Remaining Financially Sound Currently, healthcare is a very competitive market.Hospitals are promoting their services through social media as well as…

Remaining Financially Sound

Currently, healthcare is a very competitive market. Hospitals are promoting their services through social media as well as other multimedia advertisement. Medical centers are negotiating with businesses and companies in order to contract to serve their populations. Insurance companies and hospitals broker for agreements on reimbursements that best serve their stakeholders. Cost of services are a factor in these negotiations and greatly impacts the hospitals financial underpinnings. 

Nurses and nurse managers are on the frontline for affecting hospitals financial standing, affecting the budget bottom line. Whether you’ve been a nurse for a short period of time or for many years, you should be a cost conscious nurse, able to identifying areas that need improvement on your unit.

Instruction: 

Identify a problematic area for your unit. Have conversation with your team members and get their input on how they perceive your observation. Research through nursing journals on how other facilities or nurse leaders have addressed the problem.

Present your finding and develop a quality improvement initiative for your unit or hospital. Obtain and complete Quality Improvement paperwork from your healthcare facility. Attach as an addendum to your paper.

Needed by 1am 5/4/19