Budgeting as an organization planning

Budgeting is part of an organization’s planning, and that staff nurses are expected to be aware of their unit’s financial performance and the impact their decisions may have on it. Why is it important for nurses to have a good understanding of the budgeting process? How does the budget function as a tool? Productivity is defined as the relationship between output and the goods and services used to produce them. How would you measure a nurse’s productivity? How is healthcare organized and financed? How do healthcare policies play a role in healthcare systems/structures? How does this information guide the nurse leader in practice?

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