Interview a leader of your choice who has experience with creating and managing budgets, and write a 3-5 page analysis of your findings from the interview
In the interview with the nurse leader, I discussed numerous aspects of their substantial
years of practice in overseeing budgets, including operating and capital, in health organizations.
The changes supported by the nurse leader also illustrated a good grasp of functional financial
management; for instance, targeting increased productivity within a constrained budget.
The nurse leader conveyed ideas on how to manage operating budget by stressing on the
need to undertake strategic planning and being keen. They pointed to their policy on staffing and
patient care needs, arguing that efforts have been made to ensure matching of staff numbers and
resource budgets.
She also mentioned that collecting and analyzing data should form the basis of the
decisions made regarding productivity with a limited budget. They provided structures like
benchmarking and performance indices for managing productivity levels efficiently on the
number one challenge of optimum utilization of resources without compromising on the quality
of services. Specifically on equipment and supplies management, the nurse leader emphasized
the importance and need to anticipate supplies needs as well as keep records of equipment usage.
When it comes to capital budgeting, the role and the practice of the nurse leader was
illustrated on the long-term investment choices. They described how some areas were identified
for improvement based on clinical requirements and what technology was available, and the long
term plan for the acquisition of equipment was to look at a long-term return on investment when
it came to sustainability.
Speaking about her responsibilities, she coordinates the financial goals and plans of the
organization that concern patients’ care and the overall sustainability of the organization’s
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