Health Service Financing: Business Case Proposal

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Words: 1500

Task Description:

This assessment task builds on the zero-base, break-even budget and contingency budget developed in assessment 2. It is expected that students have used the feedback provided for the second assessment task to make any necessary adjustments or improvements. The budgets will form the foundation for which to propose a new public health service to be delivered for a specific area within a New South Wales Local Health District (NSW LHD). A private service is NOT appropriate for this assessment task. For your chosen service or health facility,using the previously developed budgets for assessment 2, develop a business case proposal for this new service or project suitable to the one specific area within a NSW Local Health District. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

1. A clear, well-developed rationaleshould be developed to support the need for the proposed service for the specific area (i.e. needs analysis, population health issues and future predictions, etc.)
2. Remember that outputs as well as financial data are required.
3. In preparing the budget, students should show the build-up of the budget from a zero-base including all significant line items.
4. A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost cutting measures.
5. Include a financial activity analysis and a breakeven analysis chart to show at what level of activity the service ’breaks even’. In the public sector this means to come in on budget rather than make a profit.
6. Financial risks should be identified with a clear plan for how they will be managed.

You need to create Risk Mitigation table

7. A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost cutting measures.
8. The business case should be supported with current, relevant scholarly and/ or reputable resources.

NOTE: Resources such as Wikipedia, YouTube, News media or non-governmental websites will not considered scholarly and/ or reputable sources. Reputable and well-established organisations such as the WHO or UN are permitted.

Marking Criteria

You will be assessed on the following:

• Rationale/justification for a new service.
• Application of zero-based budgeting principles.
• Understanding of activity/output requirements.
• Feasibility and accuracy of the break-even analysis.
• Quality, feasibility and relevance of performance criteria.
• Writing skills.

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