Archive for category: Nursing

Preparing and Managing a Capital Budget
Overview
Prepare a 4 page capital budget for a major capital acquisition.
In today’s health care environment, the focus on major purchases, as part of the capital budget, has emphasized the need for newer and better technology. Although the need to invest in capital equipment and technology has been ongoing, the nursing workforce must also have a safe and pleasant work environment.
This assessment provides an opportunity for you develop a capital budget for a major facility improvement that will benefit patients, nurses, and the organization.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
• Develop a capital budget.
• Describe a capital acquisition.
• Prepare a capital budget.
• Describe the process for calculating costs.
•  Determine the equipment and services needed to maintain seamless patient or client care.
• Justify the need for a capital acquisition.
• Apply financial principles to a strategic plan for achieving organizational goals and fiscal success.
• Present a plan for budget management.
• Explain how a capital acquisition will affect the financial health of the organization.
•  Communicate effectively with diverse audiences, in an appropriate form and style, consistent with applicable organizational, professional, and scholarly standards.
• Present budget data and information clearly and accurately.
• Integrate relevant and credible sources of evidence to support your budget data and information, correctly formatting citations and references using APA style.