objective. The value for the money must be defined, so that the attributed funding has the best usage on the

service.

The following report shows the analysis on the investment on the technology equipment, which enhance the health service

quality in the private ward. This analysis includes the stakeholder’s expectation, how to choice the equipment in term of

cost and their benefit to the service. Recommendations are suggested on the proper usage of the DC with maximum benefits to

the dressing activity in the ward.

Content Page

1. Introduction
1.1 Project Title————————————————————-pg. 4
1.2 Objective—————————————————————-pg. 4
2. Background knowledge and strategic planning——————–pg. 4
3. Stakeholder Analysis——————————————————pg. 8
4. Organization Analysis—————————————————–pg. 9
5. Choice of options.
5.1 Option criteria———————————————————-pg. 11
5.2 Benefit analysis & weighting scores——————————pg. 13
5.3 The cost of investment———————————————–pg. 14
6. Financial appraisal———————————————————pg. 16
7. Recommendations
7.1 Frequency of photo taking ——————————————pg. 17
7.2 Auditing on the use of DC related to wound activities——-pg. 18
8. Appendix———————————————————————pg. 20-22
9. Reference——————————————————————–pg. 23-24

1. Introduction
1.1 Project title
The effectiveness of wound management with the use of digital camera by improving documentation on the progress of the wound

and reduce the frequency of wound exposure for the medical assessment.

1.2 Objectives