NURS FPX 6216 Assessment 2 Preparing and Managing an Operating Budget

Similarly, another assumption is that the training can help empower the staff to become confident in their practice and utilize patient-centered care, which reduces defensive treatments. Lastly, the whole budget approach is based on the underlying assumption that positive change within the environment can help improve clinical outcomes and staff satisfaction, leading to long-term success and revenue generation. The purpose of the current spending plan is to reduce non-productive time by keeping track of employees’ clock-in and clock-out times, evaluating the quality of overtime, assigning appropriate responsibilities and benefits to employees, providing paid time certificates, or compensating in the form of bonuses and appraisals.

Similarly, fostering a culture of work life balance to promote nurses shift work routines to provide them rest and enhance their productivity. Studies have highlighted that overtime impacts work productivity, reduces morale, and has a psychological effect (Wong et al., 2019). Moreover, the ongoing budget for equipment and supplies is associated with maintenance that can be managed by using technology in a accurate manner and utilizing services within the capacity limit. 

Conclusion

 In conclusion, the current assessment was based on developing an operational budget for a 35-bed small facility with 20 equivalent employees. The budget focus on staff retention and providing patient-centered care. The planned budget developes by conducting a need analysis. Using a balanced scorecard and SWOT analysis to identify trends, opportunities, and threats to help the organization combat the turnover issue while simultaneously working on patient-centered care. Further, staff retention, patient-centered care, and training and development were suggested to improve turnover issues, while timely evaluation and adjustment can help improve the budgeting process.

References 

Abdulsalam, Y., & Schneller, E. (2019). Hospital supply expenses: An important ingredient in health services research. Medical Care Research and Review, 76(2), 240–252. https://doi.org/10.1177/1077558717719928