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Title: Targeting Health Disparity Funding Plan
Thesis Statement This proposal presents funding plans for an intervention that targets a health disparity within a certain population. This plan, which is based upon financial management and planning best practices, identifies the potential savings that could be achieved by this intervention.
Description of the Data Used to Determinate the Targeted Disparity. The data that was used to deter the targeted disparity were obtained from a community assessment which revealed high diabetes rates among African American Women aged 40 or older. Data were taken from hospital discharge reports and local health department data. Health disparity can be defined as an disproportionately high burden of diabetes in African American women. This leads to poorer health outcomes and increased healthcare costs.
Description of Health Disparity Aiming the Intervention The intervention aims at reducing health disparities by implementing community-based diabetes management and prevention programs that aim to improve awareness, education and accessibility to care for diabetes and diabetes services. This program includes outreach activities, patient education, health promotion and other programs tailored to meet the needs of African American Women. This program involves collaborations with local partners such as health departments, community-based and faith-based organisations.
Description of the Intervention: This intervention will be sustainable because it builds on community resources and leverages partnerships. It also integrates with other health initiatives in your community. Funding for the program will include a mixture of federal, state, and private grants as well community contributions. It will also try to earn revenue from patient fees, reimbursements by insurance, and cost sharing arrangements.
Description of Cost Savings Possible from the Implementation of an Intervention: It is anticipated that this intervention will result in cost savings, by decreasing diabetes and related complications like cardiovascular disease, renal disease, and amputations. By promoting prevention, reducing readmissions to hospital, and avoiding visits to emergency departments, the program can also help reduce healthcare costs. This program also has indirect savings because it will improve the lives of African American women who have diabetes by increasing their productivity and decreasing absenteeism.
Motivation for Selected Sources: Funding sources include grants from the federal government and states, as well as private donations and contributions by communities. This is because of the funding available, its alignment with program goals, and their sustainability. Federal and state grants are the main sources of funding. They will cover costs such as staffing, equipment, and supplies. Additional funding will come from private donations and contributions by the community to help support programs such as patient education and outreach, health promotion and other activities.
Budget proposed: A budget of $500,000 is being proposed for the intervention. This will include the cost of the entire project, the expenses, as well as the funding that has been received. Personnel costs, supplies and equipment, patient care activities, outreach, etc. are all included in the budget. This budget was created based off of cost estimates provided by community partners. However, it is still subject to changes depending on funding and implementation.
Description of Adherence To Financial Planning and Management Practices The funding plan adheres with financial planning and management practices, using a holistic approach to funding. It also uses realistic budget estimates and monitors expenses. This plan includes risk management and contingency plans to handle unforeseen circumstances and funding source changes. This plan ensures transparency, accountability, and compliance by following financial policies and procedures as well as reporting the program’s performance to key stakeholders.
The funding plan aims to fund a diabetes management and prevention program in the community that will address health disparities among African American women. This plan, which is based upon financial management and planning best practices, identifies the potential savings that could be made by the intervention. This plan ensures that the community is sustainable by using partnerships and integration with other health initiatives. Changes may be made to the plan depending on available funding and how well programs are implemented
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