NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)
Walden University NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)-Step-By-Step Guide
This guide will demonstrate how to complete the Walden University NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1) assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.
How to Research and Prepare for NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)
Whether one passes or fails an academic assignment such as the Walden University NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1) depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.
After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.
How to Write the Introduction for NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)
The introduction for the Walden University NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1) is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.
How to Write the Body for NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)
After the introduction, move into the main part of the NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1) assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.
Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.
How to Write the Conclusion for NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)
After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.
How to Format the References List for NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)
The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.
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NURS 4455 Module 3 Assignment 1 Financial Management Case Study vfa20(1)
NURS 4455
Module 3 Assignment 1
Financial Management Case Study vfa20(1)
Name: Date:
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 $75,000.00 per year
Registered Nurses (RN) $34.00 per hour
Licensed Vocational Nurses (LVN) $20.00 per hour
Nurse Aides (NA) $14.50 per hour
Unit Secretary (US) $12.00 per hour
Questions
1. How many RNs, LVNs, and NAs, by category, are on the staff of 3 West? (Round FTEsto the nearest tenth.)Compute totals for each column.
Positions Variable FTEs % by Position FTEs by Position
RN 40 0.75 30
LVN 40
NA 40
Totals
2. Compute the annual salary budget for 3 West.
Compute totals for appropriate columns.
Positions FTEs Salary Hours Salary Subtotals Amount of Benefits Total
MANAGER 1.0 $75,000 XXXX $75,000 $26,250
RN 30 $34 2080 $2,121,600
LVN 2080
NA 2080
Sec 2080
Totals XXXXX XXXXXX
3. Your hospital unit, 3 West, is a 60-bed general medical-surgical unit. Over the past year, the ADC (Ave. Daily Census) was 55 patients.
Use the following data on 3 West during the last year to perform these calculations and answer these questions.
A. Complete this table to calculate the actualaverage hours of care required per patient day (HPPD) for the patients in 3 West.Round to the nearest tenth
Acuity Mix Average Hours of Care Required Average Daily Census
(ADC) Total Hours of Care Per Day
I 1.4 8 11.2
II 3.9 21
III 5.6 19
IV 8.8 7
Totals
Hours per patient day (HPPD)
B. Remember that your established personnel budget for 3 West assumes a HPPD of 6.2. If your calculated HPPD is different, explain the significance of the variance. (If your calculated HPPD is different than 6.2, you must write more than, “We need more/less nurses.”)
What is the Significance of the variance? If you believe you need more staff, what will be your rationale for making this requires? If you have too much staff, what would your proposal be for bringing your staffing into a better balance?
C. What are the implications for the Nurse Manager? As an example, based on your conclusions in Section B, what other observations would you make as you review your total budget and what would you expect to see as a result? (Ex: supply costs; overtime hours, average census of 50 on a 60 bed unit, etc.)
4. Youhave set two new goals for your unit for the next year related to personnel:
• Provide stronger unit management support on evening and night shifts and inthe absence of the manager.
• Correct unfavorable efficiency variances due to overtime.
To accomplish these goals, you plan to make these changes:
• Add 1.0 RN FTE position
• Eliminate 1.5 LVN positions
• Add 1.5 FTEs NA positions
• Add 1.0 Assistant HN position at $62,000/year
Calculate ONLY the costof the proposed recommendations for 3 West.Compute totals for each column. If the change represents a reduction in the budget for that category, record the total as a negative number. If it represents an increase in the budget for that category, record the total as a positive number.
Positions FTEs Salary Hours Salary Subtotals Benefits Total
RN 1
LVN -1.5
NA 1.5
AHN 1 62,000 XXXXX
Totals 2 XXXXX XXXXX
5. Assume your proposal was approved. Calculate the new personnel budget (You will use your budget from question 2 and account for the changes you requested in question 4). Compute totals for each column.
Positions FTEs Salary Hours Salary Subtotals Benefits Total
Manager 1 $75,000 XXXXX
AHN 1 $62,000 XXXXX
RN 31
LVN
NA
Sec
Totals XXXXX XXXXX
ADDITIONAL INSTRUCTIONS FOR THE CLASS
Discussion Questions (DQ)
Initial responses to the DQ should address all components of the questions asked, include a minimum of one scholarly source, and be at least 250 words.
Also Check Out: NURS 4455 Nursing Leadership and Management Module 1 Assignment 4
Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source.
One or two sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words.
I encourage you to incorporate the readings from the week (as applicable) into your responses.
Weekly Participation
Your initial responses to the mandatory DQ do not count toward participation and are graded separately.
In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies.
Participation posts do not require a scholarly source/citation (unless you cite someone else’s work).
Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week.
APA Format and Writing Quality
Familiarize yourself with APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required).
Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation.
I highly recommend using the APA Publication Manual, 6th edition.
Use of Direct Quotes
I discourage overutilization of direct quotes in DQs and assignments at the Masters’ level and deduct points accordingly.
As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content.
It is best to paraphrase content and cite your source.
LopesWrite Policy
For assignments that need to be submitted to LopesWrite, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me.
Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes.
Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own?
Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for tips on improving your paper and SI score.
Late Policy
The university’s policy on late assignments is 10% penalty PER DAY LATE. This also applies to late DQ replies.
Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances.
If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect.
I do not accept assignments that are two or more weeks late unless we have worked out an extension.
As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading.
Communication
Communication is so very important. There are multiple ways to communicate with me:
Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class.
Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours.