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FPX 6216 ASSESSMENT 4 Preparing and Managing a Capital Budget

Understanding and executing a capital budget Capital costs are those that add to the acquisition of fixed assets such as the table, equipment and enhancement of the building for the health office. Considering the history of nursing staff shortages in the past three years and the critical importance of onboarding this procedure for the surgery, we have to implement this process right away to efficiently work in the 50-bed step down unit. Employee, or staff turnover can be due to the reasons that someone is unhappy with the work conditions and has low morale, thus working in a bad atmosphere and environment. Yousef and Eivazzadeh (2023) in their study proves that literature health environment and work burnout is among the leading factor for over-turning of nurses. An important article that appeared this year in the journal of the American Association for Critical-Care Nurses draws attention to a role of a psychologically negative work environment in increasing employee turnover. In their paper, Naseri et al. (2022) point out the fact that as the AACN notes the right workplace ambiance can contribute to improved employee satisfaction and engagement. The rotation of nurses at a high rate forces patient care to plummet hence, it is of paramount significance to figure out what causes the nurses to quit their profession. This might implies improving its ambience to achieve a more cosy atmosphere for the nurses to relax during their break time, and also help to relieve stress among the nurses whilst improving productivity. Capital Acquisition Description A nurses’ lounge occupies a specific space of the healthcare facilities where nurses have an opportunity to gather, during their specified break-time and mealtimes, to be socially involved with their colleagues. The priority of this area is to offer nurses a place for some rest and recharging before going back to do all the stuff they do at their job (Drury, 2023). Besides the stressful workflow in the existing patient care area, the nursing staff is always deprived of a calm location for taking care of their immediate needs. Capital acquirement a necessity for the business development and growth. Shifts involving assigned workloads that are challenging and last for hours together are quite common among nurses. Crafting a spot in the area for people to socialize, or do mere relaxation and recharging has values beyond any qualifications. The design of the nursing lounge serves as the home away from home for nurses to unwind & recharge their tucked away dramatically; necessary for rejuvenation which promotes relaxation and renewed motivation. As per research done by Duong and Vogel (2023), it is possible that the nursing lounge may thus create the option of a successful approach to combating nurse burnout. Conducting a doctor’s lounge with the provision of comfortable seats, computer facilities, television, a changing art show, and a specialized cook at Enloe Medical School in California has reduced the burnout rate from 48% in 2017 to 37% in 2020. A nursing lounge is where you would have a central place for not only scientific exchange but also for sharing individual experiences and providing mutual guidance. The cognitive distance aspect in nursing can sometimes be a normal state of affairs. Therefore the fact that there is the presence of a supportive community where nurses can freely interact with other people who are experiencing the same exact thing has great value. Consequently, individuals suffer from boosted feelings of inter-connectedness and favor, so they are less likely to feel burnout. In addition, Duong and Vogel (2023) have found out that if over a 1-hour interval once in 2 weeks’ doctors are scheduled to have professional dialogue with a well-knit group of colleagues they would be less likely to suffer from burnout and will be motivated to work better in the medical field. Here, the individualization of the most caring profession, is profound. FPX 6216 ASSESSMENT 4 Preparing and Managing a Capital Budget We envision that the relaxation area will encourage mental status as well as physical performance of the nurses in our facility. Another benefit mentioned here is the increase in nurses’ job satisfaction. Nursing staff morale and productivity can be augmented by creating a working environment that promotes a supportive and encouraging atmosphere. Over a couple of studies, I came to the conclusion that college as an educational institution, prides itself on a very innovative way. The nurse is seen to potentially excel in their work performance, patient caring, and the fashioning of personal and professional identities within a supportive work environment by Alharbi et al. (2022). In comparison to those who feel frustrated in their job, the nurses who exactly know that they have a job they love, thus derive satisfaction, get the chance to offer their full concentration to their patients and generate positive results for their clients. The overhaul of the staff lounge will mean that nurses can voice their concerns amidst a supportive atmosphere that will consequently improve the quality of treatment rendered to patients. Medical failures are also quite commonly caused by stress and frustration, and here, therefore, good relations with the personnel to relieve them from those problems are crucial. A positive bleed is witnessed in an organization with improved nurse tenure, enhanced patient connection, and heightened revelation of patients’ requirements as there is a shift towards better patient outcomes and the attainment of individualized patient care. ForeverFit Healthcare aims to perform remarkable medical treatments that will enhance the overall health of the patients and this is what makes the renovation of the nursing lounge a must. The main aim of nurse’s lounge renovations is to create a comfortable space where nursing staff can mainly relax, restore, and communicate with their colleagues. Joy and a satisfactory working environment are ensured for patients since the methods reduce staff turnover and increase job satisfaction. Forever Fit Healthcare is grateful for an acknowledgment in one of its recent renovation projects, which is the nursing lounge through its commemoration of patient-focused care. And the appreciation of the nurses as they are rendering critical services in the provision of excellent medical care. Process for Calculating Costs Data is collected from various reliable sources, a cost that is the

