Posted: February 21st, 2022
Budgeting for Nursing Processes
Staff Members to Include in the Meeting
Financial planning and management are important in healthcare. There is, however, conflict when it comes to balancing between patient care and the financial costs of healthcare. Healthcare organizations need to make money as they are expected to care for patients indiscriminately. To ease the conflict between profit-making and patient care, it is important to consult with the various department heads. In this case, I would involve nurse managers in resolving the conflict. Nurse Managers are tasked with leading staff units towards achieving organizational goals. Nurse Managers are the unit’s change agents, making choices that direct the unit’s actions. They collaborate with other members of their unit to inspire, encourage, and engage directors, unit personnel, and consumers. As managers, nurses are in charge of the unit’s operations, finances, budgets, and the attainment of strategic goals (James et al., 2018). When employing personnel, nurse managers make certain that the unit’s staffing requirements are satisfied in the most cost-effective manner feasible so that monies that might otherwise be spent on recruitment may instead be spent on keeping high-performing employees. Aside from recruiting and training, nurse managers collaborate extensively with employees on professional development. Nurse supervisors mentor staff members as they advance in their jobs on the unit.
I would include human resources managers. Human resource management tasks include job analysis and staffing, the structure and usage of the workforce, measurement and evaluation of workforce performance, implementation of incentive systems for employees, professional development of workers, and workforce maintenance. I would also include accounts management to help break down the financial needs and explain the importance of financial planning in the organization. The human resources manager is also an important person to involve in the conversation since they are tasked with managing issues such as salaries, compensations, employees complaints, among other issues affecting the staff.
Microsoft PowerPoint Presentation
A PowerPoint presentation on the issues raised and the proposed solutions will help the parties to understand the issues. The PowerPoint presentation will include the following topics and questions:
After the presentation, we will have devised ways to help the nursing staff balance their financial needs and patient care. For starters, we can hold a meeting of the nursing staff to explain the importance of finances in nursing care. The staff needs to understand that without a proper cash flow, the organization will not pay the staff and equip the facility with all that is needed to facilitate quality patient care (Waxman & Massarweh, 2018). The staff will also be educated on the need to advocate for good working conditions and better pay to improve their care for patients. The staff should be helped to deal with the guilt of charging patients. The hospital staff must understand that it is not evil to make a living from nursing practice since it is a career like any other. Nurses are an important part of medical practice and deserve to make a living out of it as much as they feel the conviction to care for patients without asking for compensation.
James, C., Gmeinder, M., Ruiz Rivadeneira, A. M., & Vammalle, C. (2018). Health financing and budgeting practices for health in South Africa. OECD Journal on Budgeting, 17(3), 95-126. https://doi.org/10.1787/budget-17-5j8sd88t3sr3
Waxman, K., & Massarweh, L. J. (2018). Talking the talk: Financial skills for nurse leaders. Nurse Leader, 16(2), 101-106. https://doi.org/10.1016/j.mnl.2017.12.008
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