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Functional value analysis of a physiotherapy department
Physiotherapy Canada. Physiotherapie Canada
|April 11, 1980
Summary
Functional Value Analysis (FVA) helps physiotherapy managers reduce costs. This method identified over $267,000 in potential savings for a hospital department facing budget constraints.
Area of Science:
- Health Services Management
- Physiotherapy
- Healthcare Economics
Background:
- Rising healthcare expenditures and increased demand for physiotherapy services challenge departmental budgets.
- Physiotherapy managers must balance service provision with financial limitations.
- Hospitals face pressure to identify cost-saving measures.
Purpose of the Study:
- To introduce Functional Value Analysis (FVA) as a methodology for physiotherapy departments.
- To demonstrate FVA's utility in analyzing departmental costs and identifying savings.
- To provide a tool for managers to maintain services under financial constraints.
Main Methods:
- Functional Value Analysis (FVA) was applied to a physiotherapy department in October 1978.
- The FVA process involved analyzing departmental activities to determine costs.
- Cost-saving ideas were generated and prioritized through the FVA study.
Main Results:
- The physiotherapy department's annual budget was $615,960.
- The FVA study identified documented cost-saving ideas totaling $267,346.
- These savings represented a significant portion of the department's operational costs.
Conclusions:
- Functional Value Analysis (FVA) is an effective tool for physiotherapy managers to reduce costs.
- FVA enables organized and logical cost reduction in healthcare departments.
- Implementing FVA can help departments maintain service levels despite budgetary limitations.