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NURS FPX 6216 Assessment 3 Budget Negotiations and Communication

Budget Negotiations and Communication Discussing and communicating are key aspects of financial management that I would implement in the organization. Budget communication is one of the most critical elements that can substantially impact a business’ financial situation through budget decision-making. This study explores the essence of interpersonal communication competencies during budget talks in company settings, being particularly active in the respective 2023 fiscal stability plan prepared for SAMC. Strategies Addressing Strategic Goals with the Strategic Plan The SAMC has experienced this fiscal year the largest decrease in revenue ever, amounting to $9,753,215 (Capella University, n.d.). To guarantee fiscal stability and to succeed as a company in the fiscal campaign of next year, a strategic plan has been mapped out. It is our plan that will maximize the revenue stream and reduce the need for over-expenditure on operations. A strategic plan, being a set of various elements, is one of the core documents of any organization. Firstly, the content marketing channel will be constructed to drive the patient referrals and the setting of the patient-centered model for healthcare services. The content marketing strategy will streamline the development and provide information in the form of content that will be beneficial, and relatable to the patients. These encompasses intellectual property/channels like social media, email marketing and blogs that will elicit a wide audience and visualize the organization as a healthcare leader. It aims at providing individualized care, optimizing patients’ experiences and bettering the quality of the delivered services. We also envisage that this health clinic usage will lead to improved inpatient revenue (Al Thabbah et al., 2022).  NURS FPX 6216 Assessment 3 Budget Negotiations and Communication While this, all the operating expenses will undergo a thorough evaluation so as to identify measures that can lead to cost reduction even as the quality of services offered to the affected patients remains high. It is vital that cost should be considered in every department. I will start implementing this by; renegotiating insurance contracts; streamlining supply chain management and cutting supply costs; and yes, exploring energy saving solutions to minimize utility costs (Hecht et al., 2022). Moreover, steps will also be taken to help in process improvements that will provide better efficiency and performance and reduce wastage/minimize patient lead time. Due to this, registering the patient will be made easier and fastest, deploying electronic patient records, and scheduling staff for busy hours will be some of the areas that will be considered to boost productivity. Research findings by (Adedeji et al., 2022) Another thing is that service options will be enlarged to draw the attention of a broader consumer. To achieve this objective we shall be extending the range of care services available while at the same time partnering with other service providers for a win-win. Responsibilities Tasks for the Chief Operations Officer will include implementation of the strategic plan, and keeping in close collaboration with the Chief Medical Officer, Director of Operations, and Marketing Director. Areas of Uncertainty The profit plan and expense optimization mechanism of my enterprise have some unpredictability. These contain such things as *the* effectiveness of marketing strategies, whether cost-cutting