Assignment 4

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1. IZAR Health Informatics is now involved in a new initiative that will give them a new Revenue Stream.
   1. This is additional services they are going to provide to Hospital clients.
   1. What is the Service ?  To create formal budgets for Hospital or Provider E.H.R.
   1. Initially, This budget will be a Standard for all of their Hospital clients .
2. The budget should cover
   1. Capital Cost
   1. Operational Cost
   1. For the year 2020 (only)

• The budget should cover the following at minimum for 3 clients.
  • Hardware for E.H.R System
  • Software for E.H.R System
  • 20 Workstations (desktops) for Departments
  • 3 Resources ( 1 Manager,  1 Expert, 1 Consultant)
  • Training for Residents = 40 Hours
  • Test System
  • Additional Software Subscriptions
  • Purpose of Budget
  • Date/Time Submitted
  • Who prepared the Budget
  • Who is it being addressed to ( Finance Manager)
  • Add as you like
  • Add additional Item as you like to ensure we are not missing on anything that is needed to manage E.H.R at your client hospital.
• Submit the Total Estimated Budget, clearly illustrating the Capital and Operational expenses.

How do you submit : Spreadsheet Only.  Please use your current Financial Statements and Add additional Tab for Budget ( show on a separate tab ).

Quick Hints :

Purpose of the budget :  Organization use budget for Planning & Forecasting….

Assume, you received estimated prices from IEHR vendor on all your capital and operational items through a quotation. ( In real life you will be required to get prices from vendors and assume other prices based on your experience, For example, for 1 resource, the estimate is $100K per year).

Do you best !

1. Make your own interpretations on budget and items and conclude on your estimation.
2. Be sure to explain what is your decision as a Health Informatics leader, who works in a hospital and receiving this budget estimates from IZAR Health informatics ?

More Help ? See the following resources :

https://www.ehrinpractice.com/ehr-cost-and-budget-guide.html

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