Interview a leader of your choice who has experience with creatin

Interview a leader of your choice who has experience with creating and managing budgets, and write a 3-5 page analysis of your findings from the interview. Introduction Note: Complete the assessments in this course in the order in which they are presented. Business acumen, including financial management skills, is a key competency for nurse leaders, and a primary responsibility for many is the development and management of operating and capital budgets. For this assessment, you will speak with a leader of your choice who has experience with creating and managing budgets, learn about that person’s approach to budget management, and consider techniques or strategies you may emulate when you create and manage budgets. Nurse leaders must be well-versed in the fundamentals of health care economics. A firm understanding of these concepts is essential in order to examine national trends and diverse health care organizations. At the organizational level, health care economics operate in a manner very similar to other competitive industries and businesses. Within any organization, regardless of size, nurse leaders must understand the purpose and complexity of building a solid budget. Nurse leaders must be able to recognize the organizational or unit goals and then be adept and competent in the planning, designing, and defending a budget to meet those needs. Note: Complete the assessments in this course in the order in which they are presented. Preparation You are the nurse manager of a new urgent care clinic, and one of your first tasks is to prepare next year’s operating budget. Like many nurses, you have had little or no direct experience with the budgeting process and realize that financial management is not one of your strengths as a leader. Consequently, you have decided that you need to reach out for help from someone in the facility with budgeting experience and financial management expertise who can offer you help and insight. Note: Remember that you can submit all of, or a portion of, your draft analysis to Smarthinking for feedback, before you submit the final version for this assessment. However, be mindful of the turnaround time of 24–48 hours for receiving feedback, if you plan on using this free service. As you prepare to complete this assessment, you may want to think about other related issues to deepen your understanding or broaden your viewpoint. You are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of your professional community. Note that these questions are for your own development and exploration and do not need to be completed or submitted as part of your assessment. Capital and operating budgets each play a major role in the financial expenditures of nursing units. What is the purpose of each type of budget? How does managing these two types of budgets differ? What financial management techniques are common to both types? Reflect on your experience with either type of budget. How have one or the other of these two budgets affected the provision of care in your organization or unit?   Requirements Interview Conduct an interview with your site supervisor, or other nurse leader whom you consider to be a mentor in the area of health care finance. Discuss their experience with operations and capital budgets in their current or previous role. Explore the following topics in your interview: Their experience managing an operating budget. Their approach to managing productivity within the parameters of the budget. Their approach to oversight of the appropriate use and availability of equipment and supplies. The experience of managing a capital budget. How managing a capital budget differs from managing an operating budget. Their application of finance principles to fulfill the organization’s mission and goals. Analysis Note: The requirements outlined below correspond to the grading criteria in the assessment scoring guide. Be sure that your written analysis addresses each point, at a minimum. You may also want to read the Guiding Questions: Mentor Interview [DOCX] to better understand how each criterion will be assessed. Prepare a written analysis of your findings from the interview, supplemented by your own research and evaluation of budget management techniques. Compare the process of managing an operating budget to that of managing a capital budget. Describe the process of allocating resources for labor, equipment, and services. Describe an effective approach that contributes to planning for profitability and fiscal success. Evaluate the nurse leader’s approach to budget management. Write clearly and concisely, using correct grammar and mechanics. Integrate relevant and credible sources of evidence to support your assertions, correctly formatting citations and references using current APA style. Additional Requirements Format your analysis using APA style. Use the APA Style Paper Tutorial [DOCX] linked above. Be sure to include: A title page and reference page. An abstract is not required. A running head on all pages. Appropriate section headings. A minimum of five properly formatted citations and references. Your analysis should be 3–5 pages in length, not including the title page and reference page. GRADING RUBRIC: 1-  Compare the process of managing an operations budget to that of managing a capital budget.  Passing Grade:  Compares the process of managing an operating budget to that of managing a capital budget, and identifies knowledge gaps, unknowns, missing information, unanswered questions, or areas of uncertainty.  2-  Describe the process of allocating resources for labor, equipment, and services.  Passing Grade:  Describes the process of allocating resources for labor, equipment, and services, and identifies assumptions underlying the process.  3-  Describe an effective approach that contributes to planning for profitability and fiscal success.  Passing Grade:  Describes an effective approach that contributes to planning for profitability and fiscal success, and impartially considers potential merits of an alternative approach.  4-  Evaluate a nurse leader’s approach to budget management.  Passing Grade:  Evaluates a nurse leader’s approach to budget management, citing one or more relevant resources that provide criteria for budget evaluation.  5-  Write clearly and concisely, using correct grammar and mechanics.  Passing Grade:  Writes clearly and concisely. Grammar and mechanics are error-free.  6-  Integrate relevant and credible sources of evidence to support your assertions, correctly formatting citations and references using current APA style.  Passing Grade:  Integrates relevant, credible, and convincing sources of evidence to support assertions. Sources are current, and citations and references are error-free.

Struggling to find relevant content? Order a custom essay on
Interview a leader of your choice who has experience with creatin
Let our experts save you the hassle
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with GPA Fix
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
IT, Web
Excellent job on the paper.
Customer 452885, January 25th, 2023
Nursing
I appreciate all the hard work. Thank you!
Customer 452525, August 13th, 2021
Other
NICE
Customer 452813, June 30th, 2022
Social Work and Human Services
Great Work!
Customer 452587, September 8th, 2021
Technology
Excellent job on the paper!
Customer 452885, December 28th, 2022
Nursing
Thank you so much for being the best website for assignment help.
Customer 452635, June 24th, 2022
Nursing
Great! Thanks again!
Customer 452707, July 4th, 2022
Social Work and Human Services
Thank you for the great job
Customer 452469, February 3rd, 2021
Social Work and Human Services
Good Work!
Customer 452587, September 2nd, 2021
Other
great
Customer 452813, June 30th, 2022
Social Work and Human Services
Excellent Work
Customer 452587, November 22nd, 2021
Strategic Management
Thanks for the help, really appreciate it
Customer 452821, June 26th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
error: Content is protected !!

Save More. Score Better. Use coupon code SPECIAL for a 15%discount