Bha427 case 2/slp dropbox | BHA427 Health Care Finance 2023DEC04FT-1 Module 3

1/1/24, 12:37 PM SLP – BHA427 Health Care Finance (2023DEC04FT-1)

https://tlc.trident.edu/d2l/le/content/207130/viewContent/5178433/View 1/2

Module 3 – SLP

WORKING CAPITAL, MATERIALS MANAGEMENT, AND EVALUATING FINANCIAL
HEALTH

In the majority of healthcare organizations, materials (including pharmaceuticals and expendable supplies) comprise
the largest portion of the non-labor costs in the operating budget – thereby making it deserving of our focus and study.
Correct management and control of your inventory has a direct and significant effect on your financial operating costs,
and therefore, the total net income of your organization.

The process of materials management (the control of an organization’s inventory, services, and equipment from
acquisition to disposition) allows for cost control and also allows the organization to operate correctly – having enough
of each needed supply (medical, administrative, housekeeping, and/or clerical) on hand at the precise time it is
needed. Once you’ve read the assigned background readings, as well as completed some peer-reviewed research of
your own, please answer the following:

1. What are the best practices in inventory management that healthcare managers should implement and be
consistent in using?

2. How are each of the four methods of valuing inventory used by healthcare organizations?

3. Choose one expendable item used in the healthcare setting, and show the value calculation for 500 of that
particular item, using one of the methods of inventory valuation. Investigate a current-day cost of the expendable
item to make your calculations as accurate as possible.

4. How do we best prepare for uncertainties in our inventory, and what would a correct re-order point be for
expendable medical supplies?

SLP Assignment Expectations

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1/1/24, 12:37 PM SLP – BHA427 Health Care Finance (2023DEC04FT-1)

https://tlc.trident.edu/d2l/le/content/207130/viewContent/5178433/View 2/2

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1. Conduct additional research to gather sufficient information to support your analysis.

2. Provide a response of 3-5 pages, not including title page and references

3. As we have multiple required items to be addressed herein, please use subheadings to show where you’re
responding to each required item and to ensure that none are omitted.

4. Support your responses with peer-reviewed articles, with 2 to 3 references. Use the following sources for additional
information on how to recognize peer-reviewed journals:

How to Recognize Peer-Reviewed (Refereed) Journals
http://www.angelo.edu/services/library/handouts/peerrev.php.

Evaluating Internet Resources
https://www.library.georgetown.edu/tutorials/research-guides/evaluating-internet-content

5. You may use Purdue Owl to assist in formatting your assignment:
https://owl.english.purdue.edu/owl/resource/560/01/. Paraphrase all source information into your own words
carefully and use in-text citations.

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