Discussion: Discuss the responsibilities that a nurse leader has when it comes to development of the budget.
NUR 621 Topic 3 DQ 1 Assessment Description
Discuss the responsibilities that a nurse leader has when it comes to development of the budget. What do you feel is the most important of these responsibilities? Explain your rationale.
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NUR 621 Topic 3 DQ 1 Sample
Nurse leaders play a crucial role in ensuring the financial sustainability of their department during budget development. Melnyk et al. (2023) state that their responsibilities in this process include supervising, planning, and controlling budgets. Another essential duty in budgeting is forecasting expenses and revenues, which requires a comprehensive understanding of the unit’s past financial data and future needs (Decker et al., 2023). Additionally, nurse leaders must consult with financial departments to ensure that the unit’s budget aligns with the overall financial plan of the healthcare institution.
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Furthermore, nurse leaders are responsible for implementing and reviewing financial measures. NUR 621 Topic 3 DQ 1 Decker et al. (2023) highlight that this task involves developing budgetary benchmarks, assessing organizational performance against these standards, and implementing necessary control measures. Nurse leaders must ensure that resources are used efficiently and that spending remains within the budget allocated for each unit.
Balancing budgeting constraints and maintaining the quality of patient care is likely the most critical responsibility for a nurse leader during budget development. This initiative involves making resource allocation decisions without compromising treatment quality. The rationale for this prioritization is that financial management decisions must support healthcare’s primary goal: providing quality patient care (Gačić et al., 2023). Proper distribution of limited resources enhances patient care programs, sustains treatment quality, and improves the overall efficiency and effectiveness of the healthcare facility.
NUR 621 Topic 3 DQ 1 References
Decker, K. L., Schwab, S. D., Bazzoli, G. J., Chukmaitov, A. S., & Wernz, C. (2023). Impact of performance-based budgeting on quality outcomes in U.S. military health care facilities. Health Care Management Review, 48(3), 249. https://doi.org/10.1097/HMR.0000000000000372
Gačić, J., Milojević, S., Knežević, S., & Adamović, M. (2023). Financial literacy of managers in Serbian health care organizations as a path to sustainability. Sustainability, 15(7), 6113. https://doi.org/10.3390/su15076113
Melnyk, B. M., Hsieh, A. P., Messinger, J., Thomas, B., Connor, L., & Gallagher‐Ford, L. (2023). Budgetary investment in evidence‐based practice by chief nurses and stronger EBP cultures associated with less nursing turnover and better patient outcomes. Worldviews on Evidence-Based Nursing, 20(2). https://doi.org/10.1111/wvn.12645 NUR 621 Topic 3 DQ 1
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