W4A3 HEALTHCARE BUDGET REQUEST – ESTIMATING EXPENSES

Healthcare Budget Request

<Proposed product or service name>

Prepared by:

<Name>

Submitted:

<Date of submission>

W2A2 Executive Summary

Mental health therapy alternatives are lacking at HealthWays Clinic. Due to the rising incidence of mental health concerns and the need for creative therapies, VR Treatment might be used in the clinic. VR Therapy benefits mental health patients with anxiety, phobias, and PTSD by providing immersive experiences.

VR Treatment will affect many HealthWays Clinic stakeholders. This unique therapy technique benefits mental health sufferers most. The clinic's doctors and nurse practitioners will be vital to incorporating VR Treatment (Kouijzer et al., 2023). Administrative and clerical workers must also adjust procedures and scheduling. The finance department will manage this initiative's budget to ensure sustainability and cost-effectiveness.

Stakeholder Responsibility: Mental health specialists will lead VR Treatment implementation. They will help establish therapy protocols, track patient progress, and integrate VR therapy into care plans. Administrative personnel will help with scheduling and patient education. Due to its budgeting and financial management skills, the finance department will be crucial in raising funding for VR equipment starting and operations expenditures.

Proposed Healthcare Product/Service: A comprehensive Virtual Reality Treatment Program addresses the mental health services need. This package comprises VR equipment, software, staff training, and operating expenditures, including throwaway materials and maintenance (Kouijzer et al., 2023). The VR Treatment Program will complement HealthWays Clinic's holistic, patient-centered treatment. VR Treatment may increase mental health patient involvement and results due to its immersive nature.

Budget: The VR Treatment Program budget includes launch and operating expenditures. Startup expenses include VR equipment, personnel training, and infrastructural changes. Operating expenses include disposable materials, maintenance, and personnel training to ensure VR Treatment success. VR Treatment Program patient fees will determine revenue predictions (Chung et al., 2022). Financial factors include prospective income sources and the long-term ROI of better patient outcomes and satisfaction.

Communicate and Propose: Leadership must be informed about the mental health service deficit, the VR Treatment Program's potential advantages, and the financial commitment needed to execute it. It will emphasize HealthWays Clinic's dedication to innovation and patient well-being by aligning VR Treatment with its purpose and values (Kouijzer et al., 2023). To gain leadership support, transparent and open communication must emphasize the long-term benefits to patient care and the clinic's healthcare reputation.

References

Chung, O. S., Robinson, T., Johnson, A. M., Dowling, N. L., Ng, C. H., Yücel, M., & Segrave, R. A. (2022). Implementation of therapeutic virtual reality into psychiatric care: Clinicians’ and service managers’ perspectives. Frontiers in Psychiatry, 12. https://doi.org/10.3389/fpsyt.2021.791123

Kouijzer, M., Kip, H., Bouman, Y. H. A., & Kelders, S. M. (2023). Implementation of virtual reality in healthcare: a scoping review on the implementation process of virtual reality in various healthcare settings. Implementation Science Communications, 4(1). https://doi.org/10.1186/s43058-023-00442-2

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