Description
As a healthcare leader, you may support your healthcare organization through the healthcare budgeting process and need to account for key components of the financial plan. Healthcare organizations come to an understanding of how much funding must be planned in certain areas, including operating costs and capital equipment. Ultimately, a well-planned budget allows health teams and organizations to plan appropriately for the future to provide quality care. .
In this micro-course, you will review the important aspects of budgeting and planning from the perspective of nurse leaders. This includes a review of the types of budgets and the budget development process, as well as how budgets are analyzed to make investment decisions in support of objectives. You will also examine the nature of risks that can threaten budgets and financial plans and learn strategies to manage risk.
Related Learning: This micro-course is also part of the FNHC1100 - Healthcare Financial Management Professional Certificate Learn more.
What You Will Learn
Upon successful completion, you will be able to:
- Describe the functions of a budget.
- Compare the various types of budgets and their relationship to long-term, short-term, working capital and contract planning.
- Apply financial principles to analyzing budgets and managing resources.
- Describe the budgetary factors that impact expenditures and investment decisions.
- Conduct a budget analysis and relate results to planning efforts and objectives.
- Investigate strategies for managing financial risks in healthcare.
Refund Policy
You will have seven days to request a full refund after purchase. No hidden fees. All books and materials are included with purchase.
Accreditation Statement
Walden University College of Nursing is accredited as a provider of nursing continuing professional development through the American Nurses Credentialing Center's Commission on Accreditation. Provider Unit P0469.
Criteria for Obtaining Contact Hours
This nursing continuing professional development course offers content that includes overviews and descriptions, engagement activities, resources, and a final assessment. Within 180 days of the course purchase date, follow these steps to claim nursing contact hours:
- Complete all content in each micro-course,
- Achieve 80% or higher for the final assessment,
- Complete the end of course evaluation, and
- Download and print or save your contact hour certificate.
Disclosure Statement
The planners and authors of this nursing continuing professional development activity disclose no relevant financial relationships.
While professional development activities offered by an American Nurses Credentialing Center Provider Unit typically satisfy the requirements of most states, Walden University recommends that participants ensure that the content offered meets their individual requirements. To the extent that contact hours must be approved within one’s state of residence or licensure, participants should check with their state board of nursing before enrolling in any professional development activity. The state board of nursing determines the number and type of contact hours that can be claimed for professional development activities.
