NURS 8143 Healthcare Financing in Adv Nursing
CHOOSE 1 OF THE FOLLOWING SCENARIOS AND CREATE A BUDGET. This assignment should be submitted as a word document with a reference page and IS WORTH 100 POINTS.
Scenario 1: You are a DNP of your facility and have been asked to develop a Staffing Budget for a new unit. Develop a plan that incorporates the concepts you learned in chapters 5. At a minimum, you should include:
- Unit of service/census
- Volume forecast (Hours per patient day/visit/delivery)
- Number of FTE including direct and indirect
- Productive and non-productive time
You can decide how many beds will be in your new unit, but you will have to do all the budgeting for that new unit’s staffing. Remember this includes direct and indirect schedule requirements and productive and non-productive times. You have to budget for this unit to run 24 hours a day. There are several tables in chapter 5 that will be of help to you. Also, reflect on previous reading assignments that should help you to complete this assignment.
Scenario 2: Prepare a Capital Budget for a new service or piece of equipment. Using the 3-F philosophy, describe the finances, fit and feasibility. Chapter 7 is a notable reference. Elements to include:
- Cost of equipment/service
- Revenue Net present value
- Internal rate of return
- Sample Project Valuation Analysis
You should include a description of the service /equipment along with the budget.
Scenario 3: Develop a grant budget- Provide a financial project plan showing the budget for a proposed grant (Hypothetical). Chapter 14 and the week 2 materials are notable references. Elements to include:
- Direct Cost
- Indirect Cost
- Any Revenue Produced
Be sure to include the service or function the grant will be funding.
TEXTBOOK: FINANCE
Waxman, K. T. & Knighten, M. L. (2023). Financial and business management for the doctor of nursing practice (3rd ed.). Springer Publishing Company.
RUBRIC
1. Content : Budget is content rich with evidence of analysis, synthesis and evaluation of information.
2. Organization : Budget is well developed and organized.
3. References – Uses three or more references from current peer-reviewed nursing journals (within the last 5 yrs) with one reference required for initial posting and one reference for each peer posting. One reference may come from required course textbook. Must be legitimate peer-reviewed references or textbooks, and not AI-generated. No websites.
4. Reference must be written in APA 7th Ed /Apply Italics
5. Mechanics – Free of errors in grammar, punctuation, spelling, and/or APA format. AI-generated responses are not accepted. A zero will be administered if not in the student’s own words.
