NUR 621 Discuss the budget process where you work

Grand Canyon University NUR 621 Discuss the budget process where you work-Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University NUR 621 Discuss the budget process where you work assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for NUR 621 Discuss the budget process where you work                           

Whether one passes or fails an academic assignment such as the Grand Canyon University NUR 621 Discuss the budget process where you work depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for NUR 621 Discuss the budget process where you work                         

The introduction for the Grand Canyon University NUR 621 Discuss the budget process where you work is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for NUR 621 Discuss the budget process where you work                         

After the introduction, move into the main part of the NUR 621 Discuss the budget process where you work assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for NUR 621 Discuss the budget process where you work                         

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for NUR 621 Discuss the budget process where you work                           

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

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Sample Answer for NUR 621 Discuss the budget process where you work

Re: Topic 7 DQ 2

Organizations are founded to convert limited resources into goods and services. It is similar to healthcare organizations, which utilize inputs such as medical equipment, staff, and health insurance to better patient outcomes. As a result, healthcare organizations create budgets to estimate revenues and expenses. This discussion examines the budget process at my work and possible improvement areas.

Budgeting in a healthcare organization is critical as it estimates costs and potential revenues. At my work, the budget seems to be dominantly focused on financial inputs. Therefore, the budgeting process is concerned with estimating the price of inputs to the various hospital operations. Additionally, the last year’s expenses are used to determine budget allocations. However, the budgeting process should be holistic, and therefore, this budgeting is not effective. The major positive of this budgeting process is that it considers the costs of operations, enabling seamless operations completion at the scheduled time. However, there are components of the budgeting process that can be improved.

There are some improvements that can be made to the budgeting process at the organization. For instance, the hospital should focus on performance-based budgeting, which considers the purpose and outcome instead of the prior year’s expenditure (Homauni et al., 2023). It will help align planning and budgeting with an outline of short-term, medium, and strategic goals. The utilization of this budgeting process enhances healthcare quality provision (Salehi et al., 2020). The funding of the healthcare organization is based on the set performance threshold, which prompts the organization to enhance its performance (Decker et al., 2023). Some improvements are necessary in the organization’s budgeting process to implement performance-based budgeting. For instance, budgeting should change from cash to accrual,  and performance-based, productivity management, evidence-based evaluation, and decision-making should be implemented.

In conclusion, healthcare budgeting is a complex process. It requires interdisciplinary participation to promote commitment. The involvement of healthcare practitioners integrates clinical experience into the operational aspects to ensure appropriate budgetary decisions.

References

Decker, K. L., Schwab, S. D., Bazzoli, G. J., Chukmaitov, A. S., & Wernz, C. (2023). Impact of performance-based budgeting on quality outcomes in U.S. Military Health Care Facilities. Health Care Management Review, 48(3), 249–259. https://doi.org/10.1097/hmr.0000000000000372

Homauni, A., Markazi-Moghaddam, N., Mosadeghkhah, A., Noori, M., Abbasiyan, K., & Balaye Jame, S. Z. (2023). Budgeting in healthcare systems and organizations: A  systematic review. Iranian Journal of Public Health, 1889–1901. https://doi.org/10.18502/ijph.v52i9.13571

Salehi, A. S., Borghi, J., Blanchet, K., & Vassall, A. (2020). The cost-effectiveness of using performance-based financing to deliver the basic package of health services in Afghanistan. BMJ Global Health, 5(9). https://doi.org/10.1136/bmjgh-2020-002381

Sample Answer 2 for NUR 621 Discuss the budget process where you work

My organization utilizes a combination of capital budgeting, statistical projection, revenue budgeting, and operating budgets, that I am aware of. I didn’t give much thought into the capital budget until I moved into the clinic setting, and the fiscal year was ending. We were asked to submit any capital spending requests. This is where I learned that the capital budget was the equipment and infrastructure. We submitted for new waiting room furniture, and for an office enclosure with a door for a new provider that was starting. We are always looking at the statistical projections with each provider’s patient panel, how many new patients they can see each week, and how they can grow their panel for the next year. Revenue and operating budgets are linked in a way. Revenue is how much money is brought into the organization, and the operational budget is how much money it costs to run the organization (Zhang & Bohlen, 2023). This is always interesting to me because the revenue brought in always seems much greater than the cost. The organization seems to try to do more with less, especially when it comes to staffing. When I started in the clinic setting, there was a staffing matrix of 1.7 medical assistants per 1.0 fte’d provider and 1 RN per 4 providers total, regardless of fte. Now that the fiscal year has passed, the organization has changed the matrix to not as specific. Now, the staffing isn’t based on provider fte, but the provider’s panel size. After doing the math, it seems to be 1.2 medical assistants to each provider and 1 RN per 6 providers. While I understand that there needs to be some sort of budgetary regulation, overworking staff will only cause turnover, which can have even more of a negative effect on budgets.

Reference

Zhang, R., & Bohlen, J. (2023). Healthcare business budgeting. National Library of Medicine. https://www.ncbi.nlm.nih.gov/books/NBK589707/