As you continue, thestudycorp.com<\/a> has the top and most qualified writers to help with any of your assignments. All you need to do is place an order <\/a>with us.<\/p>\n\n\n\n NURS 4455 Financial Management Case Study<\/p>\n\n\n\n NURS4455 Nursing Leadership and Management<\/p>\n\n\n\n Module 3 Assignment 1<\/p>\n\n\n\n Name: Date:<\/p>\n\n\n\n Overview: Financial Management Case Study<\/p>\n\n\n\n One of the important duties of a nurse leader is to manage personnel and personnel budgets. In this assignment, you will assume the role of a nurse manager. You will use given data to make important decisions regarding budgets and staffing.<\/p>\n\n\n\n Some nurse managers have computer spreadsheets or software applications to help them make decisions regarding budgets and staffing. You will only need simple mathematical operations* to perform the needed calculations in this assignment because the scenario has been simplified. Furthermore,some data have been provided for you that a nurse leader might need to gather or compute in a real setting. Still, you will get a glimpse of the complexity of responsibilities nurse leaders shoulder regarding financial management.<\/p>\n\n\n\n \u2022 To calculate the percent of the whole a given number represents, follow these steps:<\/p>\n\n\n\n Change the percentage to a decimal number by moving the decimal twice to the left (or dividing by 100).<\/p>\n\n\n\n Multiply the new decimal number by the whole.<\/p>\n\n\n\n Example: What is 30% of 70?<\/p>\n\n\n\n 30%= .30; (.30) \u00d7 70 = 21<\/p>\n\n\n\n \u2022 To find out what percentage a number represents in relation to the whole, follow these steps:<\/p>\n\n\n\n Divide the number by the whole (usually the small number by the large number).<\/p>\n\n\n\n Change the decimal answer to percent by moving the decimal twice to the right (or multiplying by 100).<\/p>\n\n\n\n Example: What percent of 45 is 10?<\/p>\n\n\n\n 10 \u00f7 45 = .222; so, 10 is 22% of 45.<\/p>\n\n\n\n * You will only need addition, subtraction, multiplication, and division.<\/p>\n\n\n\n Case Study<\/p>\n\n\n\n You are the manager for 3 West, a medical\/surgical unit. You have been given the following data to assist you in preparing your budget for the upcoming fiscal year.<\/p>\n\n\n\n Patient Data<\/p>\n\n\n\n Average Daily Census (ADC): 55<\/p>\n\n\n\n Budget based on 6.2Avg.Hours per patient day (HPPD)<\/p>\n\n\n\n (6.2HPPD excludesNurse Manager and unit secretaries)<\/p>\n\n\n\n Staff Data<\/p>\n\n\n\n Total FTEs 40.0 Variable FTEs<\/p>\n\n\n\n 1.0 Nurse Manager<\/p>\n\n\n\n 2.5 Unit Secretaries<\/p>\n\n\n\n 43.5Total FTEs<\/p>\n\n\n\n Staffing Mix<\/p>\n\n\n\n RN 75%<\/p>\n\n\n\n LVN 10%<\/p>\n\n\n\n NA 15%<\/p>\n\n\n\n Average Salary Scale per Employee<\/p>\n\n\n\n Benefits are 35% of annual salaries<\/p>\n\n\n\n Nurse Manager $75,000.00 per year<\/p>\n\n\n\n Registered Nurses (RN) $34.00 per hour<\/p>\n\n\n\n Licensed Vocational Nurses (LVN) $20.00 per hour<\/p>\n\n\n\n Nurse Aides (NA) $14.50 per hour<\/p>\n\n\n\n Unit Secretary (US) $12.00 per hour<\/p>\n\n\n\n NURS 4455 Financial Management Case Study<\/p>\n\n\n\n Questions<\/p>\n\n\n\n 1. How many RNs, LVNs, and NAs, by category, are on the staff of 3 West? (Round FTEsto the nearest tenth.)Compute totals for each column.<\/p>\n\n\n\n Positions Variable FTEs % by Position FTEs by Position<\/p>\n\n\n\n RN 40 0.75 30<\/p>\n\n\n\n LVN 40<\/p>\n\n\n\n NA 40<\/p>\n\n\n\n Totals<\/p>\n\n\n\n 2. Compute the annual salary budget for 3 West.<\/p>\n\n\n\n Compute totals for appropriate columns.