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Financial Accountability and Nursing’s Role

Financial Accountability and Nursing’s Role
Assignment 4: Financial Accountability and Nursing’s Role in Decision-Making Paper This assignment broadens the students understanding and knowledge of the various roles financial management and nursing leaders play in the business of healthcare. Have you ever said to yourself “If we only did things this way, this department/unit would more efficiently and cost effective? Or what about “I have an idea to improve care and save money?” For this assignment, the student will identify a workplace/unit issue or concern. Create a plan related to the issue/concern that could help the unit become more efficient and cost effective. A major emphasis of this assignment is to focus upon on how to be more cost effective without compromising quality and safety. How can the plan improve the fiscal health of the department and/or unit? Areas and ideas to consider might include: • Charge for procedures not previously charged for • Changing brands of items • Creating a new department • Outsourcing procedures or personnel • Buying new or different equipment • Hiring personnel • Eliminating procedures, departments, supplies, etc. • Redesigning procedures, department layout, policy Assignment Criteria Develop a scholarly paper that addresses the following criteria: 1. Identify and fully describe the problem or issue. 2. Describe in detail why this is a problem/issue and how it affects patients, nursing, and the organization in terms of fiscal management. Be specific. 3. Financial Accountability and Nursing’s Role


Develop a plan or proposal related to the chosen problem on how to improve the fiscal health of the department/unit. 4. Include a literature review supporting the plan. • Describe how the literature/evidence describes the problem/issue or supports the plan/ideas to resolve the problem/issue • Discuss specific goals and objectives for implementing this plan/proposal 5. Identify specific strategies for solving this problem based on the readings and literature. 6. Include a proposed budget that shows the anticipated cost savings. • Discuss the return on investment expected (when, who, how, etc.) • This can be described in (a) narrative format within the paper, (b) in a table within the paper, or (c) as an appendix 7. Include a proposed time line for implementation. 8. Describe how the proposal/plan effectiveness will be evaluated. 9. The scholarly paper should be four to six (4-7) pages excluding the title page, reference page, and appendices. 10. Include level 1and 2 headings to organize the paper. 11. The paper should begin with an introductory paragraph that includes the purpose statement. 12. The paper should include a conclusion. 13. Write the paper in third person and a scholarly manner. To clarify: I, we, you, me, our may not be used. In addition, describing yourself as the researcher or the author should not be used. 14. Include a minimum of five (5) references from professional peer-reviewed nursing journals to support your paper. References should be from scholarly peer-reviewed journals (review in Ulrich Periodical Directory) and be less than five (5) years old. 15. APA format is required Financial Accountability and Nursing’s Role


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