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Pages:
4 pages/≈1100 words
Sources:
4 Sources
Style:
APA
Subject:
Health, Medicine, Nursing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 19.44
Topic:

Staffing Decisions based on Sound Financial Management Principles and Compliance Guidelines

Essay Instructions:

Assessment Description
The purpose of this assignment is to prepare students to make staffing decisions based on sound financial management principles and compliance guidelines.
Scenario: You are the nurse leader of a 30-bed medical surgical unit and have to account for all staffing, including any discrepancies. Using sound financial management principles, complete the "NUR-621 Topic 8: Staffing Matrix" in the provided excel template.
After completing the matrix, compose an 1,000-1,250-word reflection answering the following questions:
Why is it important to use a staffing matrix in your health care setting?
Briefly describe your staffing matrix. How many FTEs (full-time equivalent) on the staffing roster are required to cover daily needs? What units of services or work measurement did you use and why? What financial management principles did you use to determine your staffing matrix?
Explain how you adjusted your staffing based on changes in the patient census.
You receive your financial report for the month. You have used more FTEs than what was budgeted for your census. How will you make up the variance? How would you reallocate resources to make up for the variance and still comply with guidelines?
Include two to four peer-reviewed references in your essay, including the textbook.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
Benchmark Information
This benchmark assignment assesses the following programmatic competencies:
MSN Leadership in Health Care Systems
6.4: Apply sound financial management principles to allocate resources within health care organizations.

Essay Sample Content Preview:

Staffing Matrix and Reflection Paper
Student Name
Institutional Affiliation
Date
Staffing Matrix and Reflection Paper
Introduction
The United States (US) significantly spends more on healthcare compared to peer nations, and such expenditures will continue to rise in the future. Such trends will worsen the country’s growing debt and are explicitly challenging since they do not culminate into health outcomes improvements. The burgeoning healthcare costs could also hinder the healthcare system’s capacity to manage health crises, such as the Covid-19 effectively. In that way, it is increasingly essential for healthcare leaders to implement strategies to mitigate financial burdens related to care access and quality. As a nurse leader, I must constantly practice prudent financial management principles to meet resources constraints, including adequate staffing to enhance patient care outcomes. This implies that financial management knowledge significantly influences how I organize the available human resources, particularly during healthcare crisis contexts. That said, I will employ the staffing matrix to effectively account for all human resources, including potential discrepancies within the 30-bed medical-surgical unit. This report discusses the value of the staffing matrix within the healthcare setting and describes the staffing matrix, including necessary adjustments centered on patient census alterations. The paper will also include a variance plan and reallocation of resources to enhance staffing within the surgical unit.
Importance of Staffing Matrix in Health Care Setting
A staffing matrix is a tool that helps nurse leaders to determine the levels of the respective staff group needed based on the census. The staffing matrix is employed as a guideline for human resource management. Adjustments could be executed by considering patients’ needs as well as acuity. Charge nurses evaluate the staffing needs continuously and discuss with their leaders the need to make appropriate adjustments (Gan, 2020). In that context, the staffing matrix ensures that the patients’ needs effectively match with nurse competencies. Evidence reiterates that adequate staffing is associated with healthier work contexts, which could motivate nurses to offer a higher proportion of care hours than routine duties and improve patient outcomes (American Association of Critical-Care Nurses, 2018). One of the reasons for implementing the staffing matrix is to enhance patient outcomes. Research indicates a significant association between patient outcomes and nursing resources (Bettencourt et al., 2020). The staffing matrix provides a minimum nurse-to-patient ratio to ensure all patients are effectively attended to, thus improving treatment outcomes.
The staffing matrix also ensures a compelling human resources mix attending to the patients. This goes beyond the aspect of staffing numbers to emphasize the need to guarantee effective nurse teams. It reflects the degree to which nursing team members have the expertise and capacity to meet the care and treatment needs. The staffing matrix considers the number of personnel, the types of nurse professionals available, their practice experience, support staff availability, and ...
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