Communicate effectively with diverse audiences Ace my homework – Write my paper – Online assignment help tutors – Discussion

Communicate effectively with diverse audiences Ace my homework – Write my paper – Online assignment help tutors – Discussion
Sound financial management is essential to the fiscal well-being
of all health care organizations, and the nurse leader plays an
important part. Consequently, the preparation and effective
management of operating budgets is a critical skill for nurse
leaders. The budget guides leaders in optimizing the use of
resources, and because nurses are closest to patients, they
understand very well what it takes to operate on a daily basis and
provide safe, high- quality care.
This assessment provides an opportunity for you to develop an
operating budget for a health care unit. Keep in mind, staff is a
large part of this budget and is often hard to control.
By successfully completing this assessment, you will demonstrate
your proficiency in the following course competencies and
assessment criteria:
Competency 1: Design an operating budget that incorporates
variances or discretionary spending. Prepare an operating budget.
Explain how a budget is designed and created.
Competency 2: Develop a plan for managing the labor force,
within the parameters of the budget and productivity.
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Develop an approach to ongoing budget management.
Competency 5: Apply financial principles to a strategic plan for
achieving organizational goals and fiscal success.
Develop a strategic plan. Competency 6: Communicate effectively
with diverse audiences, in an appropriate form and style,
consistent with applicable organizational, professional, and
scholarly standards.
Present budget data and information clearly and accurately.
Integrate relevant and credible sources of evidence to support
budget data and information, correctly formatting citations and
references using Ace homework tutors – APA style.
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Competency Map
Use this online tool to track your performance and progress
through your course.
CHECK YOUR PROGRESS
Context
Details Attempt 1 Available Attempt 2 Attempt 3
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8/1/2020 Assessment 2 – MSN-FP6216 – Summer 2020 – Section
01
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Numbers on a budget sheet or report are only numbers. Nurse
leaders are major decision makers who must be informed and
able to make data-driven decisions, often in a very limited amount
of time. Financial analysis consists of the organization and
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presentation of data in a meaningful and relevant format that
enables analysis, comparison, and synthesis.
One of the major challenges facing nurse leaders with regard to
financial analysis is determining how many and what types of
health care goods and services to deliver. Leaders must also
consider how much to charge for goods and services and how to
break even or generate profits.
Questions to Consider
As you prepare to complete this assessment, you may want to
think about other related issues to deepen your understanding or
broaden your viewpoint. You are encouraged to consider the
questions below and discuss them with a fellow learner, a work
associate, an interested friend, or a member of your professional
community. Note that these questions are for your own
development and exploration and do not need to be completed
or submitted as part of your assessment.
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Resources
Required Resources
The following resources are required to complete the assessment.
Ace homework tutors – APA Style Paper Template [DOCX]. Use this template for the
written portion of your operating budget.
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Assessment Instructions
Note: Complete the assessments in this course in the order in
which they are presented.
Preparation
You are the nurse manager of a 35-bed hospital unit with 20 fulltime equivalent (FTE) staff. You have been given the task of
getting the budget under control. Several people have recently
left the unit, and you have been working to fill those open
positions. Your staff work scheduled overtime and many sign up to
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work extra shifts. Your unit serves an older population, as well, and
has incurred expenses associated with this group of patients.
Note: Remember that you can submit all of, or a portion of, your
draft to Smarthinking for feedback, before you submit the final
version for this assessment. However, be mindful of the
turnaround time of 24–48 hours for receiving feedback, if you plan
on using this free service.
Requirements
Note: The following requirements correspond to the grading
criteria in the assessment scoring guide. Be sure that your budget
addresses each point, at a minimum. You may also want to read
the Guiding Questions: Preparing and Managing an Operating
Budget [DOCX], linked in the Resources under the Suggested
Resources heading, to better understand how each criterion will
be assessed

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