NURS FPX 6216 Assessment 3 Budget Negotiations and Communication

NURS FPX 6216 Assessment 3 Budget Negotiations and Communication

Similarly, in regards to the services, hygiene management, maintenance, and training expenses were equally high, as it is one of the significant aspects of reducing turnover and providing patient-centered care. All of these can be achieved by developing strict policies for the maintenance of standards, which can quickly help generate revenue. Research has highlighted that working on services and equipment maintenance can help in patient-centered care associated with having better facilities within the organization and increasing the sense of belonging among the staff members (Edgman-Levitan & Schoenbaum, 2021). Moreover, it relies on the assumption that equipment maintenance can help provide better working machinery. In contrast, this service expense can help increase staff motivation to work with patients.

Link Between the Organization’s Mission and the Project

The project aims to align with the organization’s mission to provide patient care and inter-professional collaboration for better care provision for the elderly population. The current project is aimed at increasing financial performance while keeping staff retention and patient-centered care in mind. The budget is designed to improve patient interactions within the hospital and work to increase their satisfaction level by providing patient-centered care. Similarly, the budget is based on reducing the organization’s turnover rate by improving the retention rate based on appraisals and compensation packages. Research has supported the idea that financially stable organizations have better strategic planning to improve patient care (Dennis, 2019); thus, budget efficacy and accuracy help the hospital focus on factors such as employee retention, training, and development, which further work in support of increasing the effectiveness of patient care.

Conclusion 

Consequently, the current assessment is based on effective budget management for financial security and to improve the standards of care for the organization. Strategic planning can help improve the process by guiding each step and ensuring the budget is aligned with profitability. In contrast, staff productivity can be enhanced by implementing feedback loop suggestions, knowing the changes, and conducting continuous monitoring. Lastly, the budget is linked to the ultimate goal and mission of the organization, which is to provide patient-centered care.

References 

Dennis, C. (2019). Strategic planning—A health system operational perspective. Journal of Hospital Management and Health Policy, 3(0). https://doi.org/10.21037/jhmhp.2019.10.03