Budget Development Strategies Paper

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Budget Development Strategies: A Key Concept to Improve Financial Management
Budget development is a key element that involves nurses at all levels in the organization to identify strategic planning model in formulating staffing level even with limited resources on hand. Budget development helps in forecasting and planning nurse-staffing requirements based on patient care needs in real time.
The purpose of the term paper is to determine key concepts of budget development strategies for the cardiac unit at Saint Louis Medical Center (SLMC). The term paper will provide analysis on the proposed budget development on staffing level for the cardiac unit at SLMC.
Proposed Budget Development for Cardiac Unit at Saint Louis Medical Center
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The implementation of budget development by hospital leaders can improve budgetary planning practices, and improve staffing plan based on patients’ needs thus, provide safe and effective care. The nurse leaders and staff play important role in identifying requirements needed to create, assess, evaluate, implement, and improve the budget development process.
References

Bryant, M. (2015). Improving the budget process. Retrieved from http://www.gfoa.org/sites/default/files/GFR101542.pdf
Robinson, C.H., & Annis, A.M. (2016). Factors that affect implementation of a nurse staffing directive: Results from a qualitative multi-case evaluation. Journal of Advanced Nursing, 72(8), 1886-1898. doi:10.1111/jan.12961
Rundio, A. (2016). Budget development for nurse managers. Reflections on Nursing Leadership, 42(3), 1-8. Retrieved from http://proxy.chamberlain.edu:8080/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=ccm&AN=119422546&site=ehost-live
Torbet, J.L., Mulkeen, M., Stringer, L., & Fitzpatrick, K. (2015). Development of a nurse staffing model to accurately reflect complexity and intensity of patient care needs in an urban academic medical center… proceedings of the 2015 AWHONN Convention. Journal of Obstetric, Gynecologic & Neonatal Nursing, 44(Supplement 1), S4O.

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