Question

One of the biggest challenges in fiscal management is maintaining quality and organizational excellence while at the same time keeping costs low.

Discuss what nurse leaders can use as strategies to balance fiscal stewardship and high levels of performance.

Answer 1

Answer:Nurse plays an important role in Patient's life. They are multidisciplinary team members which performs many functions. Nurse leader can use many strategies to balance the fiscal and high performance of the organisation.

Nurse can look into the matters such as scheduling, Nurse leaders can figure out how to responsibly and cost effectively staff their departments through weekly, and monthly schedules.

Nurse leaders can keep an eye on supplies and also encourage their responsible use. They can allocate when necessary.

The nurse leader can review patient cases regarding insurance to ensure that care delivered as best as possible with hospital and patient financial considerations.