Nursing leadership-managing cost and budget case study.
Tayloris the manager of a medical/surgical unit in a not-for-profit,acute care hospital that is part of a nine-hospital healthcaresystem. During the budget preparation process for the upcomingfiscal year, the healthcare system leadership mandated 5% costreductions from the previous fiscal year budget. Labor costs mustbe evaluated thoroughly for potential cost savings. Taylor feelsstrongly that eliminating nursing positions is not appropriate inthis budget reduction initiative.
- What arguments can Taylor use to justify that the current nursestaffing is necessary to ensure cost-effective, high-quality carefor the unit’s patients? (Please suggest 3 methods Taylor can useto justify the current nurse-to-patient ratios and explain youranswer.)
- What other means might Taylor employ to reach the 5% budgetreduction mandate without cutting nursing staff? (Please suggest 3ways Taylor could propose cost-cutting measures other than cuttingnursing positions and explain your answer.)
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