ABSTRACT
In this era of intense competition for restrained healthcare resources, a sound financial system can provide the foundation for evaluating care requirements while balancing allocation and deployment of resources. The authors describe one nursing division's comprehensive budgetary decision support model. This model has enabled achievement of rigorous budgetary goals while maintaining high standards of quality. The budgetary decision support model was internally created; however, it is applicable and easily adaptable to any healthcare organization.
Subject(s)
Budgets/organization & administration , Decision Support Techniques , Nursing Service, Hospital/economics , Academic Medical Centers/economics , Budgets/statistics & numerical data , Humans , Models, Economic , New Jersey , Nurse Administrators , Nursing Service, Hospital/statistics & numerical data , Planning TechniquesABSTRACT
Faced with tighter budgets and diminishing resources, the success of nurse managers will be measured by their ability to identify and balance cost/quality issues effectively while managing staffing under variable patient census and demanding patient acuity. A structured approach to expert financial management can insure that nursing departments meet financial targets while maintaining integrity of clinical care.