measures can have a positive or detrimental impact on patient-care quality, the success of process improvement projects to optimize efficiency, and the expansion of services the hospital offers. The plan will address these uncertainties with its effectiveness and financial targets. As a support plan for the situation, below is my proposal on how the issue should be handled:The brunt of the strategic plan’s success lies in the University of Utah Health’s Primary Care Transformation Program (PCTP) as it incorporates process improvements, and efficient resource utilization, and operates at the edges of the spectrum. In this regard, the practice of PCTP employed marketing tactics by bringing the patient experience to the direct focus and ensure that the patient was put at the forefront of the operations, in the possible inference that this will cause more referrals and revenue (Glover et al., 2019). These improvement strategies helped them raise net patient revenue by 12% and cut operational expenses by about $4 million per year (Glover et al., 2019). NURS FPX 6216 Assessment 3: Budget Negotiations and Communication The costs for equipment and services are determined based on past usage and anticipated needs for the upcoming year. Assumptions regarding patient volume, staff turnover, and regulatory changes are factored into cost calculations. Research suggests that improving healthcare technology, reducing staff workload, and ensuring adequate medical services can enhance cost-effectiveness, turnover rates, and patient satisfaction (Arage et al., 2022). Maximizing available resources entails gathering input from stakeholders, including staff, patients, and community members. Staff input aids in identifying equipment and service needs, while patients provide feedback on care quality. Community members contribute insights into the unit’s role and potential areas for enhancement (Durrance-Bagale et al., 2022). By incorporating stakeholder feedback, St. Anthony’s Medical Center (SAMC) can optimize its equipment and service costs to meet organizational and community needs. Assumption: The healthcare facility anticipates consistent patient volume and acuity levels. Cost calculations consider regulatory changes impacting equipment and service costs. Staff turnover rates are expected to remain stable. Patient satisfaction and cost-effectiveness are prioritized in budget planning. Alignment of Budget with Organizational Mission and Goals: St. Anthony’s Medical Center aims to provide high-quality, compassionate healthcare services and lead healthcare innovation and community health. The budget aligns with these goals by investing in state-of-the-art equipment and technology to enhance patient care and outcomes. Additionally, resources are allocated for staff compensation and supplies to support patient-centered care and community health initiatives (Santos-Jaén et al., 2022). Conclusion (NURS FPX 6216 Assessment 3 Budget Negotiations and Communication) SAMC’s strategic plan addresses declining operating revenue by implementing marketing strategies, evaluating expenses, and enhancing efficiency. The plan’s success is supported by stakeholder feedback, cost calculations, and evidence from similar programs. Addressing uncertainties will be essential for achieving organizational objectives, fiscal stability, and quality care delivery (Glover et al., 2019). Overall, the plan provides a roadmap for SAMC to achieve its mission and ensure community well-being.  References Smith, J., Johnson, R., Williams, L., Brown, K., & Davis, P. (2023). Impact of

