UTA NURS4455 Nursing Leadership and Management Module 3 Assignment
Module 3 Assignment
Financial Management Case Study
Overview: Financial Management Case Study
One of the important duties of a nurse leader is to manage personnel and personnel budgets. In this assignment, you will assume the role of a nurse manager. You will use given data to make important decisions regarding budgets and staffing.
Some nurse managers have computer spreadsheets or software applications to help them make decisions regarding budgets and staffing. You will only need simple mathematical operations* to perform the needed calculations in this assignment because the scenario has been simplified. Furthermore,some data have been provided for you that a nurse leader might need to gather or compute in a real setting. Still, you will get a glimpse of the complexity of responsibilities nurse leaders shoulder regarding financial management.
• To calculate the percent of the whole a given number represents, follow these steps:
Change the percentage to a decimal number by moving the decimal twice to the left (or dividing by 100).
Multiply the new decimal number by the whole.
Example: What is 30% of 70?
30%= .30; (.30) × 70 = 21
• To find out what percentage a number represents in relation to the whole, follow these steps:
Divide the number by the whole (usually the small number by the large number).
Change the decimal answer to percent by moving the decimal twice to the right (or multiplying by 100).
Example: What percent of 45 is 10?
10 ÷ 45 = .222; so, 10 is 22% of 45.
* You will only need addition, subtraction, multiplication, and division.
Case Study
You are the manager for 3 West, a medical/surgical unit. You have been given the following data to assist you in preparing your budget for the upcoming fiscal year.
Patient Data
Average Daily Census (ADC): 55
Budget based on 6.2Avg.Hours per patient day (HPPD)
(6.2HPPD excludesNurse Manager and unit secretaries)
Staff Data
Total FTEs 40.0 Variable FTEs
1.0 Nurse Manager
2.5 Unit Secretaries
43.5Total FTEs
Staffing Mix
RN 75%
LVN 10%
NA 15%
Average Salary Scale per Employee
Benefits are 35% of annual salaries
Nurse Manager $76,000.00 per year
Registered Nurses (RN) $34.00 per hour
Licensed Vocational Nurses (LVN) $20.00 per hour
Nurse Aides (NA) $12.50 per hour
Unit Secretary (US) $11.00 per hour
NURS4455 Nursing Leadership and Management
Module 3 Assignment 2
Organizational Analysis – Part 1 Overview of Organization
Name: Date:
Overview:OrganizationalAnalysis–The Organization
Themajorassignmentforthiscourse isanalysisofyourorganization (or an organization that you have worked for if you aren’t currently employed).In thisassignment,you will report the organization’smission,philosophy,and administrative structure. You will compare and contrastwhatyoufind with the characteristicsoforganizations you have learned aboutin the lecturesand presentations and in yourowninvestigative reading.
Completethisassignmentto demonstrateyouranalysisofthebig pictureofyourorganization.
Objectives
• Explain howorganizationsfunction.
• Compareand contrastcharacteristicsofleadership and management.
• Applytrends,issues,theories,andevidence asguidelinesformanagementdecisions.
• Evaluate effectiveness ofcommunicationpatternsusing specificmanagementsituations.
Expected elements for scholarly writing:
• Ensure correct grammar and spelling
• Assignment should be submitted as an APA Paper, including title page and references.
• Title page is required for this Assignment and the UTACON version is expected format.
• 1-inch margins, 12 size Times New Roman font.
• Please provide all references used to support your opinions and clarify positions in the paper.
• The reference list begins on a separate page from the content.
• Headings are expected and must be connected to the assignment criteria following APA style.
• An introduction is expected providing a brief look at what is planned within the body of the paper. However, no heading is used over the introduction in APA format. A Summary is usedand should have a heading over it.
• For all other style questions refer to the American Psychological Association. (2010). Publication manual of the American Psychological Association (6th ed.) Washington, DC: Author.