Cardiac Budget

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The purpose of this paper is to discuss the steps involved in developing a budget for St. Louis Medical Centers’ (SLMC) new Cardiac Unit. Budget development steps will be identified to help develop a sound budget for the cardiac unit. A financially responsible budget will ensure the ability to provide quality care and distribution of nursing resources. Developing a sound budgeting process provides a solid foundation for organizational growth and development (Seetharaman, Patwa, Jadhav, & Saravanan, 2016). The development of a budget should be lead by what the organization plans to accomplish and how the organization is to go about meeting their goals (White, 2014).
Steps to Develop a Budget As a nurse leader prepares to complete a budget, …show more content…

Then patient care hours per day is figured in order to determine whether there are enough staff or full-time equivalents (FTE) to meet the needs of the patient population. At this point, the nurse leader will need to review acuity on the particular unit. This information will help the leaders determine budget information for amount of supplies that may be needed. This is where nursing leadership would be most benefited by including their front-line staff in financial discussions and decision making (Mukherjee, Al Rahahleh, Lane, & Dunn, 2016). Equipment needs also needs to be investigated to ensure adequate equipment such as vitals machines, patient beds, shower chairs are on hand to facilitate care. Equipment purchases and possible rental or leases are then included in the budget planning. Again, front-line staff is a good resource for this information. Listening to their frustrations at having to search for items or having to wait for equipment to carry out patient …show more content…

Buy in of the clinical staff is paramount in maintaining and meeting budget goals. Communication of financial goals to front-line staff will help to ensure that everyone is one the same page as far as goals and plans to meet them. Communication between nursing leadership and financial managers is also crucial. To nursing leadership, the topic of budget development is intimidating and support of their leadership and financial leaders is important. “Managers need to have a budget, control the budget and trust management to stand behind them” (Dean,

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