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NURS FPX 6216 Budget Negotiations and Communication

Preparation and Management as part of the Operating Budgeting For a 35-bed healthcare facility that had 20 full-time equivalents working on it, a budget known as the operating budget was carefully prepared to position it to meet various goals, plan and manage the general healthcare activities and financial allocations as well as to carry out the quality initiatives. Effective negotiation and open communication are important for the organization’s position, and to manage the budget for success (Penner, 2017). The present article has been written with the main purpose of developing a plan on how to reach profitability, strengthen staff productivity indicators, explain the expenditures budget, and align it with the organization’s mission and goals. NURS FPX 6216 Budget Negotiations and Communication NURS FPX 6216 Budget Negotiations and Communication To ensure profitability and fiscal success, several strategies are proposed. Firstly, adopting a strategic approach to budget planning identifies areas for improvement and minimizes the risk of budgetary shortcomings. For example, investing $200,000 in infection prevention requires strategic planning to avoid operational gaps and optimize outcomes (BS, 2021). Secondly, implementing a robust budget tracking process promotes interprofessional collaboration and ensures efficient resource utilization. Tracking resource usage helps prevent unnecessary expenditures and ensures financial success (Hill, 2018). Additionally, dynamic budgeting, tailored to evolving patient needs and staffing requirements, enhances resource allocation effectiveness (Amirkhani et al., 2019). Lastly, implementing diverse pricing models across different units and departments optimizes revenue generation and cost management (Garrison & Towse, 2017). Strategic plan to ensure profitability and fiscal success This involves revenues and expense computations, granting funds to improve the services, purchase equipment, and cover service fees, and the building’s infrastructure. Last fiscal year, it is projected that the revenue reaches $2,209,100000 thousand, with expenses expected to be at $1,126,700 thousand, resulting in a budget of $432,400 for 2021(BS, 2021). These additional expenses do not stay the same, and consequently, it is fundamental to make strict budgetary policies and measures that can assist in reaching the financial objectives (Voda et al., 2018).   NURS FPX 6216 Budget Negotiations and Communication In order to be profitable and sustainable the organization needed to adopt the following strategies. Busing the budget planning strategically means figuring out the areas that can be improved and avoiding budgetary difficulties. For example, allocating $200,000 for infection prevention is not likely to achieve the results expected if not treated as a strategic plan sensitive to potential operational gaps and time/space optimization (BS, 2021). Another thing to note is that, through a well-structured budget tracking process, there is a possibility to not only promote inter-professional collaboration but also to make the best use of resources. The tracking of the resource provision cuts unspending to record financial productivity (Hill, 2018). Moreover, the dynamic account budgeting which is flexible to deal with evolving patients’ needs and crew members demands improves the resources allocation effectiveness (Amirkhani et al. , 2019). In addition, the management can achieve the proper balance between revenue generation and cost management by applying different pricing models for different units and departments (Garrison & Hand Towse, 2017).Plan to meet staff productivity goals Plan to meet staff productivity goals Balancing of Actuals with Budgets: Preparation and Management as part of the Operating BudgetingFor a 35-bed healthcare facility that had 20 full-time equivalents working on it, a budget known as the operating budget was carefully prepared to position it to meet various goals, plan and manage the general healthcare activities and financial allocations as well as to carry out the quality initiatives. Effective negotiation and open communication are important in the organization’s position; and in managing budget for success (Penner, 2017). The present article has been written with the main purpose of developing a plan for how to reach profitability, strengthen staff productivity indicators, explain the expenditures budget, and align it with the organization’s mission and goals. This involves revenues and expense computations, granting funds to improve the services, purchase equipment, and cover service fees, and the building’s infrastructure. Last fiscal year, it is projected that the revenue reaches $2,209,100000 thousand, with expenses expected to be at $1,126,700 thousand, resulting in a budget of $432,400 for 2021(BS, 2021). These additional expenses do not stay the same, and consequently, it is fundamental to make strict budgetary policies and measures that can assist in reaching the financial objectives (Voda el al., 2018).Conclusion NURS FPX 6216 Budget Negotiations and Communication Conclusion NURS FPX 6216 Budget Negotiations and Communication In conclusion, To be profitable and sustainable the organization needed to adopt the following strategies. Busing the budget planning strategically means figuring out the areas that can be improved and avoiding budgetary difficulties. For example, allocating $200,000 for infection prevention is not likely to achieve the results expected if not treated as a strategic plan sensitive to potential operational gaps and time/space optimization (BS, 2021). Another thing to note is that, through a well-structured budget tracking process, there is a possibility to not only promote inter-professional collaboration but also to make the best use of resources. The tracking of the resource provision cuts unspending to record financial productivity (Hill, 2018). Moreover, dynamic account budgeting which is flexible to deal with evolving patients’ needs and crew members demands improves resource allocation effectiveness (Amirkhani et al. , 2019). In addition, the management can achieve the proper balance between revenue generation and cost management by applying different pricing models for different units and departments (Garrison & Hand Towse, 2017).

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NURS FPX 6105 Assessment 1 Learning Theories and Diversity

