Unit budget and what types of categories are listed and how are funds allocated? Think about the acute dialysis unit. budget. Does it appear to have efficient resource utilization? Identify areas where modification could be made. Look for categories in which you think you might be able to save costs.Does anything stand out as an item in which grant funding could help? Describe to your peers what you feel will be the most important in making budget decisions in your future as a nurse leader. Nursing Leadership Essay Discussion Paper
Nursing Leadership
Unit budget and what types of categories are listed and how are funds allocated?
The budget for a unit in a hospital will have five main categories that describe the services offered in the unit. Firstly, nursing services that cover all nursing efforts in the unit. Secondly, professional medical services that cover efforts by physicians and other medical personnel such as psychotherapists. Thirdly, general services that cover all the maintenance services that go into the unit to include cleaning. Fourthly, fiscal services that are related to revenue collection to include billing and medical fees collection. Finally, administrative services that are related management efforts to plan, coordinate and direct in an effort to allow the unit operate efficiently (Buppert, 2020).
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Think about the acute dialysis unit. budget. Does it appear to have efficient resource utilization? Identify areas where modification could be made. Look for categories in which you think you might be able to save costs. Does anything stand out as an item in which grant funding could help?
There are four practices that must be applied in a budget to ensure efficient resource utilization. Firstly, understanding the resources that are in short supply and focusing on them. Focusing on the constrained resources and planning around their availability helps in avoiding unnecessary delays and bottlenecks. Secondly, prioritizing resource sharing for work and embracing working across resources and departments/units. This ensure that resources are used to capacity with no delays. Thirdly, plan for the resource use with start and finish dates aligned with formally defined work durations. This aligns the resources with the strategic outcomes they support. Finally, keeping the most valuable resources productive without over utilizing them (Buppert, 2020).
Describe to your peers what you feel will be the most important in making budget decisions in your future as a nurse leader.
There are four important factors in making budget decisions. Firstly, incomes as it determines what is available to fund the budget. Secondly, costs as it reflects the expense areas that are addressed by the budget. Thirdly, balance in terms of matching the incomes with the costs. Finally, short-term and long-term goals that the organization and unit seek to achieve. The budget must make progress towards achieving the goals (Buppert, 2020).
Reference
Buppert, C. (2020). Nurse Practitioner’s Business Practice and Legal Guide (7th ed.). Jones & Bartlett Learning, LLC. Nursing Leadership Essay Discussion Paper