Prof Name Course Name Student Name Capella University Assessment 3 Budget Negotiations and Communication NURSFPX com June 10 2024 Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email us at Contact nursfpx com Website NURSFPX com For Free MSN Sample NURSFPX com free Sample Budget Negotiations and Communication NURSFPX com Overseeing an operating budget stands as a crucial responsibility for nursing leaders demanding meticulous oversight and strategic foresight This evaluation centers on formulating and negotiating a budget for a 35 bed hospital specializing in elderly care with a workforce of 20 full time equivalent employees a significant portion of whom work part time Central to the budget s rationale and communication are staff retention and patient centered care spotlighting strategic endeavors to bolster fiscal profitability staff efficiency validate equipment and service expenditures and harmonize with organizational aims The budget scrutiny initiates with a needs evaluation pinpointing staff retention and patient centered care as primary imperatives Employing a SWOT analysis the strategic blueprint endeavors to fortify these domains directing nursing leader interventions towards identified requisites Gharachorloo et al 2021 Strategic Plan for Profitability and Fiscal Success Primarily the plan accentuates employee retention schemes offering performance evaluations and competitive remuneration packages to amplify contentment and drive Engaged personnel positively influence clinical outcomes and patient centered care by Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email us at Contact nursfpx com Website NURSFPX com For Free MSN Sample NURSFPX com free Sample means of augmented salaries overtime compensation and merit based increments Panda Sahoo 2021 Plan for Staff Productivity Goals Patient centered care is endorsed through an amalgamated system encompassing patient feedback surveys and nurturing a milieu of compassion and personalized attention Healthcare enhancement strategies such as infection control and readmission reduction buttress this approach Kwame Petrucka 2021 Training initiatives are proposed to tackle staff contentment and care benchmarks providing exhaustive training for both novice and experienced staff members facilitated by cross functional teams to mitigate infection rates and enrich patient outcomes The plan accommodates uncertainties in strategic planning for fiscal prosperity contemplating factors such as market fluctuations economic circumstances industry trends regulatory shifts and technological progressions Augmenting staff productivity stands as pivotal for patient centered care Strategies encompass feedback mechanisms to address workload concerns heightening stakeholder awareness for efficacious communication of alterations and perpetual progress tracking Xi et al 2023 Alternative methodologies like outsourcing and obligatory overtime are disregarded due to practicality constraints NURSFPX com The budget synchronizes with the organization s mission of furnishing patient care and fostering inter professional collaboration for the elderly striving to enrich patient interactions elevate satisfaction levels and curtail turnover Financial solidity bolsters organizational aspirations encompassing employee retention training and development ultimately amplifying patient care efficacy Dennis 2019 The budget prioritizes indispensable utilities and expenses especially medical supplies medications and equipment upkeep to ensure efficient budget governance and patient centered care Xi et al 2023 Link Between the Organization s Mission and the Project Justification of Equipment and Service Costs Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email us at Contact nursfpx com Website NURSFPX com For Free MSN Sample NURSFPX com free Sample Conclusion Effective budget oversight holds paramount importance for financial stability and elevating care benchmarks Strategic delineation steers each stride ensuring congruence with profitability objectives fortifying staff efficiency and reaffirming principles of patient centered care The budget epitomizes the organization s dedication to its mission of dispensing exemplary patient care NURSFPX com 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 Edgman Levitan S Schoenbaum S C 2021 Patient centered care Achieving higher quality by designing care through the patient s eyes Israel Journal of Health Policy Research 10 21 https doi org 10 1186 s13584 021 00459 9 Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email us at Contact nursfpx com Website NURSFPX com For Free MSN Sample NURSFPX com free Sample References Gharachorloo N Nahr J G Nozari H 2021 Swot analysis in the general organization of labor cooperation and social welfare of east Azerbaijan province with a scientific and technological approach International Journal of Innovation in Engineering 1 4 47 61 https doi org 10 59615 ijie 1 4 47 Karaferis D Aletras V Raikou M Niakas D 2022 Factors influencing motivation and work engagement of healthcare professionals Materia Socio Medica 34 3 216 224 https doi org 10 5455 msm 2022 34 216 224 Kwame A Petrucka P M 2021 A literature based study of patient centered care and communication in nurse patient interactions Barriers facilitators and the way forward BMC Nursing 20 1 158 https doi org 10 1186 s12912 021 00684 2 Xi Y Ding Y Cheng Y Zhao J Zhou M Qin S 2023 Evaluation of the medical resource allocation Evidence from China Healthcare 11 6 829 https doi org 10 3390 healthcare11060829 Panda A Sahoo C K 2021 Work life balance retention of professionals and psychological empowerment An empirical validation European Journal of Management Studies 26 2 3 103 123 https doi org 10 1108 EJMS 12 2020 0003 NURSFPX com Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email us at Contact nursfpx com Website NURSFPX com For Free MSN Sample NURSFPX com free Sample