This week's reading through Chapters 17 through 19 reframe your focus on benefits at the micro-level (patient and individual unit), meso-level (service line benefits of added capacity for patient placement), and macro-level (value-based quality benefits to the organization). Understanding the connection between financial choices made today and the future health of the organizations built to deliver healthcare into the future.

In 600 Words

Question:

Consider some of the issues that affect the efficiency of an organization. Answer each of the questions associated with the ways in which effective budgeting and maintaining good financial health can sustain an organization.

· How can budgeting help planning of staff resources?

· How can budgeting improve communication across disciplines?

· How can effective financial health improve the performance of the organization?

This activity aligns with course outcomes 1, 2 and 4.

Please use the lecture materials and other outside sources within the last 5 years

Lecture Materials

Waxman, K. (2022). Financial and business management for the doctor of nursing practice (3rd ed.). Springer Publishing LLC.

Read Chapters 17-19

Download the PowerPoint presentations below and use them to take notes on the assigned readings in the Waxman and Knighten 3rd Ed. text for Chapters 17 through 19: