A comparative study of expenditure controls methods in government owners and privately owned hospital

Project Abstract

This research project aims to conduct a comparative study of expenditure control methods in government-owned hospitals and privately owned hospitals. The efficient management of expenditures is crucial for both types of hospitals to ensure financial sustainability and optimal resource utilization. Government-owned hospitals are typically funded through public budgets and face unique challenges related to bureaucratic procedures and political influences. On the other hand, privately owned hospitals operate in a more market-driven environment where profitability and cost efficiency are top priorities. The study will analyze the different expenditure control methods employed in government-owned hospitals, such as budgeting, cost control, and performance evaluation. It will also examine the specific challenges faced by these hospitals, including red tape, lack of autonomy, and political interference in financial decisions. In contrast, the research will investigate how privately owned hospitals utilize techniques like activity-based costing, financial incentives, and benchmarking to control expenditures and improve financial performance. By comparing these two types of hospitals, the research aims to identify the strengths and weaknesses of their respective expenditure control methods. This analysis will provide valuable insights for healthcare managers, policymakers, and stakeholders to enhance the financial management practices in hospitals. Additionally, the study will contribute to the existing literature on healthcare finance and provide a basis for future research in this area. The research will employ a mixed-methods approach, including quantitative analysis of financial data and qualitative interviews with hospital administrators and finance professionals. Data will be collected from a sample of government-owned and privately owned hospitals to ensure a comprehensive and balanced comparison. The findings will be analyzed using statistical tools and thematic analysis to draw meaningful conclusions about the effectiveness of different expenditure control methods in the two types of hospitals. Overall, this research project seeks to deepen our understanding of expenditure control methods in government-owned and privately owned hospitals and their impact on financial performance. By shedding light on best practices and areas for improvement, the study aims to contribute to the overall efficiency and sustainability of healthcare organizations.

Project Overview

<p> </p><p><strong>1.0 &nbsp; &nbsp; &nbsp;</strong><strong>INTRODUCTION</strong></p><p>Introduction organisation with exception of every minute and unorganized ones, there is a process known as expenditure control or cost control which is a part of management control process.</p><p>This process is very important to any organisation be it a profit maximizing organisation or non profit maximizing organisation. &nbsp;Thus is because lack of this practice in any organisation will cause misapplication of cash in cash disbursement process and this will create a very big problem leading the organisation into deficit and at an extreme case the organisation might fold up</p><p>(ie liquidation) &nbsp;Many research have bee conducted in the &nbsp;reason for folding up of companies and organisation in which lack of expenditure control process had been found responsible.</p><p>Expenditure control has been defined as the process by which managers utilizes effectively and efficiently the scarce resources in the achievement of organisational goal. &nbsp;At this juncture let us look at expenditure and control from a separate perspective.</p><p><strong>&nbsp; Expenditure:</strong>&nbsp; It is the total amount spent on the process of trying to achieve a particular goal. &nbsp;This amount spent might be regained if the goal is not achieved.</p><p><strong>Control</strong>: &nbsp;Is the fact of making things world in a way the is required. &nbsp;It is also the used by either government of official organisation to make restrictions on wages increases, immigrate credit and so on (which are all expenditure)</p><p>As regards to this project topic which is a comparative study of expenditure control methods in governments ownes and privately owned hospitals. &nbsp;A case study of university of Nigerian Teaching Hospital, Enugu. &nbsp;(UNTH) and Toronto hospital and Maternity Onitsha.</p><p>This implying a comparative study of non-profit-making organisations, since UNTH is government owned hospital while Toronto is privately owned hospital as a category is of non profit making organisation are characterized by the following:</p><p>a. &nbsp; &nbsp; &nbsp; &nbsp; There is neither a conscious profit motive nor an expectation of earning net income.</p><p>b. &nbsp; &nbsp; &nbsp; &nbsp; No part any excess of revenues over expenditure is distributed to those who contributed support through taxes and voluntary donations.</p><p>c. &nbsp; &nbsp; &nbsp; &nbsp; Any excess of revenue over expenditure that results form operations in the short run is ordinarily used on later years to further the purpose of the organisation.</p> <br><p></p>