<\/p>\n\n\n\n Positions FTEs Salary Hours Salary Subtotals Amount of Benefits Total<\/p>\n\n\n\n MANAGER 1.0 $75,000 XXXX $75,000 $26,250<\/p>\n\n\n\n RN 30 $34 2080 $2,121,600<\/p>\n\n\n\n LVN 2080<\/p>\n\n\n\n NA 2080<\/p>\n\n\n\n Sec 2080<\/p>\n\n\n\n NURS 4455 Financial Management Case Study<\/p>\n\n\n\n Totals XXXXX XXXXXX<\/p>\n\n\n\n 3. Your hospital unit, 3 West, is a 60-bed general medical-surgical unit. Over the past year, the ADC (Ave. Daily Census) was 55 patients.<\/p>\n\n\n\n Use the following data on 3 West during the last year to perform these calculations and answer these questions.<\/p>\n\n\n\n A. Complete this table to calculate the actualaverage hours of care required per patient day (HPPD) for the patients in 3 West.Round to the nearest tenth<\/p>\n\n\n\n As you continue, thestudycorp.com<\/a> has the top and most qualified writers to help with any of your assignments. All you need to do is place an order <\/a>with us. (Financial Management Case Study vfa20)<\/p>\n\n\n\n Acuity Mix Average Hours of Care Required Average Daily Census<\/p>\n\n\n\n (ADC) Total Hours of Care Per Day<\/p>\n\n\n\n I 1.4 8 11.2<\/p>\n\n\n\n II 3.9 21<\/p>\n\n\n\n III 5.6 19<\/p>\n\n\n\n IV 8.8 7<\/p>\n\n\n\n Totals<\/p>\n\n\n\n Hours per patient day (HPPD)<\/p>\n\n\n\n B. Remember that your established personnel budget for 3 West assumes a HPPD of 6.2. If your calculated HPPD is different, explain the significance of the variance. (If your calculated HPPD is different than 6.2, you must write more than, \u201cWe need more\/less nurses.\u201d)<\/p>\n\n\n\n What is the Significance of the variance? If you believe you need more staff, what will be your rationale for making this requires? If you have too much staff, what would your proposal be for bringing your staffing into a better balance?<\/p>\n\n\n\n C. What are the implications for the Nurse Manager? As an example, based on your conclusions in Section B, what other observations would you make as you review your total budget and what would you expect to see as a result? (Ex: supply costs; overtime hours, average census of 50 on a 60 bed unit, etc.)<\/p>\n\n\n\n 4. Youhave set two new goals for your unit for the next year related to personnel:<\/p>\n\n\n\n \u2022 Provide stronger unit management support on evening and night shifts and inthe absence of the manager.<\/p>\n\n\n\n \u2022 Correct unfavorable efficiency variances due to overtime.<\/p>\n\n\n\n To accomplish these goals, you plan to make these changes:<\/p>\n\n\n\n \u2022 Add 1.0 RN FTE position<\/p>\n\n\n\n \u2022 Eliminate 1.5 LVN positions<\/p>\n\n\n\n \u2022 Add 1.5 FTEs NA positions<\/p>\n\n\n\n \u2022 Add 1.0 Assistant HN position at $62,000\/year<\/p>\n\n\n\n Calculate ONLY the costof the proposed recommendations for 3 West.Compute totals for each column. If the change represents a reduction in the budget for that category, record the total as a negative number. If it represents an increase in the budget for that category, record the total as a positive number.<\/p>\n\n\n\n Positions FTEs Salary Hours Salary Subtotals Benefits Total<\/p>\n\n\n\n RN 1<\/p>\n\n\n\n LVN -1.5<\/p>\n\n\n\n NA 1.5<\/p>\n\n\n\n AHN 1 62,000 XXXXX<\/p>\n\n\n\n Totals 2 XXXXX XXXXX<\/p>\n\n\n\n 5. Assume your proposal was approved. Calculate the new personnel budget (You will use your budget from question 2 and account for the changes you requested in question 4). Compute totals for each column.