NURS FPX 6105 Assessment 1 Learning Theories and Diversity

Educational Theories and Learner Diversity The development of courses and their content is fundamentally based on learning theories, which guide how material is tailored for particular student demographics. For clinical nurse educators, this demographic typically includes adult learners who have earned degrees or nursing credentials from accredited institutions and are either transitioning into clinical roles or seasoned nurses seeking to update their skills in certain areas of nursing practice. Therefore, when creating courses for these learners, educators must choose a relevant learning theory to shape the course design. In this case, the educator opts for adult learning theory to teach newly hired nurses at a clinical facility about maintaining a work-life balance. This discussion explores the course setting, the educational theory employed and its rationale, the variety of learners the educator will engage with, and approaches to handling conflict within the learning environment. NURS FPX 6105 Assessment 1 Learning Theories and Diversity Course Structure and Learning Environment In the role of a clinical nurse educator, a key responsibility includes delivering staff development education aimed at motivating nurses within clinical environments, offering guidance and mentorship, and instructing them on how to achieve their professional aspirations. A fundamental requirement for nurses making the transition from academic settings to clinical practice is learning how to maintain a healthy work-life balance. According to Matsuo et al. (2021), achieving a solid work-life balance is crucial for the effective recruitment and retention of a robust nursing workforce. The absence of this balance often leads to a heightened desire among nurses to exit their clinical roles, presenting a significant challenge for healthcare organizations as high nurse turnover adversely impacts their ability to provide patient care (Matsuo et al., 2021). Therefore, it is essential for incoming nurses to receive guidance and mentorship on strategies that support work-life balance, ensuring they do not become so overwhelmed that they consider leaving their positions. To address this, the subject of work-life balance will be introduced during the orientation sessions for nurses newly hired at the clinic. The course aims to (a) assist these new nurses in adjusting to their clinical roles, (b) bolster retention rates by nurturing their work-life balance, and (c) foster a nurturing environment for these newcomers. The instruction on work-life balance will be incorporated into the coaching and orientation framework through structured training programs and practical learning experiences. The intended recipients of these lessons are the newly recruited nurses assigned to various departments such as the Intensive Care Unit (ICU), High-Dependency Unit (HDU), Emergency Department (ED), and general wards. Theory of Education The course development is grounded in adult learning theory, which encompasses five principal orientations: cognitivist, behaviorist, humanistic, social cognitive, and constructivist, as identified by Allen et al. (2021). The cognitivist approach facilitates the structured delivery of content in classroom environments, focusing on enhancing students’ ability to learn more effectively. The behaviorist approach, conversely, aims at modifying behavior through coaching and targeted practice in skill development settings. The humanistic approach focuses on addressing emotional and developmental needs, encouraging learners towards self-actualization and self-awareness. Social cognitive theory emphasizes learning through role models, interactions, and observations, while the constructivist approach involves learning through engaging in real-world tasks and reflective practice (Allen et al., 2021). These orientations each serve a unique function in educating adult learners in clinical environments across various domains. For the topic of work-life balance, the social-cognitive orientation is deemed most suitable. This orientation, as outlined by Allen et al. (2021), suggests that learning is most effective within a social context, through interaction with others. It underscores the importance of learning new behaviors and roles by engaging with more experienced peers, benefiting from their insights through both structured and informal settings. This learning mechanism relies heavily on the learner’s engagement with a realistic setting, emphasizing experiential learning as a core component. The methodology aligns with David Kolb’s experiential learning cycle, highlighting the significance of practical experience in the learning journey. Justification of Theory The application of adult learning theory to teaching work-life balance in a clinical setting will be integrated into the coaching and orientation program for newly hired nurses. This approach positions the clinical nurse educator as both an instructor and a mentor for the new medical professionals. As highlighted by Allen et al. (2021), conveying information through coaching and mentorship aligns with the social-cognitive framework of adult learning theory. Within this framework, a role model might be a formal mentor, a supervisor, or a seasoned team member within the learner’s organizational context. Such individuals provide support to the learner by creating a network conducive to learning and professional growth (Allen et al., 2021). This model is particularly effective for teaching the concept of work-life balance, with the clinical nurse educator serving as the mentor and experienced nurses across various departments acting as the supportive network necessary for the newcomers to learn and develop. NURS FPX 6105 Assessment 1 Learning Theories and Diversity Existing evidence points to the successful application of the adult learning theory in training adult learners in clinical settings. Curran (2014) reviewed existing literature on learner-centered teaching styles and found out that the application of adult learning theory promotes the engagement of learners, their learning outcomes, and the transferability of the lessons to diverse practice settings. Allen et al. (2021), from their review of leader development programs, argued that the professional training curricula adopted in medical education – as well as in the military – successfully apply the elements of the adult learning theory to impart knowledge and skills to the students. The evidence from their research supports the use of specific orientations of the theory in educating learners on specific topics. Mukhalalati and Taylor (2019) further provided support for the adoption of Kolb’s experiential learning cycle in providing health education. Diversity of Learners The major diversity issue in the clinical practice setting is the differences in age among the new nurses targeted by the intervention. A recent trend observed at the facility is that many of the newly recruited nurses from

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