Navy Medical Budget Analysis Paper

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For almost a year, I have had the privilege to be a department for 3 divisions within a health clinic that serves recruits. Throughout this time, I have only had to deal with the budget sporadically. Budget interactions usually revolve around issues in which my staff does not have enough supplies to perform their job. In retrospect, I am learning more and more about the United States navy medical budgeting process. Most nurses in management, like me, are only made aware of their specific budgets that affect their departments (Liberty University, 2015). Nurse managers focus on the supplies they need to have their respective work areas function.
Navy Medical Forecasting Technique The financial forecasting method NHB uses is a retrospective form of a time series method. Guidance is passed down from the comptroller; who reports directly to the commanding officer. Each department submits data looking back from the previous year to determine their individual funding projection for the following …show more content…
My specific department that I lead determined next year’s budget through a data spreadsheet showing how many recruits were processed through and how many of those recruits required immediate or prolonged medical care. Based upon the previous year’s allotment of funds, I was able to mathematically figure out the cost per recruit and a projected ten percent increase in expected recruits coming through my department. My calculations are submitted to my director who validates and authenticates my assessment. My director takes all of the department’s assessments and then calculates in expected purchases that various departments may not be aware of; such as a new electrocardiograph machines or a new phoropter machine. Once my director compiles their data, it is all submitted to the comptroller for their final assessment and
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