<\/p>\n\n\n\n Positions FTEs Salary Hours Salary Subtotals Benefits Total<\/p>\n\n\n\n Manager 1 $75,000 XXXXX<\/p>\n\n\n\n AHN 1 $62,000 XXXXX<\/p>\n\n\n\n RN 31<\/p>\n\n\n\n LVN<\/p>\n\n\n\n NA<\/p>\n\n\n\n Sec<\/p>\n\n\n\n Totals XXXXX XXXXX<\/p>\n\n\n\n NURS4455 Nursing Leadership and Management<\/p>\n\n\n\n Module 3 Assignment 2<\/p>\n\n\n\n Organizational Analysis\u2013The Organization<\/p>\n\n\n\n Name: Date:<\/p>\n\n\n\n Organizational Analysis\u2013The Organization<\/p>\n\n\n\n Them aj or assignment for this course is analysis of your organization (or an organization that you have worked for if you aren\u2019t currently employed).In this assignment, you will report the organization\u2019smission,philosophy,and administrative structure. You will compare and contrast whatyoufind with the characteristicsoforganizations you have learned aboutin the lecturesand presentations and in your own investigative reading.<\/p>\n\n\n\n As you continue, thestudycorp.com<\/a> has the top and most qualified writers to help with any of your assignments. All you need to do is\u00a0place an order\u00a0<\/a>with us. (Financial Management Case Study vfa20)<\/p>\n\n\n\n Complete this assignment to demonstrate your analysis of the big picture of your organization.<\/p>\n\n\n\n Objectives<\/p>\n\n\n\n \u2022 Explain how organizations function.<\/p>\n\n\n\n \u2022 Compare and contrast characteristics of leadership and management.<\/p>\n\n\n\n \u2022 Apply trends, issues, theories, and evidence as guidelinesf or management decisions.<\/p>\n\n\n\n \u2022 Evaluate effectiveness of communication patterns using specific management situations.<\/p>\n\n\n\n Expected elements for scholarly writing:<\/p>\n\n\n\n \u2022 Ensure correct grammar and spelling<\/p>\n\n\n\n \u2022 Assignment should be submitted as an APA Paper, including title page and references.<\/p>\n\n\n\n \u2022 Title page is required for this Assignment and the UTACON version is expected format.<\/p>\n\n\n\n \u2022 1-inch margins, 12 size Times New Roman font.<\/p>\n\n\n\n \u2022 Please provide all references used to support your opinions and clarify positions in the paper.<\/p>\n\n\n\n \u2022 The reference list begins on a separate page from the content.<\/p>\n\n\n\n \u2022 Headings are expected and must be connected to the assignment criteria following APA style.<\/p>\n\n\n\n \u2022 An introduction is expected providing a brief look at what is planned within the body of the paper. However, no heading is used over the introduction in APA format. A Summary is usedand should have a heading over it.<\/p>\n\n\n\n \u2022 For all other style questions refer to the American Psychological Association. (2020).<\/p>\n\n\n\n Publication manual of the American Psychological Association (7th ed.) Washington, DC: Author.<\/p>\n\n\n\n Introduction of the Organization<\/p>\n\n\n\n Provide a concise description of the healthcare organization, including type of agency, size ,geographic location, services provided, target clientele, accreditation status, and community relationships.<\/p>\n\n\n\n Examination ofthe Organization<\/p>\n\n\n\n Identify the organization\u2019smission,philosophy,and theadministrative structure.Identifythetypeof organizational structure thefacilityrepresents (functional,matrixreporting,jointpractice,etc.).Give examplesthatsupportthetype you selected.<\/p>\n\n\n\n Strengths and Limitations<\/p>\n\n\n\n Discussmajorstrengthsand limitationsoftheorganization.<\/p>\n\n\n\n Care Delivery System<\/p>\n\n\n\n Describe the nursing care deliverysystem(s)used.Include delegation examples ofmanager,charge nurse,licensed staffto unlicensed staff.<\/p>\n\n\n\n Outcomes and Measurements<\/p>\n\n\n\n Discuss two specific patient outcomes and explain how they are measured and monitored. Include one system\u2013wide outcome and one nurse\u2013sensitive clinical indicator.<\/p>\n\n\n\nNURS 4455 Financial Management Case Study<\/h2>\n\n\n\n
Financial Management Case Study vfa20<\/h2>\n\n\n\n
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