BHA FPX 4108 Assessment 1 Analyze Community Health Needs

• BHA FPX 4108 Assessment 1 Instructions

Introduction

Healthcare operations include service locations, personnel, policy, leadership, finance, strategy, and quality. While healthcare is primarily a service industry, it faces significant operational challenges in supply chain management, quality, strategy, and project management. Organizations must enhance operations and efficiency to remain competitive with evolving healthcare reforms and financial constraints.

An essential component of healthcare operations is inventory management, which involves procuring, stocking, and distributing supplies. Effective inventory management reduces waste, adds value, and creates standardization throughout the organization (Kros & Brown, 2013). BHA FPX 4108 Assessment 1 focuses on understanding inventory management concepts, analyzing inventory control strategies, and reviewing the pacemaker inventory at the Peta King Heart Institute.

Importance of Inventory Management

Everyday Examples of Inventory

Inventory management is a concept we encounter daily. For instance, checking your pantry before grocery shopping or finding a specific product out of stock are simple examples of inventory management. In healthcare, this process is vital for maintaining regulatory compliance and protecting investments. The inventory ranges from kitchen supplies to life-saving medical devices such as pacemakers (Kros & Brown, 2013).

Financial Implications

Healthcare inventory management directly impacts financial stability. Supplies and materials are among the highest expenses for healthcare organizations, second only to payroll and benefits. Streamlining operations, managing costs, and maximizing productivity are essential for ensuring fiscal responsibility. Professionals involved in BHA FPX 4108 Assessment 1 will examine these aspects, focusing on optimizing pacemaker inventory while maintaining quality care.

Key Concepts in Inventory Management

Financial Principles

Understanding basic financial principles, such as interpreting financial statements and annual budgets, is critical for healthcare professionals. These documents outline material and supply costs, guiding inventory decisions. In addition, reimbursement methodologies heavily influence healthcare organizations’ financial strategies. These methodologies regulate payment rates for treating patients and can have significant financial implications (Kros & Brown, 2013).

Value of Inventory Control

Inventory control ensures the availability of essential supplies while minimizing excess stock or shortages. Proper control strategies enhance operational efficiency, optimize resource allocation, and support better patient outcomes. BHA FPX 4108 Assessment 1 explores methods to maintain balanced inventory levels at the Peta King Heart Institute.

Demonstration of Proficiency

By completing this assessment, participants will demonstrate their ability to:

• Analyze leaders’ roles in addressing inventory recommendations.
• Explain the importance of inventory control and its implications.
• Evaluate inventory ordering options, including economic order quantity (EOQ).
• Apply management principles to lead an efficient healthcare system.

BHA FPX 4108 Assessment 1 also emphasizes clear, professional communication and adherence to APA guidelines for references and formatting.

Instructions

Context and Preparation

This assessment is based on the Vila Health: Pacemaker Inventory media simulation. Participants will assume the role of an inventory analyst to investigate pacemaker ordering, stocking, and usage at the Peta King Heart Institute. Additionally, research topics include inventory control, EOQ calculations, and inventory stocking techniques from healthcare and non-healthcare industries.

PowerPoint Development

Prepare a 7–10 slide PowerPoint presentation addressing the following:

1. Basics of inventory control.
2. Importance of inventory control strategies.
3. The current state of pacemaker inventory at Peta King Heart Institute.

Design Guidelines:

• Use a simple layout with a clear font (Arial or Verdana, size 24 minimum).
• Limit slides to 5–7 bullet points, with 5–7 words per bullet.
• Provide detailed explanations in speaker notes.
• Maintain colour contrast with light text on a dark background.

Inventory Control at the Peta King Heart Institute

The assessment emphasizes analyzing the institute’s pacemaker inventory through EOQ and current organizational data. By evaluating ordering systems and stocking techniques, stakeholders can optimize resource use, reduce waste, and ensure timely access to life-saving devices.

Recommendations for Improvement

• Implement advanced inventory tracking systems.
• Optimize pacemaker ordering processes based on EOQ analysis.
• Regularly audit inventory to identify and address inefficiencies.

These steps align with the goals of BHA FPX 4108 Assessment 1, ensuring effective inventory management while maintaining high standards of patient care.

Conclusion

The BHA FPX 4108 Assessment 1 offers a practical approach to understanding inventory management and its critical role in healthcare operations. By examining pacemaker inventory at the Peta King Heart Institute, this assessment highlights opportunities to enhance efficiency, reduce costs, and maintain regulatory compliance. Participants will gain valuable insights into inventory strategies, empowering them to make informed decisions that improve organizational performance and patient outcomes.

References

Bruns, D.P., Kraguljac, N.V. & Bruns, T.R. (2020). Covid19?> COVID-19: Facts, Cultural

Considerations and Risk of Stigmatization. Journal of Transcultural Nursing, 31(4), pp.326-332.

https://doi.org/10.1177/1043659620917724

Gonzalez, R. I., Munoz, F., Moya, P. S., & Kiwi, M. (2020). Is a COVID-19 quarantine justified in Chile or usa right now?

https://arxiv.org/abs/2003.10879

United States Census Bureau (2019). 2019 U.S. Gazetteer Files. Retrieved January 4, 2022

Zanettini, C., Omar, M., Dinalankara, W., Imada, E. L., Colantuoni, E., Parmigiani, G., & Marchionni, L. (2020). Influenza Vaccination and COVID-19 Mortality in the USA. MedRxiv. 10.1101/2020.06.24.20129817