University of Twente Student Theses
Enhancing financial support in nursing homes : A Dutch study on strategies to secure funding from care commissioners
Groeneveld, Lars (2024) Enhancing financial support in nursing homes : A Dutch study on strategies to secure funding from care commissioners.
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| Abstract: | In recent years, healthcare costs have significantly increased due to advancements in technology, an aging population, and the rising prices of medical supplies and pharmaceuticals. As people age and develop multiple chronic conditions, their use of healthcare resources grows, further increasing costs. In this context, it is crucial to optimize financial management in nursing homes, particularly in their purchasing departments. This research aims to address the challenges of securing additional funding, which can be unpredictable and difficult to justify, by focusing on non-wage operating expenses. The study investigates whether good purchasing practices can lead to more funding and how collaborative strategies with care commissioners can secure increased financial support. The findings reveal that maintaining a good workforce and strong internal processes such as accurate invoicing and thorough documentation of client-related expenses significantly enhance financial management in nursing homes. The study highlights the importance of transparency, trust, and strategic communication in building relationships with care commissioners. Moreover, it shows that nursing homes can negotiate additional funding by presenting well-structured plans that showcase cost-saving measures and operational improvements. In conclusion, this research offers guidance for managing healthcare costs in nursing homes by optimizing non-wage operating expenses. Effective purchasing practices and strategic communication are key to securing the necessary funding while maintaining or enhancing the quality of healthcare services. This approach addresses immediate financial challenges and ensures the long-term sustainability and accessibility of care. |
| Item Type: | Essay (Master) |
| Faculty: | TNW: Science and Technology |
| Subject: | 85 business administration, organizational science |
| Programme: | Health Sciences MSc (66851) |
| Link to this item: | https://purl.utwente.nl/essays/103743 |
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