Instructor’s Commentary
It is an increasing challenge to meet patient needs in an economy of rising health care costs. At the “point of care” is a health care provider rendering services to a patient, with the expectation that the necessary resources are immediately at hand. While all nurses have some ownership in efficient resource utilization, the nurse manager is responsible to ensure the appropriate budgeting, allocation, and monitoring of resources within a specific unit or designated health care service.
In this module, we will examine a few tools of resource management, which include (but certainly are not limited to): communication, technology, budgets, and staff. Human resources are your most valuable asset, so some time will be spent (in the reflective journal) on the significance of the performance appraisal process.
Managing a budget is a skill that involves much more than being “good with numbers”. With today’s technology, numerical computing is nearly automatic. But skills in planning, communicating, critical thinking, and analyzing are necessary for ensuring the efficient operations of a unit. In a short-written activity, you will analyze a budget and provide the rationale for variances within it.
Instructions
The ability to interpret and explain budget variances is an important skill for a manager. In this short paper (700-1000 words), please respond to Exercise 20-15 on page 373 of Yoder-Wise (2019) text. Be sure to address each of the questions posed in this exercise and compose your paper following the APA guidelines. References in addition to the text are recommended but not required.
Yoder-Wise, P. S. (2019). Leading and managing in nursing (7th ed.). Mosby, Inc., an affiliate of Elsevier Inc.
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