NR533 Budget Development
In order to maximize patient care and revenue, while delegating resources and nurses more efficiently, nurse managers must be able to predict the potential performance of their organization as accurately as possible, which is achieved through budget development. Budget Development allows nurse managers and executives to identify early warning signs and obvious risks, giving them a chance to tackle these issues at an early stage before they affect the performance of their unit.
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Get Help Now!With these warning signals and risks mitigated, nurses can more effectively work on the right prioritized opportunities. This paper will develop a budget for a cardiac unit and will discuss key concepts and strategies of budget development. Identify Steps to Develop a Budget
The first step in establishing a budget would be to evaluate the patient care hours per day that is required to staff the unit and then determine how many employees are required to properly staff the unit. Based on previous encounters, it would then be required to forecast the expected census of the unit. After looking at the first two steps the next step would be to evaluate how many full-time staff members are needed to staff the expected patient care hours. Once this is……………………….
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