Basic Principles and Tools of Budget and Resource Management for Public Health
Each student will complete a 3-page assignment about the basic principles and tools of budget and resource management.
Study Chapter 10 in the textbook (McLaughlin, C. P., & McLaughlin, C. (2019). Health policy analysis: An interdisciplinary approach. (3rd Ed.). Sudbury, Mass: Jones and Bartlett Publishers.) and research two additional publications to address the assigned questions for this paper.
Explain the key components of a public health budget.
Identify what is unique to a public health budget compared to other industries.
Describe how to evaluate cost, benefits and outcomes to establish a budget.
Explain how you can plan to meet the required resources and monitor the resources during the project or program.
Explain what net present value is and why it matters in public health.
Page Limit: Sharing your thoughts and opinions in a meaningful and succinct approach is an essential skill. Your submission should be 3 pages text in APA format, double-spaced, 12 point font. In addition to the 3 pages, add a cover page and reference list on separate pages.
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Primary Components of Public Health Budget
The following are the critical components of a public health budget: 1) Political commitment signifies the unwavering dedication of government resources and support toward prioritizing public health initiatives; 2) The technical package encompasses healthcare services, disease prevention measures, vaccination programs, maternal and child health services, and other evidence-based interventions; 3) Effective communication necessitates allocating resources to propagate public health messages, enhance awareness, and promote healthy behaviors within the population; 4) Partnerships offer supplementary resources, expertise, and community engagement, thereby fortifying the effectiveness of health intervention; 5) Effective management, through this, resources are channeled toward their intended purposes, fostering cost-effective outcomes; 6) Innovation pertains to the allocation of financial resources aimed at fostering novel and imaginative strategies for effectively tackling emerging health-related issues (Frieden, 2014).
Unique Qualities of Public Health Budget
Distinguishing a public health budget from those in other industries lies in its distinctive reliance on an epidemiological approach characterized by acquiring and utilizing epidemiological data and evidence-based practices. Epidemiological data, encompassing metrics such as disease prevalence, risk factors, and health outcomes, assume a pivotal role in steering the priorities of public health initiatives. Accessible