A System to Track the Expenditure of Multiple Research Projects Funded by a Philanthropic-funded Academic Programme
Care Process & Redesign
Singapore Healthcare Management Congress
SingHealth
31 December 2021
Develop a tracking system to monitor the expenditure of over 15 concurrent research projects under the PBST. Effective monitoring ensures optimal resource allocation for translational research.
Year Submitted: 2021
Published Date: 31 December 2021
Tags: Care Process ＆ Redesign, Quality Improvement, Workflow Redesign, Operational Management, Financial Management
About this Content
Aims
Develop a tracking system to monitor the expenditure of over 15 concurrent research projects under the PBST.
Background
Existing SAP limitations required semi-manual tracking of philanthropic-funded projects.
Methods
Annual budget projection, unique code assignment by disease type, real-time tracking, and bimonthly reviews by the steering committee.
Results
71% average yearly budget utilization; identified additional funding needs for 4 studies annually.
Conclusion
Effective monitoring ensures optimal resource allocation for translational research.
Lessons Learnt
Collaborative tracking improves transparency and maximizes funding efficiency.
Additional Information
SHM 2021 – Shortlisted Project (Finance Category)
Keywords
Expenditure Tracking, Philanthropy, Budget Utilization
Innovators' Details
Innovators' Details
Healthcare Cluster(s) | SingHealth |
Organization(s) Involved | KK Women and Children Hospital |
Platform(s) | Singapore Healthcare Management Congress |
Healthcare Professional Group(s) | Healthcare Administration, Medical |
Applicable Specialty or Discipline | Healthcare Administrators, Clinical Research |
Project Lead(s) | Iris Ong |
Project Member(s) | Tracy Tay |
Connect with this contributor!
Iris Ong - singaporehealthcaremanagement@singhealth.com.sg
Project Attachment
C537_KKH_SHM_2021_A_system_to_track_the_expenditure_of_multiple_research.pdf