EXPERIENCE

This week’s readings contained a great deal of information on financial and budgeting principles. Some of you may have had some familiarity with the concepts and maybe even experience in working with them. However, there is always something new to learn. Describe your prior experiences with financial and budgeting principles, whether personally or professionally. Include your current involvement in budgeting at your institution.

REFLECTION

What pre-conceived notions related to healthcare financial and budgeting principles did you hold before this week that you understand better now or for which you have a different perspective? Reflect on at least two specific concepts.  How have these new revelations influenced your thinking related to access, availability, and quality of healthcare?

IMPLICATIONS FOR THE FUTURE

• How has your enhanced knowing affected the way you view your proposed project?
• What areas of additional financial or budgeting data gathering have you identified as a need for your plan?

Solution

Experience

We mastered a great deal this week about the nurse manager ‘s budget. There’s the capital spending budget as well as the operating budget. The operating budget is created for using the device every day. This will incorporate supplies, equipment, and utilities. The capital budget is for items which span more than a several years like equipment or maybe materials which are costly (Massarweh and Waxman, 2018).

Budgeting likewise entails finding out nursing hours each day as well as patient census.………..please follow the link below to purchase the